ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next key resistance sits at $3,940, above which the price might gain traction and rise toward the $4,000 level. If there is a clear move above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,200 resistance zone.<\/p>\n
Another Decline In ETH?<\/h2>\n If Ethereum fails to clear the $3,840 resistance, it could start another downside correction. Initial support on the downside is near the $3,720 level and the trend line.<\/p>\n
The next major support is near the $3,620 zone. A clear move below the $3,620 support might push the price toward $3,550. Any more losses might send the price toward the $3,390 level in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is still above the 50 zone.<\/p>\nMajor Support Level \u2013 $3,720<\/p>\n
Major Resistance Level \u2013 $3,880<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term. Ethereum started a consolidation after it rallied toward the $3,940 resistance zone. The price is trading above $3,720 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,620 support. Ethereum Price Eyes More Gains Ethereum price extended its increase above the $3,700 and $3,750 resistance levels. ETH outperformed Bitcoin and even climbed above the $3,880 level. A new weekly high was formed at $3,943 before there was a sharp decline. The price dived below the $3,800 and $3,750 levels. A low was formed at $3,530 level and the price recovered most losses. It is back above the 50% Fib retracement level of the downward move from the $3,943 swing high to the $3,530 low. Ethereum is now trading above $3,720 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,720 on the hourly chart of ETH\/USD. Immediate resistance is near the $3,845 level or the 76.4% Fib retracement level of the downward move from the $3,943 swing high to the $3,530 low. The first major resistance is near the $3,880 level. An upside break above the $3,880 resistance might send the price higher. The next key resistance sits at $3,940, above which the price might gain traction and rise toward the $4,000 level. If there is a clear move above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,200 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,840 resistance, it could start another downside correction. Initial support on the downside is near the $3,720 level and the trend line. The next major support is near the $3,620 zone. A clear move below the $3,620 support might push the price toward $3,550. Any more losses might send the price toward the $3,390 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is still above the 50 zone. Major Support Level \u2013 $3,720 Major Resistance Level \u2013 $3,880<\/p>\n","protected":false},"author":67,"featured_media":609585,"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":[65296,1946,8686,78803],"class_list":["post-609583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Price Dips, Then Rips: Exciting Trading Opportunities Ahead<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n