{"id":479837,"date":"2021-12-27T05:08:53","date_gmt":"2021-12-27T05:08:53","guid":{"rendered":"https:\/\/wncen.com\/?p=479837"},"modified":"2024-06-11T14:10:11","modified_gmt":"2024-06-11T14:10:11","slug":"ethereum-liftoff-crucial-level-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-liftoff-crucial-level-4k\/","title":{"rendered":"TA: Ethereum is About to See \u201cLiftoff\u201d if It\u2019s Able to Hold One Crucial Level 2021-12-27"},"content":{"rendered":"
Ethereum corrected lower from the $4,150 resistance zone against the US Dollar. ETH price is holding the $4,000 support and could start a fresh increase.<\/em><\/p>\n Ethereum attempted an upside break above the $4,150 resistance zone<\/a> but failed. ETH started a downside correction and traded below $4,100.<\/p>\n There was a break below the 23.6% Fib retracement level of the upward move from the $3,895 swing low to $4,155 high. The price even spiked below $4,050 and the 100 hourly simple moving average. However, the bulls remained active near the $4,000 level.<\/p>\n The 50% Fib retracement level of the upward move from the $3,895 swing low to $4,155 high also acted as a support. It is now rising and trading above the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $4,100 level. There is also a key bearish trend line forming with resistance near $4,100 on the hourly chart of ETH\/USD. The next major resistance is near the $4,155 level. A clear upside break above the $4,155 level could start another major increase in the near term. In the stated case, the price could rise towards the $4,250 level. Any more gains could send the price towards the $4,350 level.<\/p>\n If ethereum fails to start a fresh increase above the $4,100 level, it could correct further lower. An initial support on the downside is near the $4,040 level and the 100 hourly SMA.<\/p>\n The first key support is now forming near the $4,000 level. A downside break below the $4,040 and $4,000 levels could put a lot of pressure on the bulls. In the stated case, the price could decline towards the $3,920 support zone in the near term.<\/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 above the 50 level.<\/p>\n Major Support Level \u2013 $4,000<\/p>\n Major Resistance Level \u2013 $4,155<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum corrected lower from the $4,150 resistance zone against the US Dollar. ETH price is holding the $4,000 support and could start a fresh increase. Ethereum is trading above the $4,000 and $4,050 support levels. The price is trading above $4,040 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $4,100 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above $4,000 to continue higher in the near term. Ethereum Price Holds Key Support Ethereum attempted an upside break above the $4,150 resistance zone but failed. ETH started a downside correction and traded below $4,100. There was a break below the 23.6% Fib retracement level of the upward move from the $3,895 swing low to $4,155 high. The price even spiked below $4,050 and the 100 hourly simple moving average. However, the bulls remained active near the $4,000 level. The 50% Fib retracement level of the upward move from the $3,895 swing low to $4,155 high also acted as a support. It is now rising and trading above the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $4,100 level. There is also a key bearish trend line forming with resistance near $4,100 on the hourly chart of ETH\/USD. The next major resistance is near the $4,155 level. A clear upside break above the $4,155 level could start another major increase in the near term. In the stated case, the price could rise towards the $4,250 level. Any more gains could send the price towards the $4,350 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,100 level, it could correct further lower. An initial support on the downside is near the $4,040 level and the 100 hourly SMA. The first key support is now forming near the $4,000 level. A downside break below the $4,040 and $4,000 levels could put a lot of pressure on the bulls. In the stated case, the price could decline towards the $3,920 support zone in the near term. 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 above the 50 level. Major Support Level \u2013 $4,000 Major Resistance Level \u2013 $4,155<\/p>\n","protected":false},"author":67,"featured_media":464831,"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-479837","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 Holds Key Support<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n