Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level.
- Ethereum is rising steadily and trading above the $3,350 resistance.
- די פּרייַז איז איצט טריידינג העכער $ 3,350 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- עס איז אַ שליסל קאַנטראַקטינג דרייַעק פאָרמינג מיט קעגנשטעל ביי $ 3,400 אויף די אַורלי טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken).
- די פּאָר קען אָנהייבן אן אנדער פאַרגרעסערן אויב עס קלירז די קעגנשטעל לעוועלס פון $ 3,400 און $ 3,420.
Ethereum Price Targets $3,500
Ethereum formed a base above the 3,120 $ שטיצן זאָנע. ETH started another increase and cleared the $3,250 resistance.
There was also a clear move above the $3,350 level and the price settled above the 100 אַורלי פּשוט מאָווינג דורכשניטלעך. It traded to a new multi-week high at $3,431 and is currently consolidating gains. There was a minor move below the $3,400 level.
Ether price declined below the 23.6% Fib retracement level of the recent rise from the $3,130 swing low to $3,431 high. On the upside, an initial resistance is near the $3,400 level.
There is also a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD. The next major resistance is near the $3,420 level. Ether price could start another surge if there is a clear move above the $3,420 resistance.
מקור: ETHUSD אויף TradingView.com
A close above the $3,420 level might pump the price towards the $3,500 level. Any more gains might call for a move towards the $3,650 resistance zone in the coming sessions.
דיפּס געשטיצט אין ETH?
If ethereum fails to start a fresh increase above the $3,400 level, it could start a downside correction. An initial support on the downside is near the $3,360 zone. The next major support is near the $3,300 level. It is near the 50% Fib retracement level of the recent rise from the $3,130 swing low to $3,431 high.
The main support is near the $3,250 zone and a connecting bullish trend line. A downside break below the $3,250 support zone might put a lot of pressure on the bulls. In the stated case, the price might drop to $3,100.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז איצט גיינינג גאַנג אין די בוליש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט העכער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 3,250
הויפּט קעגנשטעל לעוועל - 3,400 $
Source: https://www.newsbtc.com/analysis/eth/ethereum-approaches-breakout-3400/