{"id":462956,"date":"2021-05-04T04:28:51","date_gmt":"2021-05-04T04:28:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=462956"},"modified":"2024-06-11T11:42:51","modified_gmt":"2024-06-11T11:42:51","slug":"ethereum-rally-extends-above-3400","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-rally-extends-above-3400\/","title":{"rendered":"TA: Ethereum Rally Extends Above $3,400, Why Dips Remain Attractive"},"content":{"rendered":"
Ethereum extended its rally and it traded to a new all-time high above $3,450 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid above $3,100.<\/em><\/p>\n Ethereum is following a strong bullish path above the $3,000 resistance. ETH outpaced bitcoin<\/a> and it surged above the $3,200 level. There was a 10% rise and the price broke the $3,400 level.<\/p>\n It traded to a new all-time high<\/a> near $3,456 and it settled nicely above the 100 hourly simple moving average. The price is now correcting gains and it traded below the $3,320 level. There was a break below the 50% Fib retracement level of the recent rally from the $3,088 swing low to $3,456 high.<\/p>\n An immediate support on the downside is near the $3,250 level. There is also a major bullish trend line forming with support near $3,220 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n The trend line is close to the 61.8% Fib retracement level of the recent rally from the $3,088 swing low to $3,456 high. The next major support is near the $3,080 level, below which the price might extend losses. In the stated case, the price could revisit the $2,950 support and the 100 hourly simple moving average.<\/p>\n If Ethereum remains stable above the trend line support and $3,100, it could continue to rise. An initial resistance on the upside is near the $3,320 level.<\/p>\n The first major resistance is near the $3,400 level. A clear upside break above the $3,400 level and could open the doors for a more upsides above the $3,456 high. The next major stop could be $3,550 or even $3,620 in the near term.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is still above the 50 level.<\/p>\n Major Support Level \u2013 $3,100<\/p>\n Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its rally and it traded to a new all-time high above $3,450 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid above $3,100. Ethereum remained in a strong uptrend and it broke the $3,400 level. The price is now trading well above $3,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,220 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to remain active near $3,100 and $3,000. Ethereum Price Rallies Another 10% Ethereum is following a strong bullish path above the $3,000 resistance. ETH outpaced bitcoin and it surged above the $3,200 level. There was a 10% rise and the price broke the $3,400 level. It traded to a new all-time high near $3,456 and it settled nicely above the 100 hourly simple moving average. The price is now correcting gains and it traded below the $3,320 level. There was a break below the 50% Fib retracement level of the recent rally from the $3,088 swing low to $3,456 high. An immediate support on the downside is near the $3,250 level. There is also a major bullish trend line forming with support near $3,220 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The trend line is close to the 61.8% Fib retracement level of the recent rally from the $3,088 swing low to $3,456 high. The next major support is near the $3,080 level, below which the price might extend losses. In the stated case, the price could revisit the $2,950 support and the 100 hourly simple moving average. More Upsides in ETH? If Ethereum remains stable above the trend line support and $3,100, it could continue to rise. An initial resistance on the upside is near the $3,320 level. The first major resistance is near the $3,400 level. A clear upside break above the $3,400 level and could open the doors for a more upsides above the $3,456 high. The next major stop could be $3,550 or even $3,620 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is still above the 50 level. Major Support Level \u2013 $3,100 Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"author":67,"featured_media":462958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-462956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Rallies Another 10%<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Upsides in ETH?<\/h2>\n