{"id":463154,"date":"2021-05-06T04:48:10","date_gmt":"2021-05-06T04:48:10","guid":{"rendered":"https:\/\/wncen.com\/?p=463154"},"modified":"2024-06-11T13:55:31","modified_gmt":"2024-06-11T13:55:31","slug":"ethereum-sets-new-ath-3550","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-sets-new-ath-3550\/","title":{"rendered":"TA: Ethereum Sets New ATH, Why Dips Remain Attractive In Near-Term"},"content":{"rendered":"
Ethereum extended its rally and it traded to a new all-time high near $3,550 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid near $3,400.<\/em><\/p>\n Ethereum formed a new support base above the $3,250 and started a fresh increase. ETH outpaced bitcoin<\/a> and it broke the $3,400 resistance to start a fresh rally.<\/p>\n It even climbed above the $3,500 level and traded to a new all-time high<\/a> near $3,550. It is now trading well above $3,400 and the 100 hourly simple moving average. Recently, there was a downside correction from the $3,551 high and the price traded below $3,500.<\/p>\n Ether traded below the 23.6% Fib retracement level of the recent wave from the $3,289 swing low to $3,551 high. On the downside, the first major support is near the $3,420 level.<\/p>\n <\/a><\/p>\n The 50% Fib retracement level of the recent wave from the $3,289 swing low to $3,551 high is also near the $3,420 level. The main support is now forming near the $3,400 level. There is also a major bullish trend line forming with support near $3,390 on the hourly chart of ETH\/USD. Any more losses might call for a drop towards the $3,250 support zone in the near term.<\/p>\n If Ethereum remains stable above the $3,400 zone, it could start a fresh increase. An immediate resistance on the upside is near the $3,500 level.<\/p>\n A successful close above the $3,500 level could lead ether price towards the $3,550 level. The next key resistance is near $3,620, above which the bulls might aim a test of the $3,750 level in the coming days.<\/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 correcting lower and it is approaching the 50 level.<\/p>\n Major Support Level \u2013 $3,400<\/p>\n Major Resistance Level \u2013 $3,550<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its rally and it traded to a new all-time high near $3,550 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid near $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,550. The price is now trading well above $3,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,390 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is correcting lower, but the bulls are likely to remain active near $3,400. Ethereum Price Gains Traction Ethereum formed a new support base above the $3,250 and started a fresh increase. ETH outpaced bitcoin and it broke the $3,400 resistance to start a fresh rally. It even climbed above the $3,500 level and traded to a new all-time high near $3,550. It is now trading well above $3,400 and the 100 hourly simple moving average. Recently, there was a downside correction from the $3,551 high and the price traded below $3,500. Ether traded below the 23.6% Fib retracement level of the recent wave from the $3,289 swing low to $3,551 high. On the downside, the first major support is near the $3,420 level. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent wave from the $3,289 swing low to $3,551 high is also near the $3,420 level. The main support is now forming near the $3,400 level. There is also a major bullish trend line forming with support near $3,390 on the hourly chart of ETH\/USD. Any more losses might call for a drop towards the $3,250 support zone in the near term. More Upsides in ETH? If Ethereum remains stable above the $3,400 zone, it could start a fresh increase. An immediate resistance on the upside is near the $3,500 level. A successful close above the $3,500 level could lead ether price towards the $3,550 level. The next key resistance is near $3,620, above which the bulls might aim a test of the $3,750 level in the coming days. 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 correcting lower and it is approaching the 50 level. Major Support Level \u2013 $3,400 Major Resistance Level \u2013 $3,550<\/p>\n","protected":false},"author":67,"featured_media":463156,"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-463154","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 Gains Traction<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Upsides in ETH?<\/h2>\n