NewsBTC
2023-04-19 03:25:40

Ethereum Price Stuck In Key Range And 100 SMA Could Spark Fresh Increase

Ethereum price remained well-supported above the $2,050 zone against the US Dollar. ETH could gain bullish momentum if it clears the $2,125 resistance. Ethereum is showing positive signs but facing resistance near the $2,125 level. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance near $2,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above $2,125. Ethereum Price Holds Support Ethereum’s price started a downside correction from the $2,125 resistance zone. ETH declined below $2,100 but the bulls were active above $2,050, similar to Bitcoin. It seems like Ether is stuck in a range with major resistance at $2,125. The recent low is formed near $2,071 and the price is now consolidating. There was a move above the $2,085 level and the price tested the 61.8% Fib retracement level of the recent decline from the $2,124 swing high to the $2,071 low. Ether is trading above $2,050 and the 100-hourly Simple Moving Average. Immediate resistance is near the $2,110 zone. There is also a key contracting triangle forming with resistance near $2,110 on the hourly chart of ETH/USD. The triangle resistance is close to the 76.4% Fib retracement level of the recent decline from the $2,124 swing high to the $2,071 low. The next major resistance is near the $2,125 zone. A close above the $2,125 resistance zone could start a fresh increase. Source: ETHUSD on TradingView.com In the stated case, the price could rise toward the $2,200 resistance. Any more gains could send Ether toward the $2,320 resistance in the near term. Downside Break in ETH? If Ethereum fails to clear the $2,125 resistance, it could react to the downside. Initial support on the downside is near the $2,070 level and the 100-hourly Simple Moving Average. The next major support is near the $2,050 zone, below which ether price might decline heavily. In the stated case, the price could revisit $2,000. Any more losses may perhaps send the price toward $1,925. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is near the 50 level. Major Support Level – $2,050 Major Resistance Level – $2,125

Hankige Crypto uudiskiri
Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine