Ethereum Price Rally: Far from Over, More Gains Ahead!

2024-5-22 04:58

Ethereum price extended its increase and tested $3,840. ETH is holding gains and seems to be eyeing a move toward the $4,000 level.

Ethereum started a fresh increase and traded above the $3,750 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,380 support. Ethereum Price Eyes Additional Gains

Ethereum price started a fresh surge after reports of increased hopes of ETH ETF. There was a move above the $3,500 and $3,650 resistance levels.

ETH outperformed Bitcoin and even climbed above the $3,750 level. A new weekly high was formed at $3,838 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward wave from the $3,065 swing low to the $3,838 high.

Ethereum is now trading above $3,700 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD.

Immediate resistance is near the $3,840 level. The first major resistance is near the $3,880 level. An upside break above the $3,880 resistance might send the price higher. The next key resistance sits at $3,950, above which the price might gain traction and rise toward the $4,000 level.

If there is a clear move above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,200 resistance zone.

Are Dips Limited In ETH?

If Ethereum fails to clear the $3,840 resistance, it could start a downside correction. Initial support on the downside is near the $3,710 level and the trend line.

The next major support is near the $3,620 zone. A clear move below the $3,620 support might push the price toward $3,450 or the 50% Fib retracement level of the upward wave from the $3,065 swing low to the $3,838 high. Any more losses might send the price toward the $3,380 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 correcting from the 75 zone.

Major Support Level – $3,620

Major Resistance Level – $3,840

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2896.31 (-0.29%)
Объем 24H $32.154b
Изменеия 24h: 1.25 %, 7d: 15.45 %
Cегодня L: $2869.23 - H: $2948.15
Капитализация $348.775b Rank 2
Цена в час новости $ 3687.47 (-21.46%)

ethereum gains increase price toward move eyeing

Источник: newsbtc.com

ethereum gains → Результатов: 126


Фото:

Here’s Why Bitcoin’s Upside May Be “Capped” Relative to Ethereum

Ethereum has been able to catch up to some of the gains posted by Bitcoin as of late, but it still has a long way to go before it breaks its trend of underperformance Yesterday, the cryptocurrency saw a swift rally past $460 that came about in the absence of any BTC movement This was a promising push higher, and it has yet to surrender much of these gains One analyst is now looking towards […]

2020-11-12 23:00


Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise.

Bitcoin and the rest of the market is surprisingly linear today, with many altcoins registering modest gains as BTC remains range-bound. Ethereum and XRP in particular are showing strong gains.   How correlated is the crypto market? As experts debate the correlations between Bitcoin and gold versus the stock market, it’s interesting to look at […] The post Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise. appeared first on Crypto Briefing.

2019-9-18 18:42


Crypto Market Attempts Bullish Breakout, Gains $10 Billion In 3 Hours

It’s mid-week and the bulls have continued to show their strength. Since the bears descended on the market last week, they have wiped out more than $50 billion. One of the worst affected coins has been Ethereum but the crypto market has now gained over $10 billion in the last few hours, pushing its market […] The post Crypto Market Attempts Bullish Breakout, Gains $10 Billion In 3 Hours appeared first on ZyCrypto.

2019-7-18 22:37


Raging Bitcoin Price Propels Crypto Market to Spike $25 Billion in 2 Days

By CCN Markets: In the past two days, the valuation of the crypto market has increased from $300 billion to $325 billion, supplemented by the strong upside movement of bitcoin. As the bitcoin price quickly moved from $8,000 to $11,000, major crypto assets in the likes of Ethereum, XRP, Bitcoin Cash, EOS, and Binance Coin recorded fairly large gains against the U.

2019-6-23 13:06


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.