{"id":470678,"date":"2021-09-02T05:08:01","date_gmt":"2021-09-02T05:08:01","guid":{"rendered":"https:\/\/wncen.com\/?p=470678"},"modified":"2024-06-11T13:58:14","modified_gmt":"2024-06-11T13:58:14","slug":"ethereum-stages-major-rally-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-stages-major-rally-4k\/","title":{"rendered":"TA: Ethereum Stages Major Rally, Why ETH Could Revisit $4K"},"content":{"rendered":"
Ethereum started a strong rally and it cleared $3,500 against the US Dollar. ETH price even climbed above $3,800 and it could rise further towards $4,000 in the next few days.<\/em><\/p>\n Ethereum remains in a strong uptrend<\/a> above the $3,500 pivot level. ETH gained pace and it was able to surpass the $3,650 resistance level. The price even surpassed $3,750 and settled well above the 100 hourly simple moving average.<\/p>\n Finally, there was a break above $3,800 and the price tested the $3,840 zone. A high is formed near $3,843 and the price is now correcting lower. It traded below the $3,800 level.<\/p>\n There was a break below the 23.6% Fib retracement level of the upward move from the $3,520 swing low to $3,843 high. Ether price is now consolidating near the $3,750 level. It is also trading well above $3,700 and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n There is also a key bullish trend line forming with support near $3,600 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $3,800 level. The first major resistance is near the $3,850 level. If there is a clear break above the $3,850 level, the price could accelerate higher towards the $3,900 level. The next main resistance is near the $4,000 level.<\/p>\n If ethereum fails to continue higher above the $3,800 and $3,850 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,700 level.<\/p>\n The next major support is now forming near the $3,680 zone. It is close to the 50% Fib retracement level of the upward move from the $3,520 swing low to $3,843 high. A downside break below the $3,680 zone could lead the price towards the trend line support at $3,600.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is correcting lower from well above the 70 level.<\/p>\n Major Support Level \u2013 $3,680<\/p>\n Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a strong rally and it cleared $3,500 against the US Dollar. ETH price even climbed above $3,800 and it could rise further towards $4,000 in the next few days. Ethereum started a major increase above the $3,500 and $3,650 resistance levels. The price is now trading above $3,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,600 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could dip in the short-term, but it might find bids near $3,680 or $3,620. Ethereum Price Extends Rally Ethereum remains in a strong uptrend above the $3,500 pivot level. ETH gained pace and it was able to surpass the $3,650 resistance level. The price even surpassed $3,750 and settled well above the 100 hourly simple moving average. Finally, there was a break above $3,800 and the price tested the $3,840 zone. A high is formed near $3,843 and the price is now correcting lower. It traded below the $3,800 level. There was a break below the 23.6% Fib retracement level of the upward move from the $3,520 swing low to $3,843 high. Ether price is now consolidating near the $3,750 level. It is also trading well above $3,700 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com There is also a key bullish trend line forming with support near $3,600 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $3,800 level. The first major resistance is near the $3,850 level. If there is a clear break above the $3,850 level, the price could accelerate higher towards the $3,900 level. The next main resistance is near the $4,000 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,800 and $3,850 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,700 level. The next major support is now forming near the $3,680 zone. It is close to the 50% Fib retracement level of the upward move from the $3,520 swing low to $3,843 high. A downside break below the $3,680 zone could lead the price towards the trend line support at $3,600. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is correcting lower from well above the 70 level. Major Support Level \u2013 $3,680 Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"author":67,"featured_media":462512,"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-470678","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 Extends Rally<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n