Pentaxcoin
Ethereum

Ethereum Could Follow Bitcoin, Why ETH Could Rally To $4K

Ethereum is consolidating above the $3,800 support zone against the US Dollar. ETH must clear the $3,900 and $3,950 resistance levels to continue higher in the near term.

Ethereum started a fresh increase above the $3,800 and $3,820 resistance levels.
The price is now trading above $3,800 and the 100 hourly simple moving average.
There was a break above a key contracting triangle forming with resistance near $3,820 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh rally if it clears the key $3,900 resistance zone.

Ethereum Price Eyes Upside Break
Ethereum started a fresh increase above the $3,750 resistance zone. ETH gained pace after it broke the $3,800 resistance zone and the 100 hourly simple moving average.
There was also a break above a key contracting triangle forming with resistance near $3,820 on the hourly chart of ETH/USD. The pair even spiked above $3,880, but there was no upside continuation above $3,920. A high was formed near $3,900 and it is now consolidating gains.
There was a break below the $3,850 level. Ether price traded below the 23.6% Fib retracement level of the upward move from the $3,742 swing low to $3,900 high.
It is now trading above $3,800 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $3,880 level. The next major resistance is near the $3,900 level, above which the price might start a fresh rally.

Source: ETHUSD on TradingView.com
The next key resistance is near the $3,920 level. Any more gains could increase the chances of a move above the $4,000 level. In the stated case, the price might rise towards the $4,120 level.
Dips Limited in ETH?
If ethereum fails to continue higher above the $3,880 and $3,900 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,820 level.
The 50% Fib retracement level of the upward move from the $3,742 swing low to $3,900 high is also near the $3,820 level. Any more downsides could lead the price towards the $3,780 support and the 100 hourly SMA. The next key support is near $3,750.
Technical Indicators
Hourly MACD – 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 – $3,820
Major Resistance Level – $3,900

Carole Lloyd

Carole Lloyd

I'm a highly experienced crypto author. I've been writing about cryptocurrency for over 3 years now and have seen the industry grow and change immensely. I have a deep understanding of the technology behind crypto and can explain complex concepts in simple terms. My blog is followed by thousands of people who are interested in learning more about cryptocurrency.

slot online gampang menang

https://www.betaalbarekunst.nl/situs-judi-slot-gacor-online-gampang-menang/

https://www.betaalbarekunst.nl/kunstnieuws/slot88-gacor-online-gampang-menang/

https://www.circular.gconnect.in/daftar-slot-gacor-online-gampang-menang/

slot gacor/

slot gacor gampang menang/

https://www.mfpc.org.my/slot-gacor/

https://247newsaroundtheworld.com/slot/

https://www.reisewelten.ch/daftar-situs-judi-slot-online-gampang-menang/

http://hospice26.ru/situs-judi-slot-online-gampang-menang/

http://sportsvews.com/

http://www.techeasypay.com/slot-gacor-online-gampang-menang/

http://eganacsi.com/slot88-slot-gacor-online-terbaru/

https://timeofhindustan.com/slot-gacor/

https://www.reisewelten.ch/slot-gacor/

slot gacor

daftar slot gacor online gampang menang

situs slot gacor

slot gacor