{"id":463438,"date":"2021-05-10T04:08:43","date_gmt":"2021-05-10T04:08:43","guid":{"rendered":"https:\/\/wncen.com\/?p=463438"},"modified":"2024-06-11T13:55:38","modified_gmt":"2024-06-11T13:55:38","slug":"ethereum-eth-smashes-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eth-smashes-4k\/","title":{"rendered":"TA: Ethereum Smashes $4K, Why ETH Is Not Done Yet"},"content":{"rendered":"
Ethereum extended its rally and it traded to a new all-time high above $4,000 against the US Dollar. ETH price is showing a lot of positive signs and it is likely to climb above $4,100.<\/em><\/p>\n Ethereum remained well supported above the $3,750 zone. The last swing low was formed near $3,722 before ETH price started a fresh increase. It outpaced bitcoin<\/a> and it broke the $3,900 resistance to start a fresh rally.<\/p>\n It even climbed above the $3,950 level and a connecting bearish trend line on the hourly chart. The pair extended its rally above $4,000 and it traded to a new all-time high near $4,030. Ether price is now trading well above $3,950 and the 100 hourly simple moving average<\/a>.<\/p>\n The current price action is very positive, with an immediate resistance at $4,050. It is close to the 1.236 Fib extension level of the downward move from the $3,985 high to $3,722 low.<\/p>\n <\/a><\/p>\n The first major resistance is near the $4,150 level. It represents the 1.618 Fib extension level of the downward move from the $3,985 high to $3,722 low. Any more gains could set the pace for a strong upward move towards the $4,200 and $4,250 levels in the near term. The next major stop for the bulls may possibly be $4,500.<\/p>\n If Ethereum fails to continue higher towards $4,150, it could start a downside correction. An initial support on the downside is near the $3,950 level.<\/p>\n The first key support is near the $3,920 level. There is also a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH\/USD. If there is a downside break below the trend line, the pair could dive towards the $3,800 support zone.<\/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 well above the 60 level.<\/p>\n Major Support Level \u2013 $3,920<\/p>\n Major Resistance Level \u2013 $4,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its rally and it traded to a new all-time high above $4,000 against the US Dollar. ETH price is showing a lot of positive signs and it is likely to climb above $4,100. Ethereum extended its rally above $3,900 and it traded to a new all-time high near $4,030. The price is now trading well above $3,950 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher towards the $4,100 and $4,150 resistance levels. Ethereum Price Rallies Further Ethereum remained well supported above the $3,750 zone. The last swing low was formed near $3,722 before ETH price started a fresh increase. It outpaced bitcoin and it broke the $3,900 resistance to start a fresh rally. It even climbed above the $3,950 level and a connecting bearish trend line on the hourly chart. The pair extended its rally above $4,000 and it traded to a new all-time high near $4,030. Ether price is now trading well above $3,950 and the 100 hourly simple moving average. The current price action is very positive, with an immediate resistance at $4,050. It is close to the 1.236 Fib extension level of the downward move from the $3,985 high to $3,722 low. Source: ETHUSD on TradingView.com The first major resistance is near the $4,150 level. It represents the 1.618 Fib extension level of the downward move from the $3,985 high to $3,722 low. Any more gains could set the pace for a strong upward move towards the $4,200 and $4,250 levels in the near term. The next major stop for the bulls may possibly be $4,500. Dips Supported in ETH? If Ethereum fails to continue higher towards $4,150, it could start a downside correction. An initial support on the downside is near the $3,950 level. The first key support is near the $3,920 level. There is also a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH\/USD. If there is a downside break below the trend line, the pair could dive towards the $3,800 support zone. 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 well above the 60 level. Major Support Level \u2013 $3,920 Major Resistance Level \u2013 $4,150<\/p>\n","protected":false},"author":67,"featured_media":463440,"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-463438","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 Rallies Further<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in ETH?<\/h2>\n