{"id":480351,"date":"2022-01-05T05:48:59","date_gmt":"2022-01-05T05:48:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=480351"},"modified":"2024-06-11T11:53:25","modified_gmt":"2024-06-11T11:53:25","slug":"ethereum-bulls-aim-fresh-rally-4k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-bulls-aim-fresh-rally-4k\/","title":{"rendered":"TA: Why Ethereum Bulls Aim Fresh Rally Above $4K"},"content":{"rendered":"
Ethereum is holding gains above the $3,800 level against the US Dollar. ETH price is struggling near $3,880, but it could accelerate higher unless the bulls fail to protect $3,680.<\/em><\/p>\n Ethereum made another attempt to gain strength above the $3,850 level<\/a>. ETH spiked above $3,880, but there was no upside continuation. A high was formed near $3,891 before there was a downside correction.<\/p>\n The price declined below the $3,850 and $3,820 levels. Besides, there was a break below the 50% Fib retracement level of the upward move from the $3,681 swing low to $3,891 high. However, the bulls were active near the $3,750 zone and the 100 hourly simple moving average<\/a>.<\/p>\n It found support near the 61.8% Fib retracement level of the upward move from the $3,681 swing low to $3,891 high. There is also a key bullish trend line forming with support near $3,800 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n Ether price is now trading above $3,800 and the 100 hourly simple moving average. An immediate resistance is near the $3,850 level. The next major resistance is near the $3,880 level. A clear upside break above the $3,880 level could pump the price towards $4,000. Any more gains could send the price towards the $4,120 level. The next main resistance is near the $4,250 level.<\/p>\n If ethereum fails to start a fresh increase above the $3,850 level, it could continue to move down. An initial support on the downside is near the $3,800 level.<\/p>\n The first key support is now forming near the $3,740 level. A downside break below the $3,740 level might lead the price towards the key $3,680 support in the near term. The next major support is near the $3,600 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\n Major Support Level \u2013 $3,740<\/p>\n Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is holding gains above the $3,800 level against the US Dollar. ETH price is struggling near $3,880, but it could accelerate higher unless the bulls fail to protect $3,680. Ethereum started another decline from the $3,880 resistance zone. The price is trading above $3,800 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,800 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear the $3,880 zone to start a fresh increase in the near term Ethereum Price Remains Supported Ethereum made another attempt to gain strength above the $3,850 level. ETH spiked above $3,880, but there was no upside continuation. A high was formed near $3,891 before there was a downside correction. The price declined below the $3,850 and $3,820 levels. Besides, there was a break below the 50% Fib retracement level of the upward move from the $3,681 swing low to $3,891 high. However, the bulls were active near the $3,750 zone and the 100 hourly simple moving average. It found support near the 61.8% Fib retracement level of the upward move from the $3,681 swing low to $3,891 high. There is also a key bullish trend line forming with support near $3,800 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com Ether price is now trading above $3,800 and the 100 hourly simple moving average. An immediate resistance is near the $3,850 level. The next major resistance is near the $3,880 level. A clear upside break above the $3,880 level could pump the price towards $4,000. Any more gains could send the price towards the $4,120 level. The next main resistance is near the $4,250 level. Downside Break in ETH? If ethereum fails to start a fresh increase above the $3,850 level, it could continue to move down. An initial support on the downside is near the $3,800 level. The first key support is now forming near the $3,740 level. A downside break below the $3,740 level might lead the price towards the key $3,680 support in the near term. The next major support is near the $3,600 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is above the 50 level. Major Support Level \u2013 $3,740 Major Resistance Level \u2013 $3,850<\/p>\n","protected":false},"author":67,"featured_media":464347,"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-480351","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 Remains Supported<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Downside Break in ETH?<\/h2>\n