Ethereum

Ethereum extended its rally and it traded to a new all-time high near $3,550 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid near $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,550. The price is now trading well above $3,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair is correcting lower, but the bulls are likely to remain active near $3,400. Ethereum Price Gains Traction Ethereum formed a new support base above the $3,250 and started a fresh increase. ETH outpaced bitcoin and it broke the $3,400 resistance to start a fresh rally. It even climbed above the $3,500 level and traded to a new all-time high near $3,550. It is now trading well above $3,400 and the 100 hourly simple moving average. Recently, there was a downside correction from the $3,551 high and the price traded below $3,500. Ether traded below the 23.6% Fib retracement level of the recent wave from the $3,289 swing low to $3,551 high. On the downside, the first major support is near the $3,420 level. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent wave from the $3,289 swing low to $3,551 high is also near the $3,420 level. The main support is now forming near the $3,400 level. There is also a major bullish trend line forming with support near $3,390 on the hourly chart of ETH/USD. Any more losses might call for a drop towards the $3,250 support zone in the near term. More Upsides in ETH? If Ethereum remains stable above the $3,400 zone, it could start a fresh increase. An immediate resistance on the upside is near the $3,500 level. A successful close above the $3,500 level could lead ether price towards the $3,550 level. The next key resistance is near $3,620, above which the bulls might aim a test of the $3,750 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is correcting lower and it is approaching the 50 level. Major Support Level – $3,400 Major Resistance Level – $3,550

Ethereum extended its rally and it traded to a new all-time high above $4,000 against the US Dollar. ETH price is showing a lot of positive signs and it is likely to climb above $4,100. Ethereum extended its rally above $3,900 and it traded to a new all-time high near $4,030. The price is now trading well above $3,950 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards the $4,100 and $4,150 resistance levels. Ethereum Price Rallies Further Ethereum remained well supported above the $3,750 zone. The last swing low was formed near $3,722 before ETH price started a fresh increase. It outpaced bitcoin and it broke the $3,900 resistance to start a fresh rally. It even climbed above the $3,950 level and a connecting bearish trend line on the hourly chart. The pair extended its rally above $4,000 and it traded to a new all-time high near $4,030. Ether price is now trading well above $3,950 and the 100 hourly simple moving average. The current price action is very positive, with an immediate resistance at $4,050. It is close to the 1.236 Fib extension level of the downward move from the $3,985 high to $3,722 low. Source: ETHUSD on TradingView.com The first major resistance is near the $4,150 level. It represents the 1.618 Fib extension level of the downward move from the $3,985 high to $3,722 low. Any more gains could set the pace for a strong upward move towards the $4,200 and $4,250 levels in the near term. The next major stop for the bulls may possibly be $4,500. Dips Supported in ETH? If Ethereum fails to continue higher towards $4,150, it could start a downside correction. An initial support on the downside is near the $3,950 level. The first key support is near the $3,920 level. There is also a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH/USD. If there is a downside break below the trend line, the pair could dive towards the $3,800 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is well above the 60 level. Major Support Level – $3,920 Major Resistance Level – $4,150

Ethereum is ripping, now well above $4,000 per ETH and in full price discovery mode. But with no obvious resistance levels, how can anyone prepare for when the trending altcoin runs out of steam and eventually reverses? Technical analysis indicators, as well as fundamental tools are two possibilities, however, simple mathematics could also play an important factor. Here’s how, along with a look at how the same math stopped the Bitcoin bull train in its tracks. Crypto Market Cycles, Expectations, And Wild Analyst Targets As much as analysts and traders can get a good read on an asset and its value, or even how price action could play out, there’s truly no predicting every aspect of cryptocurrency cycles. Years ago before Bitcoin became a household name, analyst had been predicting $2,0000-3,000 per BTC. Yet at the height of hype, it reached nearly $20,000 per coin. Related Reading | Lucky Number 7: Ethereum Breaks Total Crypto Monthly Record A lot more people know what Bitcoin is now, and it enjoys a lot more brand visibility, recognition, and hype than it ever had before. Expectations for it now run to well over $300,000 per coin, yet the once trending cryptocurrency has been stuck below $60,000 for weeks now after repeated rejections. The struggle has been largely due to capital flowing into another hotly hyped crypto asset instead: Ethereum. Ethereum versus Bitcoin Fibonacci extensions compared | Source: ETHUSD on TradingView.com Will Ethereum Take Pause Where Bitcoin Took A Breather? Ethereum has not only outperformed Bitcoin in 2021, it has done so since the moment is entered the cryptocurrency market. Like Bitcoin, Ethereum is well above its former all-time high, but hasn’t yet reached any sort of stopping point. However, that could be very close, if Ether follows the path cleared by the first ever cryptocurrency. It was clear skies for Bitcoin until only recently once it surpassed its former peak, and it kept right on roaring not just to double its former high, but it has now tripled it and then some. Related Reading | Creator Of Flawless Top Indicator Says Bitcoin Isn’t Done, Despite Signal To be exact, the high reached the 3.618 Fibonacci extension – which also could end up acting as a logical place for Ethereum to pause also. Fibonacci extensions and retracements levels are ratios based on the Fibonacci sequence – a series of numbers where the sum of the two previous numbers is the following number in the sequence. ETHUSD just tapped the 3 Fib extension, and is headed to the 3.272 next – the first place where Bitcoin began to struggle with resistance. The 3.618 extension still remains the local peak for BTC – is this also where the top ranked altcoin will begin to run out of steam? Featured image from iStockPhoto, Charts from TradingView.com

