ETHUSD on TradingView.com<\/a><\/pre>\nAn immediate resistance on the upside is near the $3,820 level. The next major resistance is near the $3,850 level. A clear upside break above the $3,850 level could pump the price towards $4,000. Any more gains could send the price towards the $4,120 level. The main resistance is near the $4,200 level.<\/p>\n
Downside Break in ETH?<\/h2>\n If ethereum fails to start a fresh increase above the $3,850 level, it could start a downside correction. An initial support on the downside is near the $3,780 level or the trend line. The first key support is now forming near the $3,865 and the 100 hourly SMA.<\/p>\n
A downside break below the 100 hourly SMA could put a lot of pressure on the bulls. In the stated case, the price could decline towards the $3,740 support zone in the near term. It is near the 50% Fib retracement level of the recent increase from the $3,622 swing low to $3,854 high.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing pace in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is near the 50 level.<\/p>\nMajor Support Level \u2013 $3,750<\/p>\n
Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum started a fresh increase above the $3,750 level against the US Dollar. ETH price is now struggling to gain pace above the $3,850 zone. Ethereum started a steady increase above the $3,700 zone and $3,750. The price is trading above $3,750 and the 100 hourly simple moving average. There is a key bullish trend lien forming with support near $3,780 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above the 100 hourly SMA to avoid a fresh decline in the near term. Ethereum Price Starts Decent Increase Ethereum formed a base above $3,600 and started a fresh increase. ETH was able to climb above the $3,750 resistance zone to move into a positive zone. There was a clear move above the $3,800 level and the 100 hourly simple moving average. A new weekly high was formed near $3,854 and the price is now consolidating gains. There was a minor decline below the $3,840 and $3,820 levels. The price traded below the 23.6% Fib retracement level of the recent increase from the $3,622 swing low to $3,854 high. It is now trading near $3,800 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,820 level. The next major resistance is near the $3,850 level. A clear upside break above the $3,850 level could pump the price towards $4,000. Any more gains could send the price towards the $4,120 level. The main resistance is near the $4,200 level. Downside Break in ETH? If ethereum fails to start a fresh increase above the $3,850 level, it could start a downside correction. An initial support on the downside is near the $3,780 level or the trend line. The first key support is now forming near the $3,865 and the 100 hourly SMA. A downside break below the 100 hourly SMA could put a lot of pressure on the bulls. In the stated case, the price could decline towards the $3,740 support zone in the near term. It is near the 50% Fib retracement level of the recent increase from the $3,622 swing low to $3,854 high. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is near the 50 level. Major Support Level \u2013 $3,750 Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"author":67,"featured_media":464597,"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-480187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
TA: Ethereum is Showing Early Signs of Fresh Rally, But 100 SMA is the Key<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n