🔄 ETH Holding the Line? Buyers Eye Re-Entry at Key Support
koinmilyoner
Updated at: 3 hours ago
{"content":"🔄 ETH Holding the Line? Buyers Eye Re-Entry at Key Support
Ether found support around $3,400. ETH is increasing and may soon reach $3,800.
Ethereum rose again over $3,440 and $3,550.
The price is above $3,550 and the 100-hour SMA.
The hourly ETH/USD chart shows a bullish trend line with support at $3,620.
If sustained over $3,600, the pair may rise again.
Ethereum Price Expects Growth
Like Bitcoin, Ethereum fell from $3,880. Below $3,750 and $3,500 support levels, ETH fell.
The price fell below $3,400 and the 100-hourly SMA. Support zone $3,365 was tested. Following a $3,369 low, the price is climbing. Above $3,450 and $3,500 resistance levels.
The price broke the 50% Fib retracement level of the $3,877 swing high to $3,369 low decline. Ethereum is over $3,550 and the 100-hour SMA. On the hourly ETH/USD chart, a bullish trend line with support around $3,620 is formed.
Price may find resistance at $3,720 on the upside. Near $3,750 is the next resistance. It is around the 76.4% Fib retracement of the $3,877 swing high to $3,369 low decline.
Near $3,800 is the first significant resistance. A clean break over $3,800 might push the price above $3,880. Above $3,880 barrier might lead to greater advances in the following sessions. Ether may soar to $4,000 or $4,120 soon.
Another ETH Drop?
Ethereum may fall if it fails to break $3,750. Around $3,620 is first downward support. First main support is around $3,600.
A decisive break below $3,600 might bring the market near $3,550. If losses continue, the price may reach $3,500 support. Next important support is $3,450.
Tech Indicators
Hourly ETH/USD MACD is rising in the positive zone.
Hourly ETH/USD RSI is over 50.
Major Support: $3,600
Major Resistance: $3,750
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