{"id":460514,"date":"2021-04-06T05:08:35","date_gmt":"2021-04-06T05:08:35","guid":{"rendered":"https:\/\/wncen.com\/?p=460514"},"modified":"2024-06-11T11:23:00","modified_gmt":"2024-06-11T11:23:00","slug":"ethereum-eth-could-rally-above-2200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eth-could-rally-above-2200\/","title":{"rendered":"TA: Ethereum Sets New ATH, Here’s How ETH Could Rally Above $2.2k"},"content":{"rendered":"
Ethereum extended its rally and traded to a new all-time high at $2,150 against the US Dollar. ETH price is now consolidating gains and it is likely to rally above $2,200.<\/em><\/p>\n In the past few sessions, Ethereum remained in a positive zone above the $2,000 support, similar bitcoin<\/a>. ETH even broke the $2,100 level and traded to a new all-time high near $2,150.<\/p>\n During the increase, there was a break above a key bearish trend line with resistance near $2,060 on the hourly chart of ETH\/USD. The price is now trading well above the $2,100 support and the 100 hourly simple moving average<\/a>.<\/p>\n A high is formed near $2,150 and the price is consolidating gains. An initial support is near the $2,115 level. It is near the 23.6% Fib retracement level of the recent wave from the $2,004 swing low to $2,150 high.<\/p>\n <\/a><\/p>\n There is also a short-term rising channel forming with support near $2,100 on the same chart. It seems like there is a major support forming near the $2,080 level. It is close to the 50% Fib retracement level of the recent wave from the $2,004 swing low to $2,150 high.<\/p>\n On the upside, the $2,150 level is a short-term resistance. A clear break above the $2,150 high might open the doors for more gains above the $2,180 and $2,200 levels.<\/p>\n If Ethereum fails to clear the $2,150 resistance, it could correct lower. The first major support is now forming near the $2,080 level.<\/p>\n Any more losses might lead ether price towards the $2,040 level and the 100 hourly simple moving average. The next major buy zone for the bulls could be $2,000.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is well above the 50 level.<\/p>\n Major Support Level \u2013 $2,080<\/p>\n Major Resistance Level \u2013 $2,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its rally and traded to a new all-time high at $2,150 against the US Dollar. ETH price is now consolidating gains and it is likely to rally above $2,200. Ethereum is trading nicely in a bullish zone above the $2,050 support. The price is now well above the $2,100 support and the 100 hourly simple moving average. There is a short-term rising channel forming with support near $2,100 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher above the $2,150 and $2,180 levels in the near term. Ethereum Price Is Gaining Momentum In the past few sessions, Ethereum remained in a positive zone above the $2,000 support, similar bitcoin. ETH even broke the $2,100 level and traded to a new all-time high near $2,150. During the increase, there was a break above a key bearish trend line with resistance near $2,060 on the hourly chart of ETH\/USD. The price is now trading well above the $2,100 support and the 100 hourly simple moving average. A high is formed near $2,150 and the price is consolidating gains. An initial support is near the $2,115 level. It is near the 23.6% Fib retracement level of the recent wave from the $2,004 swing low to $2,150 high. Source: ETHUSD on TradingView.com There is also a short-term rising channel forming with support near $2,100 on the same chart. It seems like there is a major support forming near the $2,080 level. It is close to the 50% Fib retracement level of the recent wave from the $2,004 swing low to $2,150 high. On the upside, the $2,150 level is a short-term resistance. A clear break above the $2,150 high might open the doors for more gains above the $2,180 and $2,200 levels. Dips Limited in ETH? If Ethereum fails to clear the $2,150 resistance, it could correct lower. The first major support is now forming near the $2,080 level. Any more losses might lead ether price towards the $2,040 level and the 100 hourly simple moving average. The next major buy zone for the bulls could be $2,000. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is well above the 50 level. Major Support Level \u2013 $2,080 Major Resistance Level \u2013 $2,150<\/p>\n","protected":false},"author":67,"featured_media":460516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-460514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Is Gaining Momentum<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n