{"id":487544,"date":"2022-04-05T05:08:44","date_gmt":"2022-04-05T05:08:44","guid":{"rendered":"https:\/\/wncen.com\/?p=487544"},"modified":"2024-06-11T14:18:56","modified_gmt":"2024-06-11T14:18:56","slug":"ethereum-gearing-lift-off-3750","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-gearing-lift-off-3750\/","title":{"rendered":"TA: Ethereum Gearing For Another Lift-Off, Why ETH Could Test $3,750"},"content":{"rendered":"
Ethereum remained stable above the $3,400 level against the US Dollar. ETH price is rising and eyeing an upside break above the $3,550 resistance zone.<\/em><\/p>\n Ethereum extended decline below the $3,440 level. However, ETH bulls again protected a downside break below the $3,400 support<\/a>. The bulls were also active near the 50% Fib retracement level of the key increase from the $3,215 swing low to $3,580 high.<\/p>\n It seems like a double bottom pattern was formed near $3,400 and the price started a fresh increase. There was a move above the $3,500 level and the 100 hourly simple moving average<\/a>.<\/p>\n The price is now facing resistance near the $3,525 level. There is also a connecting bearish trend line forming with resistance near $3,530 on the hourly chart of ETH\/USD. The next major resistance is near the $3,580 level. If ether price clears the $3,580 resistance zone, it could start a major increase.<\/p>\n <\/a><\/p>\n In the stated case, the price could climb above the $3,600 zone. The next major stop for the bulls on the upside may perhaps be $3,750 in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $3,580 level, it could start another downside correction. An initial support on the downside is near the $3,450 zone and the 100 hourly simple moving average.<\/p>\n The next major support is near the $3,400 level. If there is a downside break below the $3,400 support, the price could test $3,350. It is near the 61.8% Fib retracement level of the key increase from the $3,215 swing low to $3,580 high. Any more losses may perhaps set the pace for a move towards the $3,220 support zone.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $3,400<\/p>\n Major Resistance Level \u2013 $3,580<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum remained stable above the $3,400 level against the US Dollar. ETH price is rising and eyeing an upside break above the $3,550 resistance zone. Ethereum started a fresh increase after it tested the $3,400 support zone. The price is now trading above $3,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $3,530 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a steady increase if it clears the trend line and $3,550. Ethereum Price Eyes Upside Break Ethereum extended decline below the $3,440 level. However, ETH bulls again protected a downside break below the $3,400 support. The bulls were also active near the 50% Fib retracement level of the key increase from the $3,215 swing low to $3,580 high. It seems like a double bottom pattern was formed near $3,400 and the price started a fresh increase. There was a move above the $3,500 level and the 100 hourly simple moving average. The price is now facing resistance near the $3,525 level. There is also a connecting bearish trend line forming with resistance near $3,530 on the hourly chart of ETH\/USD. The next major resistance is near the $3,580 level. If ether price clears the $3,580 resistance zone, it could start a major increase. Source: ETHUSD on TradingView.com In the stated case, the price could climb above the $3,600 zone. The next major stop for the bulls on the upside may perhaps be $3,750 in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $3,580 level, it could start another downside correction. An initial support on the downside is near the $3,450 zone and the 100 hourly simple moving average. The next major support is near the $3,400 level. If there is a downside break below the $3,400 support, the price could test $3,350. It is near the 61.8% Fib retracement level of the key increase from the $3,215 swing low to $3,580 high. Any more losses may perhaps set the pace for a move towards the $3,220 support zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,400 Major Resistance Level \u2013 $3,580<\/p>\n","protected":false},"author":67,"featured_media":458266,"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-487544","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 Eyes Upside Break<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n