TA: Ethereum Stuck Below $1,760, Why ETH Could Surge To $1,880

2021-2-9 08:18

Ethereum gained momentum above $1,650 after bitcoin’s surge against the US Dollar. ETH price is still struggling near $1,760, but it is likely to break higher.

Ethereum rallied above $1,650 and it traded to a new all-time high near $1,777. The price is now trading well above $1,650 and the 100 hourly simple moving average. There is a key ascending channel forming with support near $1,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip towards the $1,650 support, but it is likely to continue higher towards $1,800. Ethereum Price Is Eyeing Upside Break

After clearing the $1,650 resistance, Ethereum started a fresh increase. ETH even cleared the $1,700 resistance, but it struggled to rise as much as bitcoin.

During the increase, there was a break above a major bearish trend line with resistance near $1,660 on the hourly chart of ETH/USD. The pair gained pace above $1,710 and it even spiked above the $1,750 resistance zone.

Ether traded to a new all-time high near $1,777 and it is currently consolidating gains. It is trading well above $1,650 and the 100 hourly simple moving average. An immediate support is near the 23.6% Fib retracement level of the recent rally from the $1,488 swing low to $1,777 high.

Source: ETHUSD on TradingView.com

There is also a key ascending channel forming with support near $1,710 on the same chart. If there is a downside break below the channel support, the price could decline towards the $1,650 support zone.

On the upside, the price is clearly facing a major resistance near the $1,760 and $1,770 levels. A proper break above $1,770 might spark a rally. The next key resistance is near the $1,880 level.

Dips Supported in ETH?

If Ethereum fails to clear the $1,760 and $1,770 resistance levels, it could correct lower. On the downside, the first major support is near the $1,660 level.

The next major support is near the $1,635 level and 100 hourly simple moving average. The 50% Fib retracement level of the recent rally from the $1,488 swing low to $1,777 high is also near the $1,635 level to provide support in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is still well above the 50 level.

Major Support Level – $1,650

Major Resistance Level – $1,770

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2433.19 (+0.72%)
Объем 24H $17.904b
Изменеия 24h: 1.39 %, 7d: -7.53 %
Cегодня L: $2411.94 - H: $2434.92
Капитализация $292.997b Rank 2
Цена в час новости $ 1804.58 (34.83%)

ethereum surge eth near 650 above 760

Источник: newsbtc.com

ethereum surge → Результатов: 126


Ethereum Surge: детали плана Виталика Бутерина по масштабированию сети

Соучредитель Ethereum Виталик Бутерин (Vitalik Buterin) обрисовал цели для блокчейна Ethereum на следующем этапе его развития, получившем название «Surge». 17 октября Бутерин поделился «ключевыми целями» Surge, которые включают достижение более 100 000 транзакций в секунду (TPS) на основной сети Ethereum и блокчейнах второго уровня, а также повышение совместимости между L2-решениями.

2024-10-17 10:40


Ethereum Could Be More Secure And Decentralized Than Bitcoin Due To Its Low Issuance Rate

In the recent past, Bitcoin’s has witnessed an explosive growth and surge with its value increasing by more than 200 percent in a year and at the moment trading close to the $12,000 mark. Despite the phenomenon price hike, different crypto enthusiasts are of the view that Bitcoin could fail to meet the market expectations […]

2019-6-30 22:52


Ethereum’s lower issuance rate compared to Bitcoin speculated to be key in rapid decentralization and adoption

Bitcoin’s recent surge has been the highlight of the cryptocurrency market after it witnessed an increase of more than 200 percent over the year to currently trading near the $12,000 mark. Despite the price hike, some cryptocurrency users still believe that Bitcoin would fail to live up to its expectations and that other altcoins like […] The post Ethereum’s lower issuance rate compared to Bitcoin speculated to be key in rapid decentralization and adoption appeared first on AMBCrypto.

2019-6-29 14:30


Analysts Expect Ethereum to Follow Litecoin’s Lead and Skyrocket in Near Future, Here’s Why

The aggregated crypto markets have been facing an influx of bullish momentum over the past several months that is showing few signs of slowing down anytime soon. This momentum is allowing altcoins, like Ethereum (ETH), to incur strengthening technical formations that will likely allow it to surge higher in the near-future.

2019-6-15 22:30


XRP primes itself to race to the moon after prominent analyst predicts coin breakout

The race to the top of the cryptocurrency mountain is one dominated by Bitcoin. However, there is huge competition among other altcoins to follow suit. Since Ethereum overtook XRP on the crypto-charts, the XRP community has been salivating patiently for the token to surge again and according to recent reports, there have been new signs […] The post XRP primes itself to race to the moon after prominent analyst predicts coin breakout appeared first on AMBCrypto.

2019-6-5 17:30


Ethereum is About to Form a Rare Bullish Technical Formation That May Lead it to Surge Higher

Despite incurring some noteworthy selling pressure earlier this week, Ethereum has posted a decent recovery in the time since and is now tepidly advancing back towards the $270 region. One analyst is now noting that Ethereum is close to forming a bullish technical formation that has only been formed a small amount of times in.

2019-6-2 01:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Price Tumbles: Will It Find a Way Back Up?

Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term. Ethereum started a fresh decline from the $2,720 resistance zone.