{"id":478606,"date":"2021-12-10T05:08:09","date_gmt":"2021-12-10T05:08:09","guid":{"rendered":"https:\/\/wncen.com\/?p=478606"},"modified":"2024-06-11T14:09:42","modified_gmt":"2024-06-11T14:09:42","slug":"ethereum-lacking-momentum-4250","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-lacking-momentum-4250\/","title":{"rendered":"Ethereum Lacking Momentum Above $4,300, Why Bulls Are Safe"},"content":{"rendered":"
Ethereum is struggling to gain pace above the $4,300 zone against the US Dollar. ETH price is correcting gains, but it might find support near $4,000.<\/em><\/p>\n Ethereum struggled to gain pace above the $4,320 and $4,350 levels. ETH started a downside correction<\/a> and traded below the $4,300 support zone.<\/p>\n There was a close below $4,300 and the 100 hourly simple moving average<\/a>. Besides, there was a break below a key bullish trend line with support near $4,350 on the hourly chart of ETH\/USD. The pair traded below the 50% Fib retracement level of the upward wave from the $3,900 swing low to $4,450 swing high.<\/p>\n It is now showing a few bearish signs below the $4,200 level. An initial resistance on the upside is near the $4,180 level. The first major resistance is near the $4,220 level.<\/p>\n <\/a><\/p>\n The next major hurdle is near the $4,250 level. A clear break and close above the $4,250 level could stage a steady increase in the near term. In the stated case, the price even surpass the $4,300 resistance in the near term. The next major resistance is near the $4,450 level.<\/p>\n If ethereum fails to start a fresh increase above the $4,250 level, it could extend its downside correction. An initial support on the downside is near the $4,080 level. The key support is now forming near the $4,040 level.<\/p>\n The 76.4% Fib retracement level of the upward wave from the $3,900 swing low to $4,450 swing high is also near the $4,040 support zone. If there is a clear break below the $4,040 support, the price could extend losses. The next major breakdown support is $4,000, below which the price could decline towards $3,800.<\/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 below the 50 level.<\/p>\n Major Support Level \u2013 $4,040<\/p>\n Major Resistance Level \u2013 $4,250<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is struggling to gain pace above the $4,300 zone against the US Dollar. ETH price is correcting gains, but it might find support near $4,000. Ethereum corrected lower below the $4,220 and $4,200 support levels. The price is now trading below $4,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $4,350 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it clears the key $4,300 resistance zone. Ethereum Price Remains Supported Ethereum struggled to gain pace above the $4,320 and $4,350 levels. ETH started a downside correction and traded below the $4,300 support zone. There was a close below $4,300 and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $4,350 on the hourly chart of ETH\/USD. The pair traded below the 50% Fib retracement level of the upward wave from the $3,900 swing low to $4,450 swing high. It is now showing a few bearish signs below the $4,200 level. An initial resistance on the upside is near the $4,180 level. The first major resistance is near the $4,220 level. Source: ETHUSD on TradingView.com The next major hurdle is near the $4,250 level. A clear break and close above the $4,250 level could stage a steady increase in the near term. In the stated case, the price even surpass the $4,300 resistance in the near term. The next major resistance is near the $4,450 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,250 level, it could extend its downside correction. An initial support on the downside is near the $4,080 level. The key support is now forming near the $4,040 level. The 76.4% Fib retracement level of the upward wave from the $3,900 swing low to $4,450 swing high is also near the $4,040 support zone. If there is a clear break below the $4,040 support, the price could extend losses. The next major breakdown support is $4,000, below which the price could decline towards $3,800. 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 below the 50 level. Major Support Level \u2013 $4,040 Major Resistance Level \u2013 $4,250<\/p>\n","protected":false},"author":67,"featured_media":464770,"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-478606","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