Ethereum -Price found support near the $ 3,650 zone and started a new wave. ETH is increasing and can soon strive for a movement above $ 3,920 zone.
- Ethereum started a new increase of $ 3,750 and $ 3,800 levels.
- The price is traded above $ 3,800 and the 100-hour simple advancing average.
- There is a bullish trend line that forms with support for $ 3,820 on the hourly table ETH/USD (data feed via Kraken).
- The couple could start a new increase if it is supported above $ 3,750 zone in the short term.
Ethereum -Price wins more than 5%
Ethereum -Price started a new increase compared to the $ 3,650 support zone, in which Bitcoin was defeated. ETH price was able to recover above the resistance levels of $ 3,720 and $ 3,750.
The bulls even pushed the price above the $ 3,850 resistance zone. Finally, the price tested the $ 3,920 resistance zone. A high was formed at $ 3,927 and the price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 3,544 Swing low to $ 3,927 high.
Ethereum price is now traded above $ 3,800 and the 100-hour simple advancing average. There is also a bullish trend line that forms with support for $ 3,820 on the hourly table ETH/USD.
At the top the price can be confronted with resistance near the level of $ 3,920. The next key resistance is near the level of $ 3,950. The first major resistance is near the level of $ 4,000. A clear movement above the $ 4,000 resistance can send the price to $ 4,220 resistance.
An upward break above the $ 4,220 resistance can request more profit in the coming sessions. In the declared case, Ether could rise to the $ 4,350 resistance zone or even $ 4,500 in the short term.
Are dips limited in ETH?
If Ethereum did not know the resistance of $ 3,920, this can start a new decline. 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 $ 3,735 support. All losses can send the price in the short term to the support level of $ 3,680. The following key support is at $ 3,650.
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.
Large support level – $ 3,735
Large resistance level – $ 3,920