{"id":469701,"date":"2021-08-20T05:08:52","date_gmt":"2021-08-20T05:08:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=469701"},"modified":"2024-06-11T12:57:46","modified_gmt":"2024-06-11T12:57:46","slug":"ta-ethereum-reverse-losses-what-could-spark-rally-to-3500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ta-ethereum-reverse-losses-what-could-spark-rally-to-3500\/","title":{"rendered":"TA: Ethereum Reverse Losses, What Could Spark Rally To $3,500"},"content":{"rendered":"
Ethereum remained well bid above the $2,950 support against the US Dollar. ETH price started a fresh increase and it could even surpass the $3,300 resistance.<\/em><\/p>\n Ethereum remained well bid above the $2,950 support zone, similar to bitcoin<\/a> near $44,000. ETH price formed a base above $2,950 and it started a fresh increase.<\/p>\n There was a clear break above the $3,000 and $3,050 resistance levels. The price rallied above the 50% Fib retracement level of the main decline from the $3,335 swing high to $2,950 low. Ether even settled above the $3,150 level and the 100 hourly simple moving average<\/a>.<\/p>\n Besides, there was a break above a crucial bearish trend line with resistance near $3,150 on the hourly chart of ETH\/USD. The pair is now trading above the $3,200 resistance.<\/p>\n <\/a><\/p>\n On the upside, an initial resistance is near the $3,245 level. It is near the 76.4% Fib retracement level of the main decline from the $3,335 swing high to $2,950 low. The first key resistance is now forming near the $3,260 level. A break above the $3,260 zone could lift the price towards the $3,330 resistance. Any more gains may possibly call for a move towards the $3,500 level.<\/p>\n If ethereum fails to continue higher above the $3,245 and $3,260 resistance levels, it could start a fresh downside correction. An immediate support on the downside is near the $3,165 level.<\/p>\n The key support is now forming near the $3,150 zone and the 100 hourly simple moving average. A downside break below the $3,150 support zone could initiate a larger decline. The next major support could be $3,120, below which the bears might aim a retest of $3,000 in the near term.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining pace 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 $3,150<\/p>\n Major Resistance Level \u2013 $3,330<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum remained well bid above the $2,950 support against the US Dollar. ETH price started a fresh increase and it could even surpass the $3,300 resistance. Ethereum started a fresh increase above the $3,120 and $3,200 resistance levels. The price is now trading above $3,150 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $3,150 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could accelerate higher if there is a clear break above $3,260. Ethereum Price Turns Green Ethereum remained well bid above the $2,950 support zone, similar to bitcoin near $44,000. ETH price formed a base above $2,950 and it started a fresh increase. There was a clear break above the $3,000 and $3,050 resistance levels. The price rallied above the 50% Fib retracement level of the main decline from the $3,335 swing high to $2,950 low. Ether even settled above the $3,150 level and the 100 hourly simple moving average. Besides, there was a break above a crucial bearish trend line with resistance near $3,150 on the hourly chart of ETH\/USD. The pair is now trading above the $3,200 resistance. Source: ETHUSD on TradingView.com On the upside, an initial resistance is near the $3,245 level. It is near the 76.4% Fib retracement level of the main decline from the $3,335 swing high to $2,950 low. The first key resistance is now forming near the $3,260 level. A break above the $3,260 zone could lift the price towards the $3,330 resistance. Any more gains may possibly call for a move towards the $3,500 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,245 and $3,260 resistance levels, it could start a fresh downside correction. An immediate support on the downside is near the $3,165 level. The key support is now forming near the $3,150 zone and the 100 hourly simple moving average. A downside break below the $3,150 support zone could initiate a larger decline. The next major support could be $3,120, below which the bears might aim a retest of $3,000 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 60 level. Major Support Level \u2013 $3,150 Major Resistance Level \u2013 $3,330<\/p>\n","protected":false},"author":67,"featured_media":460240,"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-469701","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 Turns Green<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n