• Latest
  • Trending
Ethereum Loses Momentum, Why Bulls Could Aim Break Above $4,500

Ethereum Loses Momentum, Why Bulls Could Aim Break Above $4,500

November 1, 2021
KyberSwap exploiter linked to $50M HXA token movement

KyberSwap exploiter linked to $50M HXA token movement

December 10, 2023
Uphold Enters XRP Custody Scene, Here’s What This Means

Uphold Enters XRP Custody Scene, Here’s What This Means

December 10, 2023
LINK Price Breaks Above $15 With 33% Rally

On-Chain Data Reveals Dogecoin Has Broken All Major Resistance

December 10, 2023
UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

December 10, 2023
Elon Musk Has Important Message for Cryptocurrency Holders

Elon Musk Has Important Message for Cryptocurrency Holders

December 10, 2023
How To Mine Bitcoin And Crypto

How To Mine Bitcoin And Crypto

December 10, 2023
US gov’t removes two crypto AML rules from national defense bill

US gov’t removes two crypto AML rules from national defense bill

December 9, 2023
Cardano Founder Says He and 50 Cent in ‘Same Club’ Now, Here’s His Message

Cardano Founder Says He and 50 Cent in ‘Same Club’ Now, Here’s His Message

December 9, 2023
What Is A DAO

What Is A DAO

December 9, 2023
  • Privacy Policy
Sunday, December 10, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Ethereum Loses Momentum, Why Bulls Could Aim Break Above $4,500

J_News by J_News
November 1, 2021
in Crypto, Top News
0
Ethereum Loses Momentum, Why Bulls Could Aim Break Above $4,500
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Ethereum failed to test $4,500 and corrected lower against the US Dollar. ETH is trading above $4,150 and it might attempt a fresh increase in the near term.

  • Ethereum started a downside correction below the $4,320 and $4,250 levels.
  • The price is now trading below $4,300 and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh increase if it stays above the $4,150 support zone.

Ethereum Price Eyes Fresh Increase

Ethereum failed to settle above $4,400 level and started a fresh decline. ETH price declined below the $4,320 support level to move into a short-term bearish zone.

There was also a break below $4,250 and the 100 hourly simple moving average. However, the bulls appeared near the $4,150 support zone. A low is formed near $4,152 and the pair is now recovering losses. It cleared the $4,200 resistance zone.

Ether is now trading above the 23.6% Fib retracement level of the recent decline from the $4,393 high to $4,152 low. An initial resistance on the upside is near the $4,250 level.

The 50% Fib retracement level of the recent decline from the $4,393 high to $4,152 low is near the $4,270 level. The 100 hourly SMA is also near the $4,270 level. The next major resistance is near the $4,300 level. There is also a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

A close above the $4,300 level could spark a sharp increase in the near term. In the stated case, the price might rise towards the $4,400 level. Any more gains could lift the price towards the next key hurdle at $4,550.

Dips Limited in ETH?

If ethereum fails to continue higher above the $4,300 and $4,320 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,200 level.

The first key support is now forming near the $4,150 level and the recent low. A downside break below the $4,150 support might push the price below the $4,100 support. The next key support is near $4,000.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing pace in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 level.

Major Support Level – $4,150

Major Resistance Level – $4,300



Source link

Related articles

KyberSwap exploiter linked to $50M HXA token movement

KyberSwap exploiter linked to $50M HXA token movement

December 10, 2023
Uphold Enters XRP Custody Scene, Here’s What This Means

Uphold Enters XRP Custody Scene, Here’s What This Means

December 10, 2023
ShareTweetShareShare
Previous Post

Shiba Inu Continues to Smash Records | by Awwspire Media | The Capital | Oct, 2021

Next Post

Ant Group, Tencent, JD.com Sign NFT ‘Self-Regulation’ Convention

Related Posts

KyberSwap exploiter linked to $50M HXA token movement

KyberSwap exploiter linked to $50M HXA token movement

by J_News
December 10, 2023
0

Blockchain security firm Cyvers detected a movement of $50 million in HXA tokens, the native utility token of the Herencia...

Uphold Enters XRP Custody Scene, Here’s What This Means

Uphold Enters XRP Custody Scene, Here’s What This Means

by J_News
December 10, 2023
0

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views...

LINK Price Breaks Above $15 With 33% Rally

On-Chain Data Reveals Dogecoin Has Broken All Major Resistance

by J_News
December 10, 2023
0

The price of Dogecoin has sometimes struggled this year, but the meme token has been on such a great run...

UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

by J_News
December 10, 2023
0

The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority...

Elon Musk Has Important Message for Cryptocurrency Holders

Elon Musk Has Important Message for Cryptocurrency Holders

by J_News
December 10, 2023
0

"Not your keys, not your wallet" is probably one of the most important rules of the cryptocurrency industry that investors...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

CCAIT (Chatcrypto Token) an AI based crypto token soars to $0.1 price, Increase 100X within 24 hours of launch in Dex Pancakeswap

Solana price hits 17-month high above $54: What next for SOL?

Immunefi Reports $2.3B of Funds Lost in Crypto in 2022

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT