{"id":461134,"date":"2021-04-13T05:08:06","date_gmt":"2021-04-13T05:08:06","guid":{"rendered":"https:\/\/uniquehot.com\/?p=461134"},"modified":"2024-06-11T14:14:48","modified_gmt":"2024-06-11T14:14:48","slug":"ethereum-consolidates-gains-2200","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-consolidates-gains-2200\/","title":{"rendered":"TA: Ethereum Consolidates Gains, Here\u2019s What Could Spark A Fresh Rally"},"content":{"rendered":"
Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200.<\/em><\/p>\n Ethereum remained well offered near the $2,200 resistance<\/a> zone. Recently, ETH failed to clear the $2,200 resistance, formed a high near $2,200, and corrected lower.<\/p>\n There was a drop below the $2,150 support level, but the price was well supported near the $2,100 level. A low was formed near $2,102 and the price is now moving higher. There was a break above the 50% Fib retracement level of the recent decline from the $2,200 high to $2,102 low.<\/p>\n Ether is now trading well above $2,100 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $2,125 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n On the upside, an immediate resistance is near the $2,175 level. It is near the 76.4% Fib retracement level of the recent decline from the $2,200 high to $2,102 low. The main hurdle is still near $2,200, above which the price is likely to start a strong rally. In the stated case, ether might jump 8%-10%.<\/p>\n If Ethereum fails to clear the $2,200 resistance, it could correct lower. The first major support is now forming near the $2,125 level, the 100 hourly SMA, and the trend line.<\/p>\n The main support is now near the $2,100 level. A clear downside break below the trend line support and the $2,100 zone could lead the price towards the $2,000 support level in the coming sessions. Any more losses will most likely call for a test of $1,940.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum 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 $2,100<\/p>\n Major Resistance Level \u2013 $2,200<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200. Ethereum is trading in a positive zone above the $2,100 and $2,080 support levels. The price is now trading well above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,125 on the hourly chart of ETH\/USD (data feed via Kraken). The pair remains well bid and it is likely to start a fresh rally above the $2,200 resistance. Ethereum Price Is Holding Gains Ethereum remained well offered near the $2,200 resistance zone. Recently, ETH failed to clear the $2,200 resistance, formed a high near $2,200, and corrected lower. There was a drop below the $2,150 support level, but the price was well supported near the $2,100 level. A low was formed near $2,102 and the price is now moving higher. There was a break above the 50% Fib retracement level of the recent decline from the $2,200 high to $2,102 low. Ether is now trading well above $2,100 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $2,125 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, an immediate resistance is near the $2,175 level. It is near the 76.4% Fib retracement level of the recent decline from the $2,200 high to $2,102 low. The main hurdle is still near $2,200, above which the price is likely to start a strong rally. In the stated case, ether might jump 8%-10%. Dips Limited in ETH? If Ethereum fails to clear the $2,200 resistance, it could correct lower. The first major support is now forming near the $2,125 level, the 100 hourly SMA, and the trend line. The main support is now near the $2,100 level. A clear downside break below the trend line support and the $2,100 zone could lead the price towards the $2,000 support level in the coming sessions. Any more losses will most likely call for a test of $1,940. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 50 level. Major Support Level \u2013 $2,100 Major Resistance Level \u2013 $2,200<\/p>\n","protected":false},"author":67,"featured_media":461136,"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-461134","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 Is Holding Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n