Ethereum -Price started a new increase above $ 3,750 zone. ETH now shows bullish drawing and can continue to rise to the $ 3,950 zone.
- Ethereum started a new increase above the level of $ 3,750.
- The price acts above $ 3,650 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support for $ 3,720 on the hourly table ETH/USD (data feed via Kraken).
- The couple could start a new increase if it is supported in the short term above the $ 3,650 zone.
Ethereum -price increases above $ 3,800
Ethereum -Price started a new increase above $ 3,650 zone, better than Bitcoin. ETH price was given pace for a movement above the $ 3,750 resistance zone to stay in a positive zone.
The bulls even pumped the price above $ 3,800. Finally, it tested the $ 3,860 zone. A high was formed at $ 3,859 and the price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 3,031 swing low to $ 3,859 high.
Ethereum price is now traded above $ 3,700 and the 100-Urly simple advancing average. There is also an important bullish trend line that forms with support at $ 3,720 on the hourly table ETH/USD.
At the top the price can experience the resistance near the level of $ 3,800. The next key resistance is near the level of $ 3,860. The first major resistance is near the level of $ 3,920. A clear movement above the $ 3,920 resistance can send the price to $ 3,950 resistance.
An upward break above the $ 3,950 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 4,000 resistance zone or even $ 4,200 in the short term.
Are the disadvantages limited in ETH?
If Ethereum did not know the resistance of $ 3,800, this can start a downward correction. The first support at the disadvantage is near the level of $ 3,720. The first major support is near the $ 3,650 zone.
A clear movement under the support of $ 3,620 can push the price to $ 3,550 support. More losses can send the price in the short term to the support level of $ 3,450. The following key support is at $ 3,320.
Technical indicators
Hour MacD – The MACD for ETH/USD loses momentum in the bullish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Major support level – $ 3,650
Large resistance level – $ 3,860