cryptd.in

Alternativ LinkedIn for kryptovennlige talenter

Ethereum Price Consolidation Hints at Strength—Is a Move Higher Coming?

-

av

cryptd.in
i

Ethereum price started a fresh increase above the $1,620 zone. ETH is now consolidating gains and might aim for more gains above $1,680.

  • Ethereum started a decent increase above the $1,600 and $1,620 levels.
  • The price is trading above $1,625 and the 100-hourly Simple Moving Average.
  • There is a new connecting bullish trend line forming with support at $1,625 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh increase if it clears the $1,680 resistance zone.

Ethereum Price Eyes More Gains

Ethereum price formed a base above $1,520 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,580 and $1,600 resistance levels.

The bulls even pumped the price above the $1,650 zone. A high was formed at $1,690 and the price recently started a downside correction. There was a move below the $1,640 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $1,562 swing low to the $1,690 high.

However, the bulls were active near the $1,620 zone. Ethereum price is now trading above $1,625 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $1,625 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $1,660 level. The next key resistance is near the $1,680 level. The first major resistance is near the $1,690 level. A clear move above the $1,690 resistance might send the price toward the $1,750 resistance.

Ethereum Price

An upside break above the $1,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,800 resistance zone or even $1,880 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,660 resistance, it could start a downside correction. Initial support on the downside is near the $1,620 level. The first major support sits near the $1,610 zone and the 61.8% Fib retracement level of the upward move from the $1,562 swing low to the $1,690 high.

A clear move below the $1,610 support might push the price toward the $1,575 support. Any more losses might send the price toward the $1,550 support level in the near term. The next key support sits at $1,500.

Tekniske indikatorer

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,610

Major Resistance Level – $1,660

Kommentarer

Legg igjen en kommentar

Din e-postadresse vil ikke bli publisert. Obligatoriske felt er merket med *

Siste feeds

Populære kategorier

nb_NO Norsk bokmål
nb_NO Norsk bokmål en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Søk på nettstedet

Populære historier

Tagger

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHåndtering (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTopp (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCanskaffelse (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoForutsigelser (1) #CryptoRegulering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolum (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Finansiell innvirkning (1) #FinansiellPrivatliv (1) #FirmShutdown (1) #FrossenKonti (1) #Ilskuddsmidler (1) #InflasjonData (1) 1TP5Investering (1) 1TP5Investeringstap (1) #JapanskFirma (1) #LegalAction (1) #LegalImpact (1) #Lovgivning (1) #LightningNetwork (1) #Markedsanalyse (3) #Markedsovervåking (1) #Markedsprediksjon (1) #Markedsprognoser (1) #Markedsprojeksjon (1) #Markedsstøtte (1) #Markedets volatilitet (1) #MVogn (1) #MemeCoin (5) #MemeCoins (2) #MinerLønnsomhet (1) #M Pengehvitvasking (2) #MtGox (4) #Nord-KoreaKrypto (1) #NovogratzPrediksjon (1) #PrisMilestone (1) #Prisforutsigelse (2) #PrisSpørsmål (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #Reguleringspress (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Tteknisk analyse (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashUtvikler (1) #UKCrypto (1) #UpsidePotensial (1) #USCongress (1) #WyomingLand (1) #XRPPris (1) #XRPupswing (1)

Nyttige lenker

Lenker jeg fant nyttige og ønsket å dele.