{"id":468938,"date":"2021-08-10T05:08:44","date_gmt":"2021-08-10T05:08:44","guid":{"rendered":"https:\/\/wncen.com\/?p=468938"},"modified":"2024-06-11T13:57:35","modified_gmt":"2024-06-11T13:57:35","slug":"ethereum-gearing-for-lift-off-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-gearing-for-lift-off-3200\/","title":{"rendered":"TA: Ethereum (ETH) Gearing For Another Lift-Off, 100 SMA Is The Key"},"content":{"rendered":"
Ethereum started a fresh increase above the $3,000 resistance against the US Dollar. ETH price is now consolidating gains and it could surge further above $3,200.<\/em><\/p>\n Ethereum started a minor downside correction below the $3,000 support. However, ETH price remained well bid near the $2,900 level and the 100 hourly simple moving average<\/a>.<\/p>\n A low was formed near $2,891 and the price started a fresh increase, similar to bitcoin<\/a>. Ether was able to climb back above the $3,000 and $3,050 resistance levels. There was a break above a key bearish trend line with resistance near $2,980 on the hourly chart of ETH\/USD.<\/p>\n The pair even cleared the $3,150 level, but it is again struggling to clear the $3,200 resistance zone. A high is formed near $3,191 and the price is now consolidating gains. There was a break below the 23.6% Fib retracement level of the recent wave from the $2,891 swing low to $3,191 high.<\/p>\n Ether tested the $3,050 support, where the bulls appeared. The 50% Fib retracement level of the recent wave from the $2,891 swing low to $3,191 high is also near $3,050. On the upside, an immediate resistance is near the $3,150 level. The next key resistance is near the $3,200 level.<\/p>\n <\/a><\/p>\n A clear break and close above the $3,180 and $3,200 resistance levels might start another increase. In the stated case, the price could rally above $3,300. The next stop for the bulls may possibly be near the $3,480 level.<\/p>\n If ethereum fails to continue higher above the $3,180 and $3,200 resistance levels, it could start a fresh downside correction. An immediate support on the downside is near the $3,080 level.<\/p>\n The next major support is near the $3,040 level. The main support is now forming near $3,000 and the 100 hourly SMA. Any more losses could lead the price towards the $2,880 support zone.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing 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 $3,040<\/p>\n Major Resistance Level \u2013 $3,200<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a fresh increase above the $3,000 resistance against the US Dollar. ETH price is now consolidating gains and it could surge further above $3,200. Ethereum found support near $2,900 and it started a fresh increase. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,980 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to resume its rally once it clears the $3,200 and $3,300 resistance levels. Ethereum Price Eyes More Upsides Ethereum started a minor downside correction below the $3,000 support. However, ETH price remained well bid near the $2,900 level and the 100 hourly simple moving average. A low was formed near $2,891 and the price started a fresh increase, similar to bitcoin. Ether was able to climb back above the $3,000 and $3,050 resistance levels. There was a break above a key bearish trend line with resistance near $2,980 on the hourly chart of ETH\/USD. The pair even cleared the $3,150 level, but it is again struggling to clear the $3,200 resistance zone. A high is formed near $3,191 and the price is now consolidating gains. There was a break below the 23.6% Fib retracement level of the recent wave from the $2,891 swing low to $3,191 high. Ether tested the $3,050 support, where the bulls appeared. The 50% Fib retracement level of the recent wave from the $2,891 swing low to $3,191 high is also near $3,050. On the upside, an immediate resistance is near the $3,150 level. The next key resistance is near the $3,200 level. Source: ETHUSD on TradingView.com A clear break and close above the $3,180 and $3,200 resistance levels might start another increase. In the stated case, the price could rally above $3,300. The next stop for the bulls may possibly be near the $3,480 level. Dips Supported in ETH? If ethereum fails to continue higher above the $3,180 and $3,200 resistance levels, it could start a fresh downside correction. An immediate support on the downside is near the $3,080 level. The next major support is near the $3,040 level. The main support is now forming near $3,000 and the 100 hourly SMA. Any more losses could lead the price towards the $2,880 support zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,040 Major Resistance Level \u2013 $3,200<\/p>\n","protected":false},"author":67,"featured_media":458538,"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-468938","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 More Upsides<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in ETH?<\/h2>\n