{"id":488443,"date":"2022-04-20T05:48:06","date_gmt":"2022-04-20T05:48:06","guid":{"rendered":"https:\/\/wncen.com\/?p=488443"},"modified":"2024-06-11T14:20:56","modified_gmt":"2024-06-11T14:20:56","slug":"ethereum-consolidates-3130","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-consolidates-3130\/","title":{"rendered":"TA: Ethereum Consolidates Gains, Indicators Suggest More Upsides"},"content":{"rendered":"
Ethereum gained pace above the $3,050 resistance against the US Dollar. ETH price could continue higher if there is a clear move above the $3,120 resistance.<\/em><\/p>\n Ethereum formed a base above the $3,000 and started a decent recovery wave<\/a>. ETH was able to clear the $3,050 resistance zone and the 100 hourly simple moving average. Download Bitcoin Miner Cudo Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n There was also a move above a major bearish trend line with resistance near $3,060 on the hourly chart of ETH\/USD. The pair surpassed the $3,080 resistance zone and traded above $3,100. A high is formed near $3,131 and the price is now consolidating gains.<\/p>\n It already tested the 23.6% Fib retracement level of the recent wave from the $2,880 swing low to $3,131 high. Ether price is now trading above $3,080 and the 100 hourly simple moving average<\/a>. \u00a0On the upside, an initial resistance is seen near the $3,090 level and a connecting bearish trend line on the same chart.<\/p>\n <\/a><\/p>\n The next major resistance is near the $3,120 and $3,130 levels. A close above the $3,130 level might start a steady upward move in the near term. The next major resistance could be near the $3,200 or $3,220.<\/p>\n If ethereum fails to gain pace above the $3,090 level, it could start a downside correction. An initial support on the downside is near the $3,080 zone.<\/p>\n\n
Ethereum Price Extends Recovery<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n