Ethereum follows Bitcoin, why ETH can move towards 4K

Ethereum has started to rise again from the জ 3,400 support zone against the US dollar. The ETH price could be higher if there is a clear break above $ 3,650.

  • Ethereum has started a new rise above the resistance levels of $ 3,500 and 3,550.
  • The price is now trading above the simple simple average of $ 3,550 and 100 hours.
  • ETH / USD (data feed via Kraken) had a break above a key bearish trend line with resistance around $ 3,500 per hour on the chart.
  • The pair could start a new rally if there is a clear break above $ 3,650 and $ 3,660.

The price of etherium rises

Ethereum was well supported above $ 3,400. ETH has started a new rise above the ঘন্টা 3,500 resistance zone and the 100-hour simple simple average similar to Bitcoin.

The ETH / USD hourly chart had a break above a key bearish trend line with resistance near $ 3,500. The pair is now trading above the $ 3,550 resistance zone. Ether prices have even crossed the $ 3,600 resistance zone.

A high is formed around $ 3,656 and the price is now consolidating gains. This is above the recent uptrend. The dollar is high. The price is now showing positive signs above $ 3,630. Immediate upward is an instantaneous resistance near the $ 3,650 level.

Source: ETHUSD on

The next major resistance is near the $ 3,660 level, above which the price may start a new geopolitical. In the case described, the price could rise to the 3,750 level. Any gain could set the pace for the 4,000 level in the near term.

Dips Ltd. at ETH?

If Ethereum fails to move above the মাত্র 3,650 and $ 3,660 resistance levels, it could start a new negative correction. The initial support on the negative side is close to the $ 3,600 level.

The first key support is now forming near the 3,550 level. It is $ 3,656 higher from the লো 3,413 swing low near the 50% Fib retracement level of the recent upward move. If there is a negative break below the support level of 3, 3,550 and 3,535, the price may fall further. The next key support is around $ 3,450.

Technical indicators

MACD per hourMACD is gaining momentum in the bullish zone for ETH / USD.

RSI per hourETH / USD RSI is now above 60.

Main support level – $ 3,550

The main resistance level – $ 3,660

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