Ethereum Price Momentum Reignites, RSI Signals Rally To $2,200
01 Dicembre 2023 - 4:04AM
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Ethereum price remained well-bid above the $2,020 level. ETH is now
rising, and the bulls seem to be aiming for a move toward the
$2,200 level. Ethereum is making a fresh attempt to clear the
$2,100 and $2,120 resistance levels. The price is trading above
$2,050 and the 100-hourly Simple Moving Average. There was a break
above a major contracting triangle with resistance near $2,055 on
the hourly chart of ETH/USD (data feed via Kraken). The pair could
gain bullish momentum if it clears the $2,120 resistance zone.
Ethereum Price Regains Strength Ethereum price started a downside
correction below the $2,050 level. ETH tested the $2,020 support,
where the bulls took a stand. A low was formed near $2,019 before
the price climbed higher, like Bitcoin. The price cleared the
$2,050 resistance zone. There was a break above a major contracting
triangle with resistance near $2,055 on the hourly chart of
ETH/USD. The pair climbed above the 50% Fib retracement level of
the downward move from the $2,126 swing high to the $1,986 low.
Ethereum is now trading above $2,050 and the 100-hourly Simple
Moving Average. On the upside, the price is facing resistance near
the $2,095 zone or the 76.4% Fib retracement level of the downward
move from the $2,126 swing high to the $1,986 low. The first key
resistance is near the $2,100 level. The next resistance sits at
$2,120. A clear move above the $2,120 level could send the price
toward the $2,200 resistance zone. Source: ETHUSD on
TradingView.com The next resistance is near $2,250, above which the
price could aim for a move toward the $2,320 level. Any more gains
could start a wave toward the $2,440 level. Another Decline in ETH?
If Ethereum fails to clear the $2,100 resistance, it could start
another decline. Initial support on the downside is near the $2,055
level. The next key support is $2,040. The main support is now near
$2,000. A downside break below $2,000 might start a steady decline.
The key support is now at $1,920, below which there is a risk of a
move toward the $1,880 level in the near term. Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the
bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50
level. Major Support Level – $2,050 Major Resistance Level – $2,120
Grafico Azioni Ethereum (COIN:ETHUSD)
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Da Giu 2024 a Lug 2024
Grafico Azioni Ethereum (COIN:ETHUSD)
Storico
Da Lug 2023 a Lug 2024