• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Ethereum
Nexo Logo

TA: Here’s How Ethereum Could Rally To New ATH Above $2,500

Aayush Jindal by Aayush Jindal
1 year ago
in ETH
Reading Time: 2 mins read
Advertisement

Ethereum remained well bid and it climbed above the $2,400 level against the US Dollar. ETH price is showing positive signs and it might soon surge above USD 2,500.

  • Ethereum gained pace and it cleared the $2,350 resistance zone.
  • The price is now trading well above $2,350 and the 100 hourly simple moving average.
  • There was a break above a key declining channel with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is showing positive signs and it is likely to continue higher above $2,450.

Ethereum Price Remains In Uptrend

Ethereum found support near the $2,240 level and recently started a fresh increase. ETH broke a few important hurdles near $2,300 to move into a bullish zone.

There was also a break above a key declining channel with resistance near $2,300 on the hourly chart of ETH/USD. The bulls gained strength and they were able to pump the price above the $2,350 level. The price is now trading well above $2,350 and the 100 hourly simple moving average.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

There was also a break above the $2,400 level and the price traded as high as $2,469. It is now correcting lower below $2,440. There was a break below the 23.6% Fib retracement level of the recent increase from the $2,238 low to $2,469 high.

Ethereum Price

Source: ETHUSD on TradingView.com

Ether is now finding bids near the $2,350 level. It is close to the 50% Fib retracement level of the recent increase from the $2,238 low to $2,469 high. The current price action is positive and it seems like the price might surge again above $2,440 and $2,450.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The next key resistance is near the $2,500 level, above which ether price is likely to set a new all-time high in the coming days.

Downsides Limited in ETH?

If Ethereum fails to clear the $2,450 and $2,500 resistance levels, it could correct lower. An initial support on the downside is near the $2,380 level.

The first support is now forming near the $2,350 level. If ether fails to stay above the $2,350 support, it could test the 100 hourly simple moving average. Any more losses might call for a test of the $2,250 support.

Technical Indicators

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

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

Major Support Level – $2,350

Major Resistance Level – $2,450

Tags: ethereumethusdETHUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

Ethereum

TA: Ethereum Forms Bullish Pattern But This Level Is Crucial

16 hours ago
Ethereum

TA: Ethereum Dips But Here’s Why ETH Could Start Fresh Increase

2 days ago
Ethereum

TA: Ethereum Reclaims $2K, Why Upsides Could Be Limited Above $2.2K

2 weeks ago
Ethereum Price ETH

TA: Ethereum Dives 15%, Why Close Below $2K Is The Key

2 weeks ago
Ethereum

TA: Ethereum Nears Breakout Zone, Why ETH Might Start Recovery

2 weeks ago
Ethereum

TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K

2 weeks ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Chronoly (CRNO) Takes Number 1 Spot at Project To Invest In 2022 Over Fantom (FTM) and Anchor Protocol (ANC)

May 25, 2022

Pancakeswap to Start Listing Metallika token (METALLIKA)

May 25, 2022

Ariva celebrates 1st year anniversary with impressive achievements in the blockchain industry

May 25, 2022

LBank Exchange Will List Globiance Exchange Token (GBEX) on May 25, 2022

May 25, 2022

LBank and Adanian Labs Powers Hackathons, Blockchain Education, and Ecosystem Development for Africa

May 25, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.