Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400.<\/p>\n
Ethereum Weekly Chart<\/p>\n
The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend.<\/p>\n
There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA).<\/p>\n
Ethereum Weekly Price Analysis | Source: ETHUSDT On Tradingview.com<\/p>\n
Ethereum, as of writing, is trading at $1,580 after being rejected at $1,722; Ethereum could not break the weekly resistance ahead of it and closed below, which suggests bulls need to push to break this region for Ethereum price to move higher.<\/p>\n\n
The volume on the weekly chart for Ethereum suggests more sales than buys after showing great signs of bulls pushing the prices ahead of the merge.<\/p>\n
The weekly relative strength Index (RSI) has moved from oversold to 43, indicating decent buying pressure from bulls.<\/p>\n
The weekly chart for Ethereum suggests it is still in a range of $1,012 to $1,722; breaking the resistance at $1,722 with good volume could easily send the Ethereum price to $2,000 ahead of the merge.<\/p>\n
Major Weekly resistance \u2013 $1,722.<\/p>\n
Major Weekly support \u2013 $1,012<\/p>\n
Ethereum Price Analysis On The Daily Chart
\nEthereum Price Analysis On The Daily Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
The daily chart for Ethereum price suggests the resistance of $1,722 rejected it despite trying to break and close above it.\u00a0<\/p>\n
Ethereum is trading above the 50 EMA but below the 200 EMA. The 50 EMA acts as a support at $1,400, but a break and close below that region could easily send Ethereum price to a region of $1,200 \u2013 $1,012.<\/p>\n
The volume on the daily chart indicates more selling pressure which is not ideal ahead of the merge sentiment.<\/p>\n
Major support level on the daily chart (1D) \u2013 $1,400, $1,012.<\/p>\n
Major resistance on the daily chart (1D) \u2013 $1,722<\/p>\n
Ethereum price on the daily chart shows more selling activity, just in a range or channel that needs to be broken to the upside or downside. The RSI on the daily timeframe is above 50 after seeing a huge surge to a region of 70.<\/p>\n
Ethereum Price On The 4H Chart<\/p>\n
\u00a0<\/p>\n
Ethereum Price Analysis On The 4H Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
On the 4H chart, the Ethereum price was able to break above the 50 & 200 EMA after trading below them for weeks. The price has been rejecting and trading above the 50 EMA but below the 200 EMA despite showing a strong bullish movement.<\/p>\n
The 4H chart shows a bearish divergence indicating there could be a pullback to support areas.<\/p>\n
Major resistance \u2013 $1,722<\/p>\n
Major support \u2013 $1,462, $1,358, $1,250<\/p>\n
Technical Indicators<\/p>\n
50 & 200 Exponential Moving Average (EMA)<\/p>\n
Volume Indicator<\/p>\n
Relative Strength Index 14 (RSI)<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400.<\/p>\n
Ethereum Weekly Chart<\/p>\n
The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend.<\/p>\n
There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA).<\/p>\n
Ethereum Weekly Price Analysis | Source: ETHUSDT On Tradingview.com<\/p>\n
Ethereum, as of writing, is trading at $1,580 after being rejected at $1,722; Ethereum could not break the weekly resistance ahead of it and closed below, which suggests bulls need to push to break this region for Ethereum price to move higher.<\/p>\n
The volume on the weekly chart for Ethereum suggests more sales than buys after showing great signs of bulls pushing the prices ahead of the merge.<\/p>\n
The weekly relative strength Index (RSI) has moved from oversold to 43, indicating decent buying pressure from bulls.<\/p>\n
The weekly chart for Ethereum suggests it is still in a range of $1,012 to $1,722; breaking the resistance at $1,722 with good volume could easily send the Ethereum price to $2,000 ahead of the merge.<\/p>\n
Major Weekly resistance \u2013 $1,722.<\/p>\n
Major Weekly support \u2013 $1,012<\/p>\n
Ethereum Price Analysis On The Daily Chart
\nEthereum Price Analysis On The Daily Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
The daily chart for Ethereum price suggests the resistance of $1,722 rejected it despite trying to break and close above it.\u00a0<\/p>\n
Ethereum is trading above the 50 EMA but below the 200 EMA. The 50 EMA acts as a support at $1,400, but a break and close below that region could easily send Ethereum price to a region of $1,200 \u2013 $1,012.<\/p>\n
The volume on the daily chart indicates more selling pressure which is not ideal ahead of the merge sentiment.<\/p>\n
Major support level on the daily chart (1D) \u2013 $1,400, $1,012.<\/p>\n
Major resistance on the daily chart (1D) \u2013 $1,722<\/p>\n
Ethereum price on the daily chart shows more selling activity, just in a range or channel that needs to be broken to the upside or downside. The RSI on the daily timeframe is above 50 after seeing a huge surge to a region of 70.<\/p>\n
Ethereum Price On The 4H Chart<\/p>\n
\u00a0<\/p>\n
Ethereum Price Analysis On The 4H Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
On the 4H chart, the Ethereum price was able to break above the 50 & 200 EMA after trading below them for weeks. The price has been rejecting and trading above the 50 EMA but below the 200 EMA despite showing a strong bullish movement.<\/p>\n
The 4H chart shows a bearish divergence indicating there could be a pullback to support areas.<\/p>\n
Major resistance \u2013 $1,722<\/p>\n
Major support \u2013 $1,462, $1,358, $1,250<\/p>\n
Technical Indicators<\/p>\n
50 & 200 Exponential Moving Average (EMA)<\/p>\n
Volume Indicator<\/p>\n
Relative Strength Index 14 (RSI)<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-4784","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=4784"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4784\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=4784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=4784"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=4784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}