Ethereum reached highs over $4,000 today and Bitcoin made another attempt at over $59,000. Within a two-hour window, more than 10% of recent gains were wiped out sending Ether back below the key level and Bitcoin tumbling lower. Is this a sign of a reversal in the making, or are these powerfully trending assets simply too unstoppable right now for the rally to be over? Ethereum, Bitcoin Dive Nearly 10% In Violent Free Fall Ethereum has had one of its most productive months yet in terms of ROI, all while Bitcoin has struggled to maintain local highs. The recent altcoin season has been especially fruitful, propelling Dogecoin to nearly a dollar and Ether to $4,000. Related Reading | Lucky Number 7: Ethereum Breaks Total Crypto Monthly Record While Bitcoin consolidates, these altcoins are making the cryptocurrency’s recent run look like child’s play in terms of ROI. However, much of that ROI was just erased in a matter of minutes. Within two hours 10% was gone from both coins | Source: ETHUSD on TradingView.com What This Means For The Current Crypto Market Cycle A long and nasty wick is all that remains on both BTCUSD and ETHUSD on the shortest timeframes. Currently, the daily on both crypto assets looks bearish but a bear trap ahead of a breakout isn’t out of the cards. Crypto has been a full bull mode for some time, and a correction could also be long overdue. These assets are up hundreds if not thousands of a percent already this year, and have barely taken a breather. Related Reading | Creator Of Flawless Top Indicator Says Bitcoin Isn’t Done, Despite Signal Markets tend to correct when participants least expect it, and the current greed and exuberance has been the highest in years. An unexpected correction could leaves bulls gasping for air and wondering what happened. Featured image from iStockPhoto, Charts from TradingView.com

Ethereum traded to a new all-time high above $4,200 before correcting lower against the US Dollar. ETH price is now trading well below $4,000, with a few bearish signs. Ethereum extended its rally above $4,000 and it traded to a new all-time high near $4,215. The price is now correcting below $4,000 and testing the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower towards the $3,600 and $3,500 support levels. Ethereum Price Corrects Lower Ethereum extended its upward move after it broke the $4,000 resistance zone. ETH price even cleared the $4,150 resistance and $4,200. It traded to a new all-time high near $4,215 before starting a sharp downside correction. There was a break below the $4,100 and $4,000 support levels. Ether declined heavily below $4,000 and the 100 hourly simple moving average. There was also a break below a key bullish trend line with support near $3,980 on the hourly chart of ETH/USD. The pair spiked below the $3,600 support on Kraken and it traded as low as $3,501. It is now recovering losses and trading above the $3,800 level. There was a break above the 23.6% Fib retracement level of the recent drop from the $4,213 high to $3,501 low. Source: ETHUSD on TradingView.com On the upside, the price is facing hurdles near the $3,850 and $3,900 levels. The 50% Fib retracement level of the recent drop from the $4,213 high to $3,501 low is also near $3,860. The main resistance sits at $3,940, above which the price is likely to climb steadily towards the recent all-time high. An intermediate resistance could be near the $4,120 level. Dips Limited in ETH? If Ethereum fails to continue higher towards $4,000, it could start another downside correction. An initial support on the downside is near the $3,750 level. The first key support is near the $3,680 level. The main support is now forming near the $3,600 level. If there is a downside break below the $3,600 zone, the pair could dive towards the $3,300 support. 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 well below the 50 level. Major Support Level – $3,680 Major Resistance Level – $3,950

Ethereum is above $4,000 and has hit a price level that’s nearly three full times the altcoin’s previous all-time high set years earlier. But could a full year’s worth of incredible profits and ROI be potentially leading bulls right off a cliff? Several potentially bearish signals have appeared on Ethereum price charts that could suggest the bull market is nearing its conclusion, and that a deep retracement could follow. Ethereum Reaches $4K Resolution As Bitcoin Goes Static Just like Bitcoin, crypto investors have almost no interest in selling their ETH – only buying it. The recent “spot driven rally” as analysts are calling it, has taken the trending altcoin to as much as $4,200 per ETH at the high. Gas fees broke records for revenue on that day, proving to the world that the Ethereum blockchain is financial powerhouse. DeFi is still booming, with billions worth of ETH locked, and the NFT trend has only really just taken hold. Related Reading | Bitcoin And Ethereum Bleed 10% In Violent Crypto Market Shakeout ETH 2.0 is in progress, and a scarcity improvement – EIP-1559 – will make the asset even more valuable to hold in the long term. It, and the recent recovery on the BTC trading pair, has prompted the return of “flippening” discussion. What could possibly go wrong for the second-ranked crypto asset encroaching on Bitcoin’s throne? This bearish divergence and Pi cycle “top” signal doesn’t look good | Source: ETHUSD on TradingView.com The Bearish Signals That Could Surprise Crypto Bulls, End Current Cycle Unfortunately for bulls, Ethereum is exhibiting signs that resulted in the last bear market across crypto. On weekly timeframes, there’s a massive hidden bearish divergence, just as Ethereum brushes up against diagonal resistance. Prior to the most recent push, Philip Swift’s “Pi Cycle Top” indicator used for Bitcoin peaks triggered – just as it did during the last bull market as it came to its conclusion. Related Reading | Here’s Where The Ethereum Rally Could Pause, According To Bitcoin Blueprint Bitcoin reversed first, and capital flowed into altcoins boosting the BTC trading pair ratio and beginning the talk of flippening. Now, the same sort of talk is back, and once again it is alt season and the top crypto by market cap has paused its rally. A TD “sell” setup has marked the peak of most major rallies in Ether | Source: ETHUSD on TradingView.com Making matters worse, there’s also a TD sell setup on the weekly timeframe, which yet again was a near-flawless top sign both in 2018 and again in mid-2019. If Bitcoin takes a dive here, and sends the ETHBTC trading pair back to former highs, the coincidences could be too many to ignore. Bulls might have had their final push in both Bitcoin and Ethereum, and what comes next is a bear phase no one is expecting Featured image from iStockPhoto, Charts from TradingView.com

Ethereum started a fresh increase and it traded to a new all-time high above $4,250 against the US Dollar. ETH price is now showing signs of more upsides towards $4,500. Ethereum found support near $3,700 and it surged to a new all-time high near $4,280. The price is trading well above $4,200 and the 100 hourly simple moving average. There was a break above a major contracting triangle with resistance near $4,045 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards the $4,350 and $4,500 levels. Ethereum Price Resumes Rally After a sharp decline, ethereum found support above the $3,600 zone. ETH formed a base above the $3,700 level and it started a fresh increase. There was a clear break above the $4,000 resistance level. There was also a break above a major contracting triangle with resistance near $4,045 on the hourly chart of ETH/USD. The bulls were able to clear the 76.4% Fib retracement level of the key decline from the $4,215 swing high to $3,500 swing low. Ether is now trading well above $4,200 and the 100 hourly simple moving average. It cleared the last swing high and traded to a new all-time high near $4,280. The current price action suggests high chances of more gains above the $4,300 level. Source: ETHUSD on TradingView.com The first major resistance is near the $4,380 level. It is near the 1.236 Fib extension level of the key decline from the $4,215 swing high to $3,500 swing low. A clear break above the $4,380 level could set the pace for a larger increase. The next target for the bulls may possibly be near the $4,500 level. Dips Limited in ETH? If Ethereum fails to continue higher towards $4,380, it could start another downside correction. An initial support on the downside is near the $4,210 level (the recent breakout zone). The first key support is near the $4,150 level. The main support is now forming near the $4,000 level. If there is a downside break below the $4,000 zone, the price could decline towards the $3,700 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 60 level. Major Support Level – $4,150 Major Resistance Level – $4,380

Ethereum is holding the key $3,120 support zone against the US Dollar. ETH price is consolidating and it seems like it could soon clear the $3,500 resistance zone. Ethereum is holding the ground above the $3,120 and $3,200 support levels. The price is still well below the $3,600 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely forming a double bottom pattern near the $3,125 zone. Ethereum Price Shows Positive Signs Ethereum extended its decline below $3,500, but it remained stable above the $3,120 zone. ETH made two attempts to clear the $3,120 and $3,100 support levels, but the bears failed. It seems like the price is forming a double bottom pattern near the $3,125 zone, similar to bitcoin. The recent low was near $3,127 before the price started a decent recovery. It broke the $3,300 resistance level. Ether climbed above the 23.6% Fib retracement level of the recent drop from the $3,885 swing high to $3,127 low. There was also a break above a key bearish trend line with resistance near $3,380 on the hourly chart of ETH/USD. However, the pair is still well below the $3,600 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance is near the $3,450 level. The first major resistance is near the $3,500 level. It is close to the 50% Fib retracement level of the recent drop from the $3,885 swing high to $3,127 low. If the mentioned double bottom pattern is valid, the price is likely to surge above $3,500. The next stop for the bulls could be $3,600 or the 100 hourly simple moving average, where the bears might take a stand. More Losses in ETH? If Ethereum fails to continue higher above the $3,450 and $3,500 resistance levels, it could start another decline. An initial support on the downside is near the $3,350 level and the broken trend line. The first key support is near the $3,300 level. The main support is now forming near the $3,125 level. If there is a downside break below the $3,125 zone, the price could decline towards the $3,000 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly moving into the bullish zone. Hourly RSI – The RSI for ETH/USD is now close to the 50 level. Major Support Level – $3,300 Major Resistance Level – $3,500