{"id":477432,"date":"2021-11-26T06:08:38","date_gmt":"2021-11-26T06:08:38","guid":{"rendered":"https:\/\/wncen.com\/?p=477432"},"modified":"2024-06-11T14:09:18","modified_gmt":"2024-06-11T14:09:18","slug":"ethereum-gains-momentum-4500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-gains-momentum-4500\/","title":{"rendered":"TA: Ethereum Gains Momentum, Dips Turn Attractive In Near-Term"},"content":{"rendered":"
Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone.<\/em><\/p>\n Ethereum extended increase above the $4,350 resistance level<\/a>. ETH price even broke the $4,440 level and settled well above the 100 hourly simple moving average.<\/p>\n There was a steady increase and the even climbed above $4,500. A high was formed near $4,552 and the price is now correcting lower. It traded below the $4,500 level. There was a break below the 23.6% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high.<\/p>\n Ether price is now well above $4,250 and the 100 hourly simple moving average<\/a>. There is also a major bullish trend line forming with support near $4,360 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n An initial resistance on the upside is near the $4,500 level. The first major resistance is near the $4,550 level. A close above the $4,500 and $4,550 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,620 level. Any more gains could lift the price towards the $4,750 zone in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $4,500 level, it could extend its downside correction. An initial support on the downside is near the $4,400 level.<\/p>\n The first key support is now forming near the $4,350 level, the trend line, and the 100 hourly simple moving average. The trend line is near the 50% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. A downside break below the trend line could lead the price towards the $4,250 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now correcting lower towards the 40 level.<\/p>\n Major Support Level \u2013 $4,350<\/p>\n Major Resistance Level \u2013 $4,550<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level. The price is now well above $4,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $4,360 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,350 support level in the near term. Ethereum Price Extends Gains Ethereum extended increase above the $4,350 resistance level. ETH price even broke the $4,440 level and settled well above the 100 hourly simple moving average. There was a steady increase and the even climbed above $4,500. A high was formed near $4,552 and the price is now correcting lower. It traded below the $4,500 level. There was a break below the 23.6% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. Ether price is now well above $4,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $4,360 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com An initial resistance on the upside is near the $4,500 level. The first major resistance is near the $4,550 level. A close above the $4,500 and $4,550 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,620 level. Any more gains could lift the price towards the $4,750 zone in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,500 level, it could extend its downside correction. An initial support on the downside is near the $4,400 level. The first key support is now forming near the $4,350 level, the trend line, and the 100 hourly simple moving average. The trend line is near the 50% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. A downside break below the trend line could lead the price towards the $4,250 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now correcting lower towards the 40 level. Major Support Level \u2013 $4,350 Major Resistance Level \u2013 $4,550<\/p>\n","protected":false},"author":67,"featured_media":463650,"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-477432","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 Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n