{"id":461239,"date":"2021-04-14T05:08:50","date_gmt":"2021-04-14T05:08:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=461239"},"modified":"2024-06-11T14:13:08","modified_gmt":"2024-06-11T14:13:08","slug":"ta-ethereum-sets-new-ath-heres-why-the-bulls-could-aim-2500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ta-ethereum-sets-new-ath-heres-why-the-bulls-could-aim-2500\/","title":{"rendered":"TA: Ethereum Sets New ATH, Here\u2019s Why The Bulls Could Aim $2,500"},"content":{"rendered":"
Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels.<\/em><\/p>\n Ethereum started a strong increase after it broke the $2,200 resistance zone<\/a>. ETH broke many hurdles near $2,220 and $2,250 to move into a positive zone.<\/p>\n There was a clear break above the $2,300 resistance levels. Moreover, there was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH\/USD. It is now trading well above the 1.236 Fib extension level of the downward move from the $2,200 swing high to $2,102 low.<\/p>\n Ether is now trading well above $2,250 and the 100 hourly simple moving average. It is showing a lot of positive signs above the $2,300 level, and it traded to a new all-time high, similar to bitcoin<\/a>.<\/p>\n <\/a><\/p>\n It seems like the bulls are aiming a test of the $2,400 level. An intermediate resistance could be $2,355. It is near the 2.618 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Any more gains could open the doors for a push towards the $2,500 level in the near term.<\/p>\n If Ethereum fails to clear the $2,350 resistance, it could correct lower. The first major support is now forming near the $2,300 level or the broken triangle zone.<\/p>\n The main support is now near the $2,250 level. If ether fails to stay above the $2,250 support zone, it could continue to move down towards the $2,200 support zone. Any more losses might call for a test of the $2,180 support area and the 100 hourly simple moving average.<\/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 60 level.<\/p>\n Major Support Level \u2013 $2,300<\/p>\n Major Resistance Level \u2013 $2,400<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels. Ethereum is gaining pace above the $2,200 and $2,250 resistance levels. The price is now trading well above $2,250 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher towards the $2,400 and $2,420 levels in the near term. Ethereum Price Is Gaining Pace Ethereum started a strong increase after it broke the $2,200 resistance zone. ETH broke many hurdles near $2,220 and $2,250 to move into a positive zone. There was a clear break above the $2,300 resistance levels. Moreover, there was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH\/USD. It is now trading well above the 1.236 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Ether is now trading well above $2,250 and the 100 hourly simple moving average. It is showing a lot of positive signs above the $2,300 level, and it traded to a new all-time high, similar to bitcoin. Source: ETHUSD on TradingView.com It seems like the bulls are aiming a test of the $2,400 level. An intermediate resistance could be $2,355. It is near the 2.618 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Any more gains could open the doors for a push towards the $2,500 level in the near term. Dips Limited in ETH? If Ethereum fails to clear the $2,350 resistance, it could correct lower. The first major support is now forming near the $2,300 level or the broken triangle zone. The main support is now near the $2,250 level. If ether fails to stay above the $2,250 support zone, it could continue to move down towards the $2,200 support zone. Any more losses might call for a test of the $2,180 support area and the 100 hourly simple moving average. 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 60 level. Major Support Level \u2013 $2,300 Major Resistance Level \u2013 $2,400<\/p>\n","protected":false},"author":67,"featured_media":461241,"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-461239","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 Gaining Pace<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n