Ethereum price analysis: ETH bulls target breakout above $4k

2021-9-7 12:09

ETH/USD remains on track for a new all-time high, but a flip below $3,800 could trigger a reversal to the $3,500 zone

ETH price is hovering around $3,856 at time of writing, with bulls experiencing the second day of bearish pressure that has capped its latest upside. The downward pressure threatens to push the ETH/USD pair lower, which might see bears establish the $4,000 zone as the main supply wall.

Notably, Ethereum price reached a high of $4,030 on the crypto exchange Coinbase on 3 September and achieved a daily close of $3,940 — the highest close since 14 May. As Bitcoin (BTC) looks to strengthen above $52,000, a similar move for ETH could bring into play an upside towards the all-time high.

According to popular technical analyst Rekt Capital, the bullish view for ETH is supported by the possibility of a "U-shaped" pattern formation.

$ETH is in the process of retesting the top of its multi-month U-Shaped formation

Successful retest will validate the formation to bring upon a new macro uptrend into new All Time Highs#Crypto #Ethereum

— Rekt Capital (@rektcapital) September 6, 2021

Ethereum price outlook

Ethereum's breakout to the $4k level followed a bull flag pattern formation on the daily chart. The breakout above the resistance line around $3,330 saw bulls rally to the $4,030 high.

Although profit-taking deals have seen prices fluctuate below $3,900, the technical picture suggests bulls still have the upper hand. We have the daily RSI trending with a positive divergence and near the overbought territory, while the daily MACD is in the bullish zone.

If ETH/USD holds above $3,832 (yellow horizontal line), a swift rebound could include a breakout above the $3,950 to $4,078 price range. Bids above the $4,080 supply wall could allow buyers to push ETH/USD towards the $4,400 level.

ETH/USD daily chart. Source: TradingView

On the downside, a break below the $3,832 line could call for more selling. In this case, Ethereum's price might decline to the 20 EMA line currently located at $3,529. If there's an extended downside in the short term, bulls could seek to defend gains at the horizontal anchor near $3,330.

<Check out our how to buy Ethereum page here> https://coinjournal.net/ethereum/buy/

The post Ethereum price analysis: ETH bulls target breakout above $4k appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3372.42 (+0.15%)
Объем 24H $51.615b
Изменеия 24h: 9.65 %, 7d: 9.48 %
Cегодня L: $3341.62 - H: $3374.12
Капитализация $406.132b Rank 2
Цена в час новости $ 3768.08 (-10.5%)

eth ethereum above breakout price analysis bulls

Источник: coinjournal.net

eth ethereum → Результатов: 126


Traders Rushing Back to Ethereum – Can ETH Recover This September?

It looks like the crypto market is entering a slow recovery mode, with most of the top 10 projects seeing nice jumps over the past week. However, Ethereum failed to follow the market sentiment, and remained around $2,300 level throughout the week – industry insiders are blaming a large number of ETH whales who liquidated […] The post Traders Rushing Back to Ethereum – Can ETH Recover This September? appeared first on CaptainAltcoin.

2024-9-18 17:30


Ethereum Price Prediction: Analyst Anticipates ETH Dropping to $2200, Sharks Join The Mpeppe Wave After 150% Rally

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently been struggling to maintain its momentum in the face of bearish trends. Analysts have been observing Ethereum’s performance closely, and many are predicting a further decline in price, with some forecasting that ETH could drop as low as $2,200.

2024-9-7 20:27


Аналитики фиксируют рекордное падение комиссионных сборов Ethereum, предсказывая бычий тренд

Резкое падение комиссии за транзакции в Ethereum может стать предвестником бычьего тренда для токенов Эфира (ETH), лежащих в основе сети, говорят аналитики, ссылаясь на исторические данные. «Каждый раз, когда комиссия ETH падала до самого дна, это часто сигнализировало о снижении цен в среднесрочной перспективе», – заявил Райан Ли, главный аналитик Bitget Research.

2024-8-19 16:20


За месяц кит перевел 48 500 ETH на OKX

Команда аналитической платформы Lookonchain заметила движение капитала на кошельке, связанном с участником первичного размещения монет (ICO) Ethereum, который получил активы по цене в $0,31. A whale who received 1M $ETH in #Ethereum ICO at a price of $0.

2024-8-13 11:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum gains 7% to surpass $3.3K: what analysts are saying

Ethereum has jumped by more than 7% in the past 24 hours to break above $3,350. The top altcoin’s price gains come after Bitcoin spiked to its highest-ever mark above $98k on Thursday morning. While ETH has failed to master a significant rally in the wake of Bitcoin’s surge in the past month, the market’s […]

Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos

In the wake of President-elect Donald Trump’s victory on November 5, there has been a notable surge in interest surrounding Bitcoin (BTC) and other digital assets. This trend is prompting global firms and governments to explore integrating leading cryptocurrencies into their treasury reserves, a shift that reflects a broader acceptance of digital currencies, particularly in the […]

Spot Bitcoin ETFs see negative day with $400.6m net outflows

Spot Bitcoin exchange-traded funds in the United States experienced an outflow day on Nov. 14, ending their six-day inflow streak that had brought over $4.73 billion into the funds. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded…