TA: Ethereum Stages Major Rally, Why ETH Could Revisit $4K

TA: Ethereum Stages Major Rally, Why ETH Could Revisit $4K


Ethereum started a strong rally and it cleared $3,500 against the US Dollar. ETH price even climbed above $3,800 and it could rise further towards $4,000 in the next few days.

Ethereum started a major increase above the $3,500 and $3,650 resistance levels. The price is now trading above $3,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip in the short-term, but it might find bids near $3,680 or $3,620. Ethereum Price Extends Rally

Ethereum remains in a strong uptrend above the $3,500 pivot level. ETH gained pace and it was able to surpass the $3,650 resistance level. The price even surpassed $3,750 and settled well above the 100 hourly simple moving average.

Trending: Was Donald Trump Just Filmed Inside The White House?

Finally, there was a break above $3,800 and the price tested the $3,840 zone. A high is formed near

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend