{"id":460009,"date":"2021-03-31T05:08:48","date_gmt":"2021-03-31T05:08:48","guid":{"rendered":"https:\/\/wncen.com\/?p=460009"},"modified":"2024-06-11T11:03:06","modified_gmt":"2024-06-11T11:03:06","slug":"ta-ethereum-bulls-keeps-pushing-why-rally-isnt-over-yet","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ta-ethereum-bulls-keeps-pushing-why-rally-isnt-over-yet\/","title":{"rendered":"TA: Ethereum Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet 2021-03-31"},"content":{"rendered":"
Ethereum extended its rise above the $1,820 resistance against the US Dollar. ETH price is currently correcting lower from $1,860, but it might find bids near $1,780.<\/em><\/p>\n Ethereum remained in a bullish zone above the $1,750 zone, similar to bitcoin<\/a>. ETH broke the $1,800 and $1,820 resistance levels to move further into a positive zone.<\/p>\n The price even spiked above the $1,850 resistance and it settled nicely above the 100 hourly simple moving average. A high is formed near $1,863 and the price is currently correcting lower. There was a break below the $1,850 pivot level<\/a>.<\/p>\n Ether even declined below the 50% Fib retracement level of the recent increase from the $1,787 swing low to $1,863 high. It is now testing the $1,820 support zone.<\/p>\n <\/a><\/p>\n The 61.8% Fib retracement level of the recent increase from the $1,787 swing low to $1,863 high is also near $1,816. Moreover, there is a key bullish trend line forming with support near $1,755 on the hourly chart of ETH\/USD.<\/p>\n On the upside, the $1,850 and $1,860 levels are key barriers for the bulls. A clear break above the $1,850 resistance and a follow up move above the $1,863 could set the pace for a test of $1,900.<\/p>\n If Ethereum fails to climb above the $1,850 and $1,860 resistance levels, it could correct lower. An initial support on the downside is near the $1,820 level.<\/p>\n The first major support is near the $1,800 level. The main support is now forming near the $1,750 level, the trend line, and the 100 hourly simple moving average. Any more losses may possibly open the doors for a move towards the $1,700 and $1,650 support levels.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining momentum in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now declining towards the 50 level.<\/p>\n Major Support Level \u2013 $1,750<\/p>\n Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its rise above the $1,820 resistance against the US Dollar. ETH price is currently correcting lower from $1,860, but it might find bids near $1,780. Ethereum extended its upward move above the $1,820 level and it even spiked above $1,850. The price is now well above the $1,780 support and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,755 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to remain active near $1,750. Ethereum Price Remains In Uptrend Ethereum remained in a bullish zone above the $1,750 zone, similar to bitcoin. ETH broke the $1,800 and $1,820 resistance levels to move further into a positive zone. The price even spiked above the $1,850 resistance and it settled nicely above the 100 hourly simple moving average. A high is formed near $1,863 and the price is currently correcting lower. There was a break below the $1,850 pivot level. Ether even declined below the 50% Fib retracement level of the recent increase from the $1,787 swing low to $1,863 high. It is now testing the $1,820 support zone. Source: ETHUSD on TradingView.com The 61.8% Fib retracement level of the recent increase from the $1,787 swing low to $1,863 high is also near $1,816. Moreover, there is a key bullish trend line forming with support near $1,755 on the hourly chart of ETH\/USD. On the upside, the $1,850 and $1,860 levels are key barriers for the bulls. A clear break above the $1,850 resistance and a follow up move above the $1,863 could set the pace for a test of $1,900. Dips Limited in ETH? If Ethereum fails to climb above the $1,850 and $1,860 resistance levels, it could correct lower. An initial support on the downside is near the $1,820 level. The first major support is near the $1,800 level. The main support is now forming near the $1,750 level, the trend line, and the 100 hourly simple moving average. Any more losses may possibly open the doors for a move towards the $1,700 and $1,650 support levels. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now declining towards the 50 level. Major Support Level \u2013 $1,750 Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"author":67,"featured_media":460011,"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-460009","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 In Uptrend<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n