{"id":474403,"date":"2021-10-22T05:28:42","date_gmt":"2021-10-22T05:28:42","guid":{"rendered":"https:\/\/wncen.com\/?p=474403"},"modified":"2024-06-11T13:59:42","modified_gmt":"2024-06-11T13:59:42","slug":"ethereum-dips-turn-attractive-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-dips-turn-attractive-4k\/","title":{"rendered":"TA: Ethereum Dips Turn Attractive, Key Indicators Point Fresh Increase"},"content":{"rendered":"
Ethereum extended its increase above the $4,200 resistance against the US Dollar. ETH corrected gains, but it is well supported above the $4,000 pivot level.<\/em><\/p>\n Ethereum gained pace above the $4,200 level and the 100 hourly simple moving average<\/a>. ETH price traded as high as $4,371 before it started a downside correction.<\/p>\n The price is now trading below the $4,200 level. It even spiked below $4,100, but the bulls were active above the $4,000 level. A low is formed near $4,012 and the price is now rising. There was a break above the $4,050 and $4,100 resistance levels.<\/p>\n Ether price climbed above the 23.6% Fib retracement level of the recent decline from the $4,371 swing high to $4,012 low. An immediate resistance on the upside is near the $4,200 level.<\/p>\n The 50% Fib retracement level of the recent decline from the $4,371 swing high to $4,012 low is also near the $4,200 zone. The next major resistance is near the $4,240 level, above which the price might gain bullish momentum<\/a>.<\/p>\n <\/a><\/p>\n In the stated case, the price might rise towards the $4,300 level. Any more gains could lift the price towards the next key hurdle at $4,500.<\/p>\n If ethereum fails to continue higher above the $4,200 and $4,240 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,080 level.<\/p>\n The first key support is now forming near the $4,050 level and the trend line zone. A downside break below the trend line might even push the price below the $4,000 support. The next key support is near $3,950, below which the price might decline towards the $3,800 level in the near term.<\/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 $4,000<\/p>\n Major Resistance Level \u2013 $4,240<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its increase above the $4,200 resistance against the US Dollar. ETH corrected gains, but it is well supported above the $4,000 pivot level. Ethereum started a fresh increase above the $4,000 and $4,200 resistance levels. The price is now trading above $4,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,050 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,010 support zone. Ethereum Price Eyes Fresh Increase Ethereum gained pace above the $4,200 level and the 100 hourly simple moving average. ETH price traded as high as $4,371 before it started a downside correction. The price is now trading below the $4,200 level. It even spiked below $4,100, but the bulls were active above the $4,000 level. A low is formed near $4,012 and the price is now rising. There was a break above the $4,050 and $4,100 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the recent decline from the $4,371 swing high to $4,012 low. An immediate resistance on the upside is near the $4,200 level. The 50% Fib retracement level of the recent decline from the $4,371 swing high to $4,012 low is also near the $4,200 zone. The next major resistance is near the $4,240 level, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com In the stated case, the price might rise towards the $4,300 level. Any more gains could lift the price towards the next key hurdle at $4,500. Dips Limited in ETH? If ethereum fails to continue higher above the $4,200 and $4,240 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,080 level. The first key support is now forming near the $4,050 level and the trend line zone. A downside break below the trend line might even push the price below the $4,000 support. The next key support is near $3,950, below which the price might decline towards the $3,800 level in the near term. 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 $4,000 Major Resistance Level \u2013 $4,240<\/p>\n","protected":false},"author":67,"featured_media":460417,"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-474403","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 Fresh Increase<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n