{"id":478412,"date":"2021-12-08T05:28:08","date_gmt":"2021-12-08T05:28:08","guid":{"rendered":"https:\/\/wncen.com\/?p=478412"},"modified":"2024-06-11T14:09:37","modified_gmt":"2024-06-11T14:09:37","slug":"ethereum-remains-supported-4250","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-remains-supported-4250\/","title":{"rendered":"Ethereum Remains Supported, What Could Spark Fresh Rally"},"content":{"rendered":"
Ethereum traded above $4,400 before correcting lower against the US Dollar. ETH must stay above $4,150 to start a fresh increase in the near term.<\/em><\/p>\n Ethereum gained pace<\/a> above the $4,000 and $4,150 resistance levels. ETH even broke the $4,250 level and settled well above the 100 hourly simple moving average.<\/p>\n The price climbed above $4,400 and traded as high as $4,426. It is now correcting gains and traded below the $4,350 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $3,901 swing low to $4,426 high.<\/p>\n However, the bulls were active near the $4,250 level and the 100 hourly simple moving average<\/a>. It is now rising and trading above $4,300.<\/p>\n There was a break above a key contracting triangle with resistance near $4,310 on the hourly chart of ETH\/USD. An initial resistance on the upside is near the $4,350 level. The first major resistance is near the $4,400 level. The next major hurdle is near the $4,520 level.<\/p>\n <\/a><\/p>\n A clear move above the $4,420 could send the price further higher. In the stated case, the price could drift towards the $4,550 level in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $4,350 level, it could extend its downside correction. An initial support on the downside is near the $4,300 level. The key support is now forming near the $4,250 level and the 100 hourly simple moving average.<\/p>\n If there is a clear break below the $4,250 support, the price could extend losses. The next major breakdown support is $4,150 or the 50% Fib retracement level of the recent increase from the $3,901 swing low to $4,426 high, below which the price could decline towards $4,000.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 50 level.<\/p>\n Major Support Level \u2013 $4,250<\/p>\n Major Resistance Level \u2013 $4,400<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum traded above $4,400 before correcting lower against the US Dollar. ETH must stay above $4,150 to start a fresh increase in the near term. Ethereum started a fresh upward move above the $4,200 and $4,250 resistance levels. The price is now trading above $4,200 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $4,310 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh rally if it stays above $4,200 and the 100 hourly SMA. Ethereum Price Remains Supported Ethereum gained pace above the $4,000 and $4,150 resistance levels. ETH even broke the $4,250 level and settled well above the 100 hourly simple moving average. The price climbed above $4,400 and traded as high as $4,426. It is now correcting gains and traded below the $4,350 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $3,901 swing low to $4,426 high. However, the bulls were active near the $4,250 level and the 100 hourly simple moving average. It is now rising and trading above $4,300. There was a break above a key contracting triangle with resistance near $4,310 on the hourly chart of ETH\/USD. An initial resistance on the upside is near the $4,350 level. The first major resistance is near the $4,400 level. The next major hurdle is near the $4,520 level. Source: ETHUSD on TradingView.com A clear move above the $4,420 could send the price further higher. In the stated case, the price could drift towards the $4,550 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,350 level, it could extend its downside correction. An initial support on the downside is near the $4,300 level. The key support is now forming near the $4,250 level and the 100 hourly simple moving average. If there is a clear break below the $4,250 support, the price could extend losses. The next major breakdown support is $4,150 or the 50% Fib retracement level of the recent increase from the $3,901 swing low to $4,426 high, below which the price could decline towards $4,000. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 50 level. Major Support Level \u2013 $4,250 Major Resistance Level \u2013 $4,400<\/p>\n","protected":false},"author":67,"featured_media":463056,"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-478412","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 Remains Supported<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n