{"id":474164,"date":"2021-10-20T05:08:41","date_gmt":"2021-10-20T05:08:41","guid":{"rendered":"https:\/\/wncen.com\/?p=474164"},"modified":"2024-06-11T13:59:37","modified_gmt":"2024-06-11T13:59:37","slug":"ethereum-could-follow-bitcoin-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-could-follow-bitcoin-4k\/","title":{"rendered":"TA: Ethereum Could Follow Bitcoin, Why ETH Could Rally To $4K"},"content":{"rendered":"
Ethereum is consolidating above the $3,800 support zone against the US Dollar. ETH must clear the $3,900 and $3,950 resistance levels to continue higher in the near term.<\/em><\/p>\n Ethereum started a fresh increase above the $3,750 resistance zone. ETH gained pace after it broke the $3,800 resistance zone and the 100 hourly simple moving average<\/a>.<\/p>\n There was also a break above a key contracting triangle forming with resistance near $3,820 on the hourly chart of ETH\/USD. The pair even spiked above $3,880, but there was no upside continuation above $3,920. A high was formed near $3,900 and it is now consolidating gains.<\/p>\n There was a break below the $3,850 level. Ether price traded below the 23.6% Fib retracement level of the upward move from the $3,742 swing low to $3,900 high.<\/p>\n It is now trading above $3,800 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $3,880 level. The next major resistance<\/a> is near the $3,900 level, above which the price might start a fresh rally.<\/p>\n <\/a><\/p>\n The next key resistance is near the $3,920 level. Any more gains could increase the chances of a move above the $4,000 level. In the stated case, the price might rise towards the $4,120 level.<\/p>\n If ethereum fails to continue higher above the $3,880 and $3,900 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,820 level.<\/p>\n The 50% Fib retracement level of the upward move from the $3,742 swing low to $3,900 high is also near the $3,820 level. Any more downsides could lead the price towards the $3,780 support and the 100 hourly SMA. The next key support is near $3,750.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is 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 $3,820<\/p>\n Major Resistance Level \u2013 $3,900<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is consolidating above the $3,800 support zone against the US Dollar. ETH must clear the $3,900 and $3,950 resistance levels to continue higher in the near term. Ethereum started a fresh increase above the $3,800 and $3,820 resistance levels. The price is now trading above $3,800 and the 100 hourly simple moving average. There was a break above a key contracting triangle forming with resistance near $3,820 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh rally if it clears the key $3,900 resistance zone. Ethereum Price Eyes Upside Break Ethereum started a fresh increase above the $3,750 resistance zone. ETH gained pace after it broke the $3,800 resistance zone and the 100 hourly simple moving average. There was also a break above a key contracting triangle forming with resistance near $3,820 on the hourly chart of ETH\/USD. The pair even spiked above $3,880, but there was no upside continuation above $3,920. A high was formed near $3,900 and it is now consolidating gains. There was a break below the $3,850 level. Ether price traded below the 23.6% Fib retracement level of the upward move from the $3,742 swing low to $3,900 high. It is now trading above $3,800 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $3,880 level. The next major resistance is near the $3,900 level, above which the price might start a fresh rally. Source: ETHUSD on TradingView.com The next key resistance is near the $3,920 level. Any more gains could increase the chances of a move above the $4,000 level. In the stated case, the price might rise towards the $4,120 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,880 and $3,900 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,820 level. The 50% Fib retracement level of the upward move from the $3,742 swing low to $3,900 high is also near the $3,820 level. Any more downsides could lead the price towards the $3,780 support and the 100 hourly SMA. The next key support is near $3,750. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,820 Major Resistance Level \u2013 $3,900<\/p>\n","protected":false},"author":67,"featured_media":460745,"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-474164","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 Upside Break<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n