NewsBTC 2024-03-12 04:29:05

Ethereum Price Uptrend To Continue? These Factors Could Send ETH To $4,300

Ethereum price cleared the $4,000 resistance zone. ETH is now consolidating gains and might extend its increase above the $4,100 zone. Ethereum traded to a new multi-month high above $4,050. The price is trading above $4,000 and the 100-hourly Simple Moving Average. There is a short-term breakout pattern forming with resistance at $4,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,080 resistance zone. Ethereum Price Reclaims $4K Ethereum price remained well-bid above the $3,880 level and extended its increase, like Bitcoin. ETH was able to clear the key $4,000 resistance to move further into a positive zone. The price settled above the $4,000 level. It traded to a new multi-month high above $4,000 and recently started a consolidation phase. There was a pullback below the $4,050 level. The price tested the 23.6% Fib retracement level of the recent increase from the $3,820 swing low to the $4,088 high. Ethereum price is now consolidating above $4,000 and the 100-hourly Simple Moving Average. There is also a short-term breakout pattern forming with resistance at $4,060 on the hourly chart of ETH/USD. If the pair stays above the $4,000 level, it could attempt another increase. Immediate resistance on the upside is near the $4,060 level. The first major resistance is near the $4,080 level. Source: ETHUSD on TradingView.com The next major resistance is near $4,120, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $4,220 level. If there is a move above the $4,220 resistance, Ethereum could even rise toward the $4,300 resistance. Any more gains might call for a test of $4,350. Are Dips Supported In ETH? If Ethereum fails to clear the $4,060 resistance, it could start a downside correction. Initial support on the downside is near the $4,020 level. The first major support is near the $3,950 zone or the 50% Fib retracement level of the recent increase from the $3,820 swing low to the $4,088 high. The next key support could be the $3,920 zone. A clear move below the $3,920 support might send the price toward $3,880. Any more losses might send the price toward the $3,780 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,950 Major Resistance Level – $4,080

Наиболее читаемые новости

Hawaii Wraps Up Sandbox: Crypto Firms No Long...
2024-07-01
What to expect from Bitcoin in July
2024-07-01
HTX Weekly: 29 June. 2024
2024-07-01
Binance Faces Mixed Court Ruling: SEC Lawsuit...
2024-07-01
XRP To Skyrocket On Next Week? Ethereum (ETH)...
2024-07-01
CRV Battles Near All-Time Lows Amidst Massive...
2024-07-01
Bitcoin Price Volatility Sparks Surge in New...
2024-07-01
New Solana Memecoin Useless Biden to Explode...
2024-07-01

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения