{"id":473438,"date":"2021-10-11T09:48:53","date_gmt":"2021-10-11T09:48:53","guid":{"rendered":"https:\/\/wncen.com\/?p=473438"},"modified":"2024-06-11T13:59:21","modified_gmt":"2024-06-11T13:59:21","slug":"ethereum-significant-surge-3600","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-significant-surge-3600\/","title":{"rendered":"TA: Ethereum Breaking This Resistance Could Spark a Significant Surge"},"content":{"rendered":"
Ethereum corrected lower below $3,500 against the US Dollar. ETH price remained supported and it is now eyeing a key upside break above the $3,650 resistance.<\/em><\/p>\n Ethereum started a downside correction from the $3,634 swing high. ETH traded below the $3,550 support level and the 100 hourly simple moving average<\/a>.<\/p>\n However, the price remained well bid above the $3,350 support. A low was formed near $3,375 and the price started a fresh increase. There was a clear break above the $3,500 and $3,550 resistance levels. Ether surpassed the 50% Fib retracement level of the downward move from the $3,634 swing high to $3,375 low.<\/p>\n There was also a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH\/USD. The pair is now trading above $3,550 and the 100 hourly simple moving average.<\/p>\n <\/a><\/p>\n It is also well above the 76.4% Fib retracement level of the downward move from the $3,634 swing high to $3,375 low. An immediate resistance on the upside is near the $3,600 level. The first major resistance is near the $3,620 level.<\/p>\n The next major resistance is near the $3,650 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,720 level. The next key resistance might be $3,800.<\/p>\n\n
Ethereum Price Eyes Key Upside Break<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n