Ethereum -Price started a steady increase above $ 4,500. ETH is now consolidating and can strive for more profit if it knew the resistance of $ 4,620.
- Ethereum remained stable above $ 4,450 and started a recovery wave.
- The price is traded above $ 4,500 and the 100-hour simple advancing average.
- There is a connecting bullish trend line that forms with support at $ 4,490 on the hourly table ETH/USD (data feed via Kraken).
- The couple could continue to rise if it settles more than $ 4,550 and $ 4,620.
Ethereum -Price wins more than 5%
Ethereum -Price remained supported above the level of $ 4,320 and started a new increase, such as Bitcoin. ETH price was able to climb above the resistance levels of $ 4,450 and $ 4,500.
The price even stood to $ 4,620 and could continue to rise. A high is formed at $ 4,616 and the price is still stable above the 23.6% FIB racement level of the recent upward movement of $ 4,094 Swing low to $ 4,616 high.
Ethereum price is now traded above $ 4,450 and the 100-hour simple advancing average. In addition, there is a connecting bullish trend line that forms with support for $ 4,490 on the ETH/USD graph per hour.
At the top the price can experience the resistance near the level of $ 4,560. The next key resistance is near the level of $ 4,600. The first major resistance is near the level of $ 4,620. A clear movement above the $ 4,620 resistance can send the price to $ 4,650 resistance. An upward break above the $ 4,650 region can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 4,720 resistance zone or even $ 4,800 in the short term.
Another decline of ETH?
If Ethereum did not know the resistance of $ 4,620, this can start a new decline. The first support at the disadvantage is near the level of $ 4,500. The first major support is near the $ 4,480 zone and the trend line.
A clear movement under the support of $ 4,480 can push the price to $ 4,440 support. All losses can send the price in the short term to the $ 4,350 region. The following key support is at $ 4,250.
Technical indicators
Hour MacD – The MACD for ETH/USD is gaining force in the bullish zone.
Hour RSI – The RSI for ETH/USD is now above 50 zone.
Major support level – $ 4,480
Main resistance level – $ 4,620