{"id":477325,"date":"2021-11-25T05:38:12","date_gmt":"2021-11-25T05:38:12","guid":{"rendered":"https:\/\/wncen.com\/?p=477325"},"modified":"2024-06-11T11:44:56","modified_gmt":"2024-06-11T11:44:56","slug":"thereum-prints-bullish-pattern-4-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/thereum-prints-bullish-pattern-4-5k\/","title":{"rendered":"TA: Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K"},"content":{"rendered":"
Ethereum is stable above the $4,250 pivot level against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,350 resistance zone.<\/em><\/p>\n Ethereum formed a base above the $4,150 support level. ETH price started a steady recovery wave above the $4,200 resistance zone to move into short-term positive zone<\/a>.<\/p>\n The price was able to clear the 50% Fib retracement level of the downward move from the $4,386 swing high to $4,169 low. Besides, there was a break above a key contracting triangle with resistance near $4,270 on the hourly chart of ETH\/USD.<\/p>\n The pair is consolidating above $4,250 and the 100 hourly simple moving average<\/a>. An initial resistance on the upside is near the $4,335 level.<\/p>\n The 76.4% Fib retracement level of the downward move from the $4,386 swing high to $4,169 low is also near the $4,330 level. The first major resistance is near the $4,350 level. A close above the $4,330 and $4,350 levels could start a fresh increase in the near term.<\/p>\n <\/a><\/p>\n In the stated case, the price might rise towards the $4,500 level. Any more gains could lift the price towards the $4,650 breakout zone in the near term, where the bears are likely to take a stand.<\/p>\n If ethereum fails to start a fresh increase above the $4,330 level, it could start a fresh decline. An initial support on the downside is near the $4,270 level.<\/p>\n The first key support is now forming near the $4,250 level and the 100 hourly simple moving average. A downside break below the $4,250 support might push the price further lower. In this case, ether price may perhaps decline towards the $4,150 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now correcting lower towards the 50 level.<\/p>\n Major Support Level \u2013 $4,150<\/p>\n Major Resistance Level \u2013 $4,350<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is stable above the $4,250 pivot level against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,350 resistance zone. Ethereum is trading in a bullish zone above the $4,200 level. The price is consolidating above $4,250 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $4,270 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear break above the $4,350 resistance zone. Ethereum Price Is Rising Ethereum formed a base above the $4,150 support level. ETH price started a steady recovery wave above the $4,200 resistance zone to move into short-term positive zone. The price was able to clear the 50% Fib retracement level of the downward move from the $4,386 swing high to $4,169 low. Besides, there was a break above a key contracting triangle with resistance near $4,270 on the hourly chart of ETH\/USD. The pair is consolidating above $4,250 and the 100 hourly simple moving average. An initial resistance on the upside is near the $4,335 level. The 76.4% Fib retracement level of the downward move from the $4,386 swing high to $4,169 low is also near the $4,330 level. The first major resistance is near the $4,350 level. A close above the $4,330 and $4,350 levels could start a fresh increase in the near term. Source: ETHUSD on TradingView.com In the stated case, the price might rise towards the $4,500 level. Any more gains could lift the price towards the $4,650 breakout zone in the near term, where the bears are likely to take a stand. Fresh Drop in ETH? If ethereum fails to start a fresh increase above the $4,330 level, it could start a fresh decline. An initial support on the downside is near the $4,270 level. The first key support is now forming near the $4,250 level and the 100 hourly simple moving average. A downside break below the $4,250 support might push the price further lower. In this case, ether price may perhaps decline towards the $4,150 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now correcting lower towards the 50 level. Major Support Level \u2013 $4,150 Major Resistance Level \u2013 $4,350<\/p>\n","protected":false},"author":67,"featured_media":463558,"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-477325","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 Rising<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Drop in ETH?<\/h2>\n