{"id":461821,"date":"2021-04-21T05:08:02","date_gmt":"2021-04-21T05:08:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=461821"},"modified":"2024-06-11T13:55:08","modified_gmt":"2024-06-11T13:55:08","slug":"ethereum-reclaims-100-sma","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-reclaims-100-sma\/","title":{"rendered":"TA: Ethereum Reclaims 100 SMA, What Does This Means For the Bulls"},"content":{"rendered":"
Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400.<\/em><\/p>\n Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels<\/a>.<\/p>\n There was a clear break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH\/USD. It opened the doors for a steady increase above the $2,250 and $2,300 resistance levels.<\/p>\n Ether climbed above the 61.8% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. It is now trading well above $2,300 and the 100 hourly simple moving average<\/a>. An immediate resistance is near the $2,350 level.<\/p>\n <\/a><\/p>\n The first key resistance is near the $2,370 level. It is near the 76.4% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. A clear upside break above the $2,350 and $2,370 levels could set the pace for a surge above the $2,400 level. In the stated case, ether price may easily revisit the $2,500 zone.<\/p>\n If Ethereum fails to clear the $2,350 and $2,370 resistance levels, it could correct lower. An initial support on the downside is near the $2,300 zone.<\/p>\n The first support is now forming near the $2,250 level and the 100 hourly simple moving average. If ether fails to stay above the 100 hourly simple moving average, there is a risk of more downsides below the $2,200 support. The next major support below $2,200 sits near the $2,150 pivot level.<\/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 $2,250<\/p>\n Major Resistance Level \u2013 $2,350<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400. Ethereum gained pace and it cleared the $2,300 resistance zone. The price is now trading well above $2,300 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is showing positive signs and it is likely to continue higher above $2,400. Ethereum Price Is Gaining Pace Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels. There was a clear break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH\/USD. It opened the doors for a steady increase above the $2,250 and $2,300 resistance levels. Ether climbed above the 61.8% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. It is now trading well above $2,300 and the 100 hourly simple moving average. An immediate resistance is near the $2,350 level. Source: ETHUSD on TradingView.com The first key resistance is near the $2,370 level. It is near the 76.4% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. A clear upside break above the $2,350 and $2,370 levels could set the pace for a surge above the $2,400 level. In the stated case, ether price may easily revisit the $2,500 zone. Downsides Limited in ETH? If Ethereum fails to clear the $2,350 and $2,370 resistance levels, it could correct lower. An initial support on the downside is near the $2,300 zone. The first support is now forming near the $2,250 level and the 100 hourly simple moving average. If ether fails to stay above the 100 hourly simple moving average, there is a risk of more downsides below the $2,200 support. The next major support below $2,200 sits near the $2,150 pivot level. 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 $2,250 Major Resistance Level \u2013 $2,350<\/p>\n","protected":false},"author":67,"featured_media":461823,"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-461821","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
Downsides Limited in ETH?<\/h2>\n