Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent?
21 Ottobre 2024 - 5:28AM
NEWSBTC
Ethereum price is extending gains above the $2,650 resistance. ETH
could continue to rise toward $2,850 if it clears the $2,750
resistance zone. Ethereum remained in a positive zone above the
$2,580 and $2,620 resistance levels. The price is trading above
$2,650 and the 100-hourly Simple Moving Average. There is a key
bullish trend line forming with support near $2,680 on the hourly
chart of ETH/USD (data feed via Kraken). The pair could continue to
move up if it clears the $2,750 and $2,780 resistance levels.
Ethereum Price Aims For More Gains Ethereum price remained stable
above the $2,600 level like Bitcoin. ETH extended gains above the
$2,650 resistance level to move further into a positive zone. The
price cleared the $2,700 level and tested $2,765. A high was formed
at $2,765 and the price is now consolidating gains. There was a
minor decline below the $2,740 level, but the price is stable above
the 23.6% Fib retracement level of the upward move from the $2,576
swing low to the $2,765 high. Ethereum price is now trading above
$2,650 and the 100-hourly Simple Moving Average. There is also a
key bullish trend line forming with support near $2,680 on the
hourly chart of ETH/USD. The trend line is near the 50% Fib
retracement level of the upward move from the $2,576 swing low to
the $2,765 high. On the upside, the price seems to be facing
hurdles near the $2,750 level. The first major resistance is near
the $2,765 level. A clear move above the $2,765 resistance might
send the price toward the $2,840 resistance. An upside break above
the $2,840 resistance might call for more gains in the coming
sessions. In the stated case, Ether could rise toward the $2,880
resistance zone in the near term. The next hurdle sits near the
$2,920 level or $2,950. Another Drop In ETH? If Ethereum fails to
clear the $2,750 resistance, it could start another decline.
Initial support on the downside is near the $2,720 level. The first
major support sits near the $2,680 zone and the trend line. A clear
move below the $2,720 support might push the price toward $2,650.
Any more losses might send the price toward the $2,620 support
level in the near term. The next key support sits at $2,550.
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 zone. Major Support Level – $2,650 Major
Resistance Level – $2,765
Grafico Azioni Ethereum (COIN:ETHUSD)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Ethereum (COIN:ETHUSD)
Storico
Da Ott 2023 a Ott 2024