• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Market & Analysis

Ethereum Gears Up for a Record High: Can It Break Through?

n70products by n70products
December 17, 2024
in Market & Analysis
0
Ethereum Gears Up for a Record High: Can It Break Through?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Ethereum value began an honest enhance above the $3,950 zone. ETH is consolidating positive factors and may goal for a transfer above the $4,150 resistance zone.

  • Ethereum began an honest enhance above $3,950 and $4,000.
  • The worth is buying and selling under $3,980 and the 100-hourly Easy Shifting Common.
  • There’s a key bullish pattern line forming with assist at $3,940 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair may proceed to maneuver up if it clears the $4,080 and $4,120 resistance ranges.

Ethereum Worth Regains Momentum

Ethereum value remained secure and prolonged positive factors above $3,880 but it surely underperformed Bitcoin. ETH was capable of climb above the $3,980 and $4,000 resistance ranges.

The bulls pushed the pair above the $4,050 and $4,080 resistance ranges. A excessive was fashioned at $4,107 earlier than there was a pullback. There was a minor decline under the $4,000 stage. The worth traded as little as $3,946 and is at the moment rising.

There was a transfer above the 23.6% Fib retracement stage of the downward transfer from the $4,107 swing excessive to the $3,946 low. Ethereum value is now buying and selling above $4,000 and the 100-hourly Easy Shifting Common. There may be additionally a key bullish pattern line forming with assist at $3,940 on the hourly chart of ETH/USD.

On the upside, the value appears to be going through hurdles close to the $4,025 stage. The primary main resistance is close to the $4,070 stage or the 76.4% Fib retracement stage of the downward transfer from the $4,107 swing excessive to the $3,946 low.

Ethereum Price
Supply: ETHUSD on TradingView.com

The primary resistance is now forming close to $4,120. A transparent transfer above the $4,120 resistance may ship the value towards the $4,250 resistance. An upside break above the $4,250 resistance may name for extra positive factors within the coming periods. Within the acknowledged case, Ether may rise towards the $4,350 resistance zone and even $4,500.

Draw back Correction In ETH?

If Ethereum fails to clear the $4,120 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $3,980 stage. The primary main assist sits close to the $3,940 zone.

A transparent transfer under the $3,940 assist may push the value towards the $3,880 assist. Any extra losses may ship the value towards the $3,800 assist stage within the close to time period. The following key assist sits at $3,750.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Main Help Degree – $3,940

Main Resistance Degree – $4,120



Source link

Tags: BreakEthereumGearshighRecord
Previous Post

Ethereum To Hit 5 Figures Once It Breaks Yearly Highs – Details

Next Post

Bitcoin at $104K: Market sees increase in short positions amid ATH push

Next Post
Bitcoin at $104K: Market sees increase in short positions amid ATH push

Bitcoin at $104K: Market sees increase in short positions amid ATH push

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Bitcoin Stock To Flow Model Reveals $500,000 Price Target

Bitcoin Stock To Flow Model Reveals $500,000 Price Target

November 10, 2024

Analyst Says One Memecoin Setting the Stage for Stronger Rally, Names Altcoin Presenting Opportunity After Dip

April 15, 2024
‘Dogecoin In May And Walk Away,’ Predicts Analyst

‘Dogecoin In May And Walk Away,’ Predicts Analyst

April 29, 2025

Recents

Bitcoin all-time high and Coinbase in S&P 500: May in Charts

Bitcoin all-time high and Coinbase in S&P 500: May in Charts

May 31, 2025
XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why

XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why

May 31, 2025
Is Ethereum Preparing For A Move To $3,800? Analysts Predict Bullish Phase Ahead

Is Ethereum Preparing For A Move To $3,800? Analysts Predict Bullish Phase Ahead

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version