{"id":478042,"date":"2021-12-03T11:20:54","date_gmt":"2021-12-03T11:20:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=478042"},"modified":"2024-06-11T14:09:31","modified_gmt":"2024-06-11T14:09:31","slug":"ethereum-holds-key-support-4550","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-holds-key-support-4550\/","title":{"rendered":"Ethereum Holds Key Support, What Could Spark A Fresh Rally"},"content":{"rendered":"
Ethereum is facing resistance near the $4,600 zone against the US Dollar. ETH must stay above $4,450 to start a steady increase in the near term.<\/em><\/p>\n Ethereum declined below the $4,500 support, but the bulls defended the $4,450 zone. ETH seems to be forming a base above the $4,450 support level and is slowly rising.<\/p>\n There was a break above the $4,500 level and the 100 hourly simple moving average<\/a>. The price cleared the 23.6% Fib retracement level of the recent drop from the $4,780 swing high to $4,455 low. It is now consolidating above the $4,520 level.<\/p>\n An initial resistance on the upside is near the $4,600 level. There is also a major bearish trend line forming with resistance near $4,600 on the hourly chart of ETH\/USD.<\/p>\n The first major resistance is near the $4,620 level. It is near the 50% Fib retracement level of the recent drop from the $4,780 swing high to $4,455 low. A clear move above the $4,600 and $4,620 levels could send the price further higher<\/a>.<\/p>\n <\/a><\/p>\n The next major resistance is near the $4,705 level. Any more gains could lift the price towards the $4,800 resistance zone in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $4,620 level, it could start another decline. An initial support on the downside is near the $4,500 level.<\/p>\n The first key support is now forming near the $4,450 level. A downside break below the $4,450 support zone and the recent low might spark a major decline. In the stated case, the price may perhaps decline towards the $4,320 level. The next major breakdown support is $4,250, below which the price could decline towards $4,000.<\/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 well above the 50 level.<\/p>\n Major Support Level \u2013 $4,450<\/p>\n Major Resistance Level \u2013 $4,620<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is facing resistance near the $4,600 zone against the US Dollar. ETH must stay above $4,450 to start a steady increase in the near term. Ethereum is consolidating above the key $4,450 support zone. The price is now trading above $4,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $4,600 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh rally as long as it is above the $4,450 level and the 100 hourly SMA. Ethereum Price Attempts Fresh Increase Ethereum declined below the $4,500 support, but the bulls defended the $4,450 zone. ETH seems to be forming a base above the $4,450 support level and is slowly rising. There was a break above the $4,500 level and the 100 hourly simple moving average. The price cleared the 23.6% Fib retracement level of the recent drop from the $4,780 swing high to $4,455 low. It is now consolidating above the $4,520 level. An initial resistance on the upside is near the $4,600 level. There is also a major bearish trend line forming with resistance near $4,600 on the hourly chart of ETH\/USD. The first major resistance is near the $4,620 level. It is near the 50% Fib retracement level of the recent drop from the $4,780 swing high to $4,455 low. A clear move above the $4,600 and $4,620 levels could send the price further higher. Source: ETHUSD on TradingView.com The next major resistance is near the $4,705 level. Any more gains could lift the price towards the $4,800 resistance zone in the near term. Fresh Drop in ETH? If ethereum fails to start a fresh increase above the $4,620 level, it could start another decline. An initial support on the downside is near the $4,500 level. The first key support is now forming near the $4,450 level. A downside break below the $4,450 support zone and the recent low might spark a major decline. In the stated case, the price may perhaps decline towards the $4,320 level. The next major breakdown support is $4,250, below which the price could decline towards $4,000. 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 well above the 50 level. Major Support Level \u2013 $4,450 Major Resistance Level \u2013 $4,620<\/p>\n","protected":false},"author":67,"featured_media":463156,"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-478042","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 Attempts Fresh Increase<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Drop in ETH?<\/h2>\n