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MR0ZYRK
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BullishEthereum Price Prepares for Breakout: Will Bulls Cause Massive Rise?
Ethereum price began rising beyond $3,650. ETH is climbing and may break $3,900 barrier.
Ethereum rallied over $3,650 and $3,680.
The price is below $3,750 and the 100-hour SMA.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,720.
The pair may rise if it breaks $3,850 and $3,900 barriers.
Ethereum Price Expects Growth
Ethereum price stayed over $3,500 and rose like Bitcoin. ETH broke $3,650 and $3,720 barriers.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,720. Bulls broke the 50% Fib retracement level of the negative wave from $4,015 swing high to $3,488 low.
Price even broke $3,800 resistance. Ethereum is over $3,750 and the 100-hour SMA. The price may face resistance at $3,850 on the upside.
The first big barrier is $3,890, the 76.4% Fib retracement level of the falling wave from $4,015 swing high to $3,488 low. The primary resistance is around $4,000. A clean break over $4,000 might push the price above $4,050.
Above $4,050 barrier might lead to greater advances in the following sessions. Ether might reach $4,150 or $4,220 in this situation.
Another ETH Drop?
Ethereum may fall again if it fails to break $3,890. Around $3,800 is first downside support. First significant support is around $3,750.
A decisive break below $3,750 might bring the price toward $3,650. If losses continue, the price may reach $3,550 support. Next important help is $3,500.
Tech Indicators
Hourly ETH/USD MACD is rising in the positive zone.
Hourly ETH/USD RSI is over 50.
Major Support: $3,750
Major Resistance: $3,890
#Ethereum #MarketCorrection #BuyTheDipOrWait #MajorAirdropWatch $ETH
Ethereum price began rising beyond $3,650. ETH is climbing and may break $3,900 barrier.
Ethereum rallied over $3,650 and $3,680.
The price is below $3,750 and the 100-hour SMA.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,720.
The pair may rise if it breaks $3,850 and $3,900 barriers.
Ethereum Price Expects Growth
Ethereum price stayed over $3,500 and rose like Bitcoin. ETH broke $3,650 and $3,720 barriers.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,720. Bulls broke the 50% Fib retracement level of the negative wave from $4,015 swing high to $3,488 low.
Price even broke $3,800 resistance. Ethereum is over $3,750 and the 100-hour SMA. The price may face resistance at $3,850 on the upside.
The first big barrier is $3,890, the 76.4% Fib retracement level of the falling wave from $4,015 swing high to $3,488 low. The primary resistance is around $4,000. A clean break over $4,000 might push the price above $4,050.
Above $4,050 barrier might lead to greater advances in the following sessions. Ether might reach $4,150 or $4,220 in this situation.
Another ETH Drop?
Ethereum may fall again if it fails to break $3,890. Around $3,800 is first downside support. First significant support is around $3,750.
A decisive break below $3,750 might bring the price toward $3,650. If losses continue, the price may reach $3,550 support. Next important help is $3,500.
Tech Indicators
Hourly ETH/USD MACD is rising in the positive zone.
Hourly ETH/USD RSI is over 50.
Major Support: $3,750
Major Resistance: $3,890
#Ethereum #MarketCorrection #BuyTheDipOrWait #MajorAirdropWatch $ETH
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