{"id":470581,"date":"2021-09-01T05:08:14","date_gmt":"2021-09-01T05:08:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=470581"},"modified":"2024-06-11T13:58:23","modified_gmt":"2024-06-11T13:58:23","slug":"ethereum-rally-isnt-over-3500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-rally-isnt-over-3500\/","title":{"rendered":"TA: Ethereum Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet 2021-09-01"},"content":{"rendered":"
Ethereum started a steady increase and it cleared $3,400 against the US Dollar. ETH price is showing positive signs and it might accelerate further above $3,500.<\/em><\/p>\n Ethereum formed a base above the $3,250 level and started a steady increase<\/a>. ETH price was able to clear the $3,350 and $3,380 resistance levels<\/a>.<\/p>\n It even surged above the $3,400 zone and settled well above the 100 hourly simple moving average. A high was formed near $3,477 before there was a downside correction. The price corrected lower below $3,400, but the bulls were active near $3,350.<\/p>\n It formed a low near $3,340 and started a fresh increase. Ether traded above the 50% Fib retracement level of the recent decline from the $3,477 swing high to $3,340 low.<\/p>\n It is now trading above $3,400 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $3,425 on the hourly chart of ETH\/USD. The pair is attempting a break above the 76.4% Fib retracement level of the recent decline from the $3,477 swing high to $3,340 low.<\/p>\n <\/a><\/p>\n If the bulls succeed, there could be more gains above the $3,480 resistance. The next main resistance is near the $3,500 level. A clear break above the $3,500 resistance might open the doors for another increase. In the stated case, ether may possibly rise towards the $3,600 level.<\/p>\n If ethereum fails to continue higher above the $3,480 and $3,500 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,435 level.<\/p>\n The next major support is now forming near the $3,425 zone and the trend line. A downside break below the trend line could spark a sharp decline. In the stated scenario, ether price could revisit the $3,350 support region.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $3,350<\/p>\n Major Resistance Level \u2013 $3,500<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a steady increase and it cleared $3,400 against the US Dollar. ETH price is showing positive signs and it might accelerate further above $3,500. Ethereum started a steady increase above the $3,350 and $3,380 resistance levels. The price is now trading above $3,400 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,425 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could accelerate further higher if it clears the $3,480 resistance zone. Ethereum Price Gains Momentum Ethereum formed a base above the $3,250 level and started a steady increase. ETH price was able to clear the $3,350 and $3,380 resistance levels. It even surged above the $3,400 zone and settled well above the 100 hourly simple moving average. A high was formed near $3,477 before there was a downside correction. The price corrected lower below $3,400, but the bulls were active near $3,350. It formed a low near $3,340 and started a fresh increase. Ether traded above the 50% Fib retracement level of the recent decline from the $3,477 swing high to $3,340 low. It is now trading above $3,400 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $3,425 on the hourly chart of ETH\/USD. The pair is attempting a break above the 76.4% Fib retracement level of the recent decline from the $3,477 swing high to $3,340 low. Source: ETHUSD on TradingView.com If the bulls succeed, there could be more gains above the $3,480 resistance. The next main resistance is near the $3,500 level. A clear break above the $3,500 resistance might open the doors for another increase. In the stated case, ether may possibly rise towards the $3,600 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,480 and $3,500 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,435 level. The next major support is now forming near the $3,425 zone and the trend line. A downside break below the trend line could spark a sharp decline. In the stated scenario, ether price could revisit the $3,350 support region. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,350 Major Resistance Level \u2013 $3,500<\/p>\n","protected":false},"author":67,"featured_media":464489,"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-470581","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 Gains Momentum<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n