The price of Ethereum (ETH) has struggled to break out of a range against Tether (USDT) after being rejected from key resistance.<\/p>\n
Ethereum price has seen a relief bounce, with Bitcoin (BTC) rallying after closing the weekly candle with bullish sentiment from a daily low of $23,000 to a region of $24,100 in the early hours. (Data feeds from Binance)<\/p>\n
Price Analysis Of ETH On The Weekly Chart<\/p>\n
Ethereum\u2019s price saw a weekly close of around $1,720, with a new candle opening bullish ahead of the week.<\/p>\n
The price has built more momentum as it faces resistance at $2,400.<\/p>\n
If the price of ETH on the weekly chart continues with this bullish structure, it could quickly hit the $2,000 mark ahead of its merge.<\/p>\n
Weekly resistance for ETH price \u2013 $2,400.<\/p>\n
Weekly support for ETH price \u2013 $1,012.<\/p>\n
Price Analysis Of ETH On The Daily (1D) Chart
\nETH Daily Price Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
The price of ETH found strong support at around $1,580, with what seems to be an area of interest on the daily chart.<\/p>\n
ETH has continued to range in a channel where it has struggled to break out, ranging between $1,580 \u2013 $1,720.<\/p>\n
At the point of writing, the price of ETH is at $1,774, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $1,536.\u00a0<\/p>\n
ETH price would find support at $1,536, which corresponds with the daily 50 EMA if it drops due to sell-offs.<\/p>\n
If the 50 EMA region fails to hold the price, $1,362 would be a good support to hold sell-offs and for a possible bounce of ETH price.<\/p>\n
With more buy bids, we could see the price of ETH retesting at $2,000 -$2,400, which has been resistance on the daily chart.<\/p>\n
The RSI for ETH price on the daily chart is above 60, indicating healthy buy bids for ETH.<\/p>\n
The volume for ETH looks good, indicating positive signs for ETH prices to trend higher.<\/p>\n
\u00a0<\/p>\n
Daily (1D) resistance for ETH price \u2013 $2,400.<\/p>\n
Daily (1D) support for ETH price \u2013 $1,536, $1,362.<\/p>\n
Price Analysis Of ETH On The Four-Hourly (4H) Chart
\nFour-Hourly (4H) ETH Price Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
The price of ETH has shown a bullish continuation on the 4H chart after bouncing off from the support at $1,600.\u00a0<\/p>\n
ETH price has struggled in this region, forming a ranging channel on the 4H chart after a rejection at $1,740 due to sell-offs.<\/p>\n
The current price is $1,770, trading above the 50 & 200 EMA with prices of $1,660 and $1,530 on the 4H chart. These prices would act as support areas for ETH on the 4H chart.<\/p>\n
The price of ETH is trying to break out of the channel; with good buy bids, the price of ETH could push to $2,000 -$2,400.<\/p>\n
\u00a0<\/p>\n
Four-Hour (4H) resistance for ETH price \u2013 $2,400.<\/p>\n
Four-Hour (4h) support for ETH price \u2013 $1,660, $1,530.<\/p>\n
\u00a0<\/p>\n
A break below these support zones could send ETH price to a region of $1,362, acting as a good support area.<\/p>\n
Featured image from Bitcoinist, Charts from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Ethereum (ETH) has struggled to break out of a range against Tether (USDT) after being rejected from key resistance.<\/p>\n
Ethereum price has seen a relief bounce, with Bitcoin (BTC) rallying after closing the weekly candle with bullish sentiment from a daily low of $23,000 to a region of $24,100 in the early hours. (Data feeds from Binance)<\/p>\n
Price Analysis Of ETH On The Weekly Chart<\/p>\n
Ethereum\u2019s price saw a weekly close of around $1,720, with a new candle opening bullish ahead of the week.<\/p>\n
The price has built more momentum as it faces resistance at $2,400.<\/p>\n
If the price of ETH on the weekly chart continues with this bullish structure, it could quickly hit the $2,000 mark ahead of its merge.<\/p>\n
Weekly resistance for ETH price \u2013 $2,400.<\/p>\n
Weekly support for ETH price \u2013 $1,012.<\/p>\n
Price Analysis Of ETH On The Daily (1D) Chart
\nETH Daily Price Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
The price of ETH found strong support at around $1,580, with what seems to be an area of interest on the daily chart.<\/p>\n
ETH has continued to range in a channel where it has struggled to break out, ranging between $1,580 \u2013 $1,720.<\/p>\n
At the point of writing, the price of ETH is at $1,774, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $1,536.\u00a0<\/p>\n
ETH price would find support at $1,536, which corresponds with the daily 50 EMA if it drops due to sell-offs.<\/p>\n
If the 50 EMA region fails to hold the price, $1,362 would be a good support to hold sell-offs and for a possible bounce of ETH price.<\/p>\n
With more buy bids, we could see the price of ETH retesting at $2,000 -$2,400, which has been resistance on the daily chart.<\/p>\n
The RSI for ETH price on the daily chart is above 60, indicating healthy buy bids for ETH.<\/p>\n
The volume for ETH looks good, indicating positive signs for ETH prices to trend higher.<\/p>\n
\u00a0<\/p>\n
Daily (1D) resistance for ETH price \u2013 $2,400.<\/p>\n
Daily (1D) support for ETH price \u2013 $1,536, $1,362.<\/p>\n
Price Analysis Of ETH On The Four-Hourly (4H) Chart
\nFour-Hourly (4H) ETH Price Chart | Source: ETHUSDT On Tradingview.com<\/p>\n
The price of ETH has shown a bullish continuation on the 4H chart after bouncing off from the support at $1,600.\u00a0<\/p>\n
ETH price has struggled in this region, forming a ranging channel on the 4H chart after a rejection at $1,740 due to sell-offs.<\/p>\n
The current price is $1,770, trading above the 50 & 200 EMA with prices of $1,660 and $1,530 on the 4H chart. These prices would act as support areas for ETH on the 4H chart.<\/p>\n
The price of ETH is trying to break out of the channel; with good buy bids, the price of ETH could push to $2,000 -$2,400.<\/p>\n
\u00a0<\/p>\n
Four-Hour (4H) resistance for ETH price \u2013 $2,400.<\/p>\n
Four-Hour (4h) support for ETH price \u2013 $1,660, $1,530.<\/p>\n
\u00a0<\/p>\n
A break below these support zones could send ETH price to a region of $1,362, acting as a good support area.<\/p>\n
Featured image from Bitcoinist, Charts from TradingView.com\u00a0<\/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-5149","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\/5149","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=5149"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5149\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5149"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}