{"id":473808,"date":"2021-10-15T05:18:46","date_gmt":"2021-10-15T05:18:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=473808"},"modified":"2024-06-11T13:59:30","modified_gmt":"2024-06-11T13:59:30","slug":"ethereum-outperforms-bitcoin-4k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-outperforms-bitcoin-4k\/","title":{"rendered":"TA: Ethereum Outperforms Bitcoin, What Could Extend Gains Above $4K"},"content":{"rendered":"
Ethereum gained pace above the $3,700 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surge above $4,000.<\/em><\/p>\n Ethereum settled above the $3,500 level to move into a positive zone. ETH started a fresh increase above the $3,650 resistance zone and the 100 hourly simple moving average<\/a>.<\/p>\n The upward move was such that the price cleared the $3,750 resistance<\/a>. Finally, the price spiked above $3,800 and traded as high as $3,838. It is now consolidating gains above the $3,800 level. It is well above the 23.6% Fib retracement level of the recent rally from the $3,414 swing low to $3,838 high.<\/p>\n There is also a major bullish trend line forming with support near $3,800 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $3,840 level.<\/p>\n <\/a><\/p>\n The next major resistance is near the $3,850 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $4,000 level. Any more gains could set the pace for a move towards the $4,200 level in the near term.<\/p>\n If ethereum fails to continue higher above the $3,850 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,800 level.<\/p>\n The first key support is now forming near the $3,750 level. The main support is now forming near the $3,650 and $3,625 levels. It is near the 50% Fib retracement level of the recent rally from the $3,414 swing low to $3,838 high. If there is a downside break below the $3,650 and $3,625 support levels, the price could decline further. The next key support is near $3,550.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 60 level.<\/p>\n Major Support Level \u2013 $3,750<\/p>\n Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained pace above the $3,700 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surge above $4,000. Ethereum started a fresh increase above the $3,650 and $3,750 resistance levels. The price is now trading above $3,800 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,800 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend its rally if there is a clear break above $3,850 and $3,920. Ethereum Price Aims Larger Increase Ethereum settled above the $3,500 level to move into a positive zone. ETH started a fresh increase above the $3,650 resistance zone and the 100 hourly simple moving average. The upward move was such that the price cleared the $3,750 resistance. Finally, the price spiked above $3,800 and traded as high as $3,838. It is now consolidating gains above the $3,800 level. It is well above the 23.6% Fib retracement level of the recent rally from the $3,414 swing low to $3,838 high. There is also a major bullish trend line forming with support near $3,800 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $3,840 level. Source: ETHUSD on TradingView.com The next major resistance is near the $3,850 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $4,000 level. Any more gains could set the pace for a move towards the $4,200 level in the near term. Dips Supported in ETH? If ethereum fails to continue higher above the $3,850 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,800 level. The first key support is now forming near the $3,750 level. The main support is now forming near the $3,650 and $3,625 levels. It is near the 50% Fib retracement level of the recent rally from the $3,414 swing low to $3,838 high. If there is a downside break below the $3,650 and $3,625 support levels, the price could decline further. The next key support is near $3,550. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 60 level. Major Support Level \u2013 $3,750 Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"author":67,"featured_media":463650,"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-473808","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 Aims Larger Increase<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in ETH?<\/h2>\n