TA: Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K

Av NewsBTC - 2 år sedan - Lästid: 2 minuter

TA: Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K

Ethereum is stable above the $4,250 pivot level against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,350 resistance zone.

Ethereum handlas i en hausseartad zon över $4,200 4,250-nivån. Priset konsolideras över $100 4,270 och det enkla glidande medelvärdet på 4,350 timmar. Det var ett avbrott ovanför en viktig kontrakterande triangel med motstånd nära $XNUMX XNUMX på timdiagrammet för ETH/USD (dataflöde via Kraken). Paret kan få hausseartat momentum om det finns ett tydligt brott över motståndszonen på $XNUMX XNUMX. Ethereum-priset stiger

Ethereum formed a base above the $4,150 support level. ETH price started a steady recovery wave above the $4,200 resistance zone to move into short-term positive zone.

The price was able to clear the 50% Fib retracement level of the downward move from the $4,386 swing high to $4,169 low. Besides, there was a break above a key contracting triangle with resistance near $4,270 on the hourly chart of ETH/USD.

The pair is consolidating above $4,250 and the 100 hourly simple moving average. An initial resistance on the upside is near the $4,335 level.

The 76.4% Fib retracement level of the downward move from the $4,386 swing high to $4,169 low is also near the $4,330 level. The first major resistance is near the $4,350 level. A close above the $4,330 and $4,350 levels could start a fresh increase in the near term.

Källa: ETHUSD på TradingView.com

In the stated case, the price might rise towards the $4,500 level. Any more gains could lift the price towards the $4,650 breakout zone in the near term, where the bears are likely to take a stand.

Färska dropp i ETH?

Om ethereum misslyckas med att starta en ny ökning över $4,330 4,270-nivån, kan det starta en ny nedgång. Ett initialt stöd på nedsidan är nära $XNUMX XNUMX-nivån.

The first key support is now forming near the $4,250 level and the 100 hourly simple moving average. A downside break below the $4,250 support might push the price further lower. In this case, ether price may perhaps decline towards the $4,150 support.

Tekniska indikatorer

MACD per timme – MACD för ETH/USD tappar takt i den hausseartade zonen.

Hourly RSI – The RSI for ETH/USD is now correcting lower towards the 50 level.

Större supportnivå - 4,150 $

Större motståndsnivå - 4,350 dollar

Ursprunglig källa: NewsBTC