{"id":462421,"date":"2021-04-27T07:08:51","date_gmt":"2021-04-27T07:08:51","guid":{"rendered":"https:\/\/wncen.com\/?p=462421"},"modified":"2024-06-11T13:55:16","modified_gmt":"2024-06-11T13:55:16","slug":"ta-ethereum-gains-momentum-heres-here-chances-of-a-run-to-3k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ta-ethereum-gains-momentum-heres-here-chances-of-a-run-to-3k\/","title":{"rendered":"TA: Ethereum Gains Momentum, Here\u2019s Here Chances of a Run To $3K"},"content":{"rendered":"
Ethereum remained well bid and it broke the $2,500 resistance zone against the US Dollar. ETH price is likely to accelerate higher above $2,550 and $2,600 in the near term.<\/em><\/p>\n Ethereum gained pace and it settled nicely above the $2,400 resistance zone. ETH even cleared the $2,450 resistance and settled well above the 100 hourly simple moving average<\/a>.<\/p>\n There was a clear break above the $2,500 level and the price tested the $2,550 zone. A high is formed near $2,545 and the price is consolidating gains. There is a key rising channel forming with support near $2,480 on the hourly chart of ETH\/USD.<\/p>\n The channel support is close to the 23.6% Fib retracement level of the recent wave from the $2,175 low to $2,545 high. On the upside, the price is facing a major hurdle<\/a> near the $2,550 level. A clear break above the channel resistance could set the pace for a test of the $2,650 zone.<\/p>\n <\/a><\/p>\n Any more gains could open the doors for a new all-time high above $2,700. In the stated case, ether price may possibly rise towards the $3,000 level. An intermediate resistance is also near the $2,800 zone.<\/p>\n If Ethereum fails to extend gains above $2,550, there could be a downside correction. An immediate support is near the $2,480 level and the channel trend line.<\/p>\n A downside break below the channel support could lead the price towards the $2,400 level and the 100 hourly simple moving average. Any more losses could lead the price towards the $2,350 zone in the coming sessions. An intermediate is near the $2,380 level, where the bulls are likely to take a strong stand.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 50 level.<\/p>\n Major Support Level \u2013 $2,450<\/p>\n Major Resistance Level \u2013 $2,550<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum remained well bid and it broke the $2,500 resistance zone against the US Dollar. ETH price is likely to accelerate higher above $2,550 and $2,600 in the near term. Ethereum is trading in a bullish zone above the $2,500 support level. The price is now trading well above $2,450 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,480 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to rise further above the $2,550 and $2,600 levels in the near term. Ethereum Price Extends Gains Ethereum gained pace and it settled nicely above the $2,400 resistance zone. ETH even cleared the $2,450 resistance and settled well above the 100 hourly simple moving average. There was a clear break above the $2,500 level and the price tested the $2,550 zone. A high is formed near $2,545 and the price is consolidating gains. There is a key rising channel forming with support near $2,480 on the hourly chart of ETH\/USD. The channel support is close to the 23.6% Fib retracement level of the recent wave from the $2,175 low to $2,545 high. On the upside, the price is facing a major hurdle near the $2,550 level. A clear break above the channel resistance could set the pace for a test of the $2,650 zone. Source: ETHUSD on TradingView.com Any more gains could open the doors for a new all-time high above $2,700. In the stated case, ether price may possibly rise towards the $3,000 level. An intermediate resistance is also near the $2,800 zone. Dips Limited in ETH? If Ethereum fails to extend gains above $2,550, there could be a downside correction. An immediate support is near the $2,480 level and the channel trend line. A downside break below the channel support could lead the price towards the $2,400 level and the 100 hourly simple moving average. Any more losses could lead the price towards the $2,350 zone in the coming sessions. An intermediate is near the $2,380 level, where the bulls are likely to take a strong stand. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 50 level. Major Support Level \u2013 $2,450 Major Resistance Level \u2013 $2,550<\/p>\n","protected":false},"author":67,"featured_media":462424,"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-462421","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 Extends Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n