Ethereum -Price started a new increase above $ 3,800 zone. ETH now shows positive signs and can soon strive for a movement for $ 4,000.
- Ethereum started a new increase above the levels of $ 3,800 and $ 3,840.
- The price is traded above $ 3,820 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support at $ 3,800 on the hourly table ETH/USD (data feed via cracking).
- The couple could start a new increase if it is supported above $ 3,800 zone in the short term.
Ethereum -Price starts a new increase
Ethereum -Price remained supported above the level of $ 3,600 and started a new increase, such as Bitcoin. ETH price traded above the resistance levels of $ 3,700 and $ 3,800.
There was a movement above the level of $ 3,850. The price tested the $ 3,900 zone. A high was formed at $ 3,904 and the price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 3,515 swing low to $ 3,904 high.
Ethereum price is now traded above $ 3,820 and the 100-hour simple advancing average. There is also an important bullish trend line that forms with support for $ 3,800 on the hourly table ETH/USD.
At the top the price can experience the resistance near the level of $ 3,900. The next key resistance is near the level of $ 3,920. The first major resistance is near the level of $ 3,950. A clear movement above the $ 3,950 resistance can send the price to $ 4,000 resistance.
An upward break above the $ 4,000 resistance can request more profit in the upcoming sessions. In the indicated case, Ether could rise to the $ 4,050 resistance zone or even $ 4,200 in the short term.
Another drop in ETH?
If Ethereum did not know the resistance of $ 3,920, this can start a downward correction. The first support on the disadvantage is near the level of $ 3,820. The first major support is near the $ 3,800 zone.
A clear movement under the support of $ 3,800 can push the price to $ 3,750 support. More losses can send the price in the short term to the support level of $ 3,700. The following key support is at $ 3,640.
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 – $ 3,800
Large resistance level – $ 3,920