{"id":473066,"date":"2021-10-05T05:08:44","date_gmt":"2021-10-05T05:08:44","guid":{"rendered":"https:\/\/wncen.com\/?p=473066"},"modified":"2024-06-11T13:59:12","modified_gmt":"2024-06-11T13:59:12","slug":"ethereum-could-see-liftoff-3500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-could-see-liftoff-3500\/","title":{"rendered":"TA: Ethereum Could See \u201cLiftoff\u201d if It\u2019s Able to Hold One Crucial Level"},"content":{"rendered":"
Ethereum started a steady increase above $3,250 and $3,300 against the US Dollar. ETH price is now struggling to gain strength above $3,400 and $3,450.<\/em><\/p>\n Ethereum gained strength for a move above the $3,200 level. ETH even climbed above the $3,300 level and the 100 hourly simple moving average. However, the price failed near the $3,500 zone.<\/p>\n A high was formed near $3,489 before there was a downside correction, similar to bitcoin<\/a>. The price corrected lower below the $3,350 support level. However, the bulls were active near the $3,275 level and the 100 hourly simple moving average<\/a>.<\/p>\n A low was formed near $3,275 and the price started a fresh increase. There was a break above the $3,350 resistance level. Ether climbed above the 50% Fib retracement level of the downward move from the $3,489 swing high to $3,275 low.<\/p>\n There was also a break above a declining channel with resistance near $3,380 on the hourly chart of ETH\/USD. It is now consolidating near the $3,380 zone.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $3,420 level. The first major resistance is near the $3,440 level. It is near the 76.4% Fib retracement level of the downward move from the $3,489 swing high to $3,275 low. The next major resistance is near the $3,500 level, above which the price might accelerate towards $3,700.<\/p>\n If ethereum fails to continue higher above the $3,420 and $3,440 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,350 level.<\/p>\n The first key support is now forming near the $3,300 level and the 100 hourly simple moving average. If ether fails to stay above $3,300 and $3,275, it could continue to move down. The next major support could be near the $3,200 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is just above the 50 level.<\/p>\n Major Support Level \u2013 $3,275<\/p>\n Major Resistance Level \u2013 $3,440<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a steady increase above $3,250 and $3,300 against the US Dollar. ETH price is now struggling to gain strength above $3,400 and $3,450. Ethereum started a downside correction after it faced sellers near the $3,500 zone. The price is now trading above $3,200 and the 100 hourly simple moving average. There was a break above a declining channel with resistance near $3,380 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,275 support. Ethereum Price Gains Pace Ethereum gained strength for a move above the $3,200 level. ETH even climbed above the $3,300 level and the 100 hourly simple moving average. However, the price failed near the $3,500 zone. A high was formed near $3,489 before there was a downside correction, similar to bitcoin. The price corrected lower below the $3,350 support level. However, the bulls were active near the $3,275 level and the 100 hourly simple moving average. A low was formed near $3,275 and the price started a fresh increase. There was a break above the $3,350 resistance level. Ether climbed above the 50% Fib retracement level of the downward move from the $3,489 swing high to $3,275 low. There was also a break above a declining channel with resistance near $3,380 on the hourly chart of ETH\/USD. It is now consolidating near the $3,380 zone. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,420 level. The first major resistance is near the $3,440 level. It is near the 76.4% Fib retracement level of the downward move from the $3,489 swing high to $3,275 low. The next major resistance is near the $3,500 level, above which the price might accelerate towards $3,700. Dips Limited in ETH? If ethereum fails to continue higher above the $3,420 and $3,440 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,350 level. The first key support is now forming near the $3,300 level and the 100 hourly simple moving average. If ether fails to stay above $3,300 and $3,275, it could continue to move down. The next major support could be near the $3,200 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is just above the 50 level. Major Support Level \u2013 $3,275 Major Resistance Level \u2013 $3,440<\/p>\n","protected":false},"author":67,"featured_media":462958,"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-473066","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 Gains Pace<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n