NewsBTC
2023-12-19 04:41:23

Ethereum Price Restarts Increase But Can Bulls Turn It Into Rally?

Ethereum price is recovering losses from the $2,120 support. ETH is up over 3% and the price could gain pace if it clears the $2,250 resistance. Ethereum is moving higher from the $2,120 support zone. The price is trading above $2,200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb further higher if it clears the $2,250 resistance zone. Ethereum Price Restarts Increase Ethereum price extended its decline below the $2,150 level. ETH remained strong above the $2,120 level. A low was formed near $2,116 and the price started a fresh increase, like Bitcoin. There was a move above the $2,150 and $2,200 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $2,332 swing high to the $2,116 low. There was also a break above a key bearish trend line with resistance near $2,210 on the hourly chart of ETH/USD. Ethereum is now trading above $2,200 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,250 level. It is close to the 61.8% Fib retracement level of the downward move from the $2,332 swing high to the $2,116 low. Source: ETHUSD on TradingView.com The next key resistance is near the $2,280 level. A clear move above the $2,280 zone could send the price toward the $2,330 level. The next resistance sits at $2,400. Any more gains could start a wave toward the $2,550 level, above which Ethereum might rally and test the $2,750 zone. Another Decline in ETH? If Ethereum fails to clear the $2,250 resistance, it could start another decline. Initial support on the downside is near the $2,210 level or the 100 hourly SMA. The first key support could be the $2,200 zone. A downside break and a close below $2,200 might start another major decline. In the stated case, Ether could revisit the $2,120 support. Any more losses might send the price toward the $2,000 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,200 Major Resistance Level – $2,250

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约