The Ethereum price started a recovery wave above $4,000. ETH gaat hoger, maar wordt geconfronteerd met een aantal belangrijke hindernissen in de buurt van $4.220 en $4.250.
De prijs piekte zelfs boven de $ 4.220. A high was reached at $4,225 and the price is now consolidating gains. The price is steady above the 23.6% Fib retracement level of the recent rise from the $3,708 swing low to the $4,225 high.
De Ethereum-prijs handelt nu boven de $4.150 en het 100-uurlijkse Simple Moving Average. Moreover, a bullish trendline is forming with support at $4,050 on the hourly chart of ETH/USD.
On the upside, the price could encounter resistance near the USD 4,220 level. The next major resistance is near the $4,250 level. The first major resistance is around the $4,320 level. A clear move above the USD 4,320 resistance could send the price towards the USD 4,450 resistance. An upside break above the $4,450 region could call for more gains in the coming sessions. In the mentioned case, Ether could rise towards the $4,500 resistance zone or even $4,550 in the short term.
If Ethereum fails to clear the USD 4,220 resistance, it could trigger another decline. The initial downside support is near the $4,150 level. The first major support is near the $4,120 zone.
Technical indicators
hourly MACD –
RSI per hour –