Ethereum Price Faces Big Move – Can Bulls Send ETH To $4K?

• Ethereum is aiming for more gains above the $3,725 and $3,740 levels.
• Ang presyo ay nakikipagkalakalan sa itaas ng $3,650 at ang 100-oras na Simple Moving Average.
• May nagkokonektang bullish trend line na bumubuo na may suporta sa $3,480 sa hourly chart ng ETH/USD (data feed sa pamamagitan ng Kraken).
• The pair could extend its rally if there is a close above the $3,725 resistance zone.

　　Ang Presyo ng Ethereum ay Tumalon ng Higit sa 8%

　　Ethereum price formed a base and started a decent increase above the $3,500 resistance, like Bitcoin. ETH surpassed the $3,600 and $3,650 levels to move into a positive zone.

　　A new weekly high was formed at $3,726 and the price is now consolidating gains. The price is well above the 23.6% Fib retracement level of the upward move from the $3,224 swing low to the $3,726 low. It is up over 8% and there are chances of more upsides.

　　Ethereum is trading above $3,650 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,480 on the hourly chart of ETH/USD. It is close to the 50% Fib retracement level of the upward move from the $3,224 swing low to the $3,726 low.

　　Immediate resistance is near the $3,725 level. The first major resistance is near the $3,750 level. The next key resistance sits at $3,800, above which the price might test the $3,880 level, above which Ether could gain bullish momentum.

　　Pinagmulan: ETHUSD sa TradingView.com

　　In the stated case, the price could rise toward the $3,880 zone. If there is a move above the $3,920 resistance, Ethereum could even rise toward the $4,000 resistance.

　　Limitado ba ang Dips sa ETH？

　　Kung nabigo ang Ethereum na i-clear ang $3,725 resistance, maaari itong magsimula ng downside correction. Ang paunang suporta sa downside ay malapit sa antas na $3,620.

　　The first major support is near the $3,500 zone or the trend line. The next key support could be the $3,420 zone. A clear move below the $3,420 support might send the price toward $3,350. Any more losses might send the price toward the $3,220 level.

　　Teknikal na tagapagpahiwatig

　　Oras ng MACD - Ang MACD para sa ETH / USD ay nakakakuha ng momentum sa bullish zone.

　　Oras ng RSI - Ang RSI para sa ETH / USD ay nasa itaas na ngayon ng 50 antas.

　　Major Support Level - $ 3,500

　　Major Resistance Level - $ 3,725