{"id":21,"date":"2021-11-02T05:56:37","date_gmt":"2021-11-02T05:56:37","guid":{"rendered":"https:\/\/wpfrank.com\/demo\/crypto-airdrop-premium\/?p=21"},"modified":"2021-11-02T05:56:37","modified_gmt":"2021-11-02T05:56:37","slug":"ethereum-eyes-key-upside-break-why-bulls-remain-in-control","status":"publish","type":"post","link":"https:\/\/wpfrank.com\/demo\/crypto-compare\/2021\/11\/02\/ethereum-eyes-key-upside-break-why-bulls-remain-in-control\/","title":{"rendered":"Ethereum Eyes Key Upside Break, Why Bulls Remain In Control"},"content":{"rendered":"\n<p><em>Ethereum is trading in a bullish zone above $4,200 against the US Dollar. ETH could start another increase if it clears $4,350 and $4,400 in the near term.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ethereum is holding gains above the $4,100 and $4,200 support levels.<\/li><li>The price is now trading above $4,200 and the 100 hourly simple moving average.<\/li><li>There is a major contracting triangle forming with support near $4,220 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li><li>The pair could start a fresh rally if it clears the $4,400 resistance in the near term.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Price Remains Supported<\/h2>\n\n\n\n<p>Ethereum formed a base above the $4,120 and $4,100 support levels. ETH started a\u00a0fresh increase\u00a0above the $4,200 resistance zone and the 100 hourly simple moving average.<\/p>\n\n\n\n<p>The price even climbed above $4,300, but it is facing resistance near $4,400. A high is formed near $4,380 and the price is now correcting gains. There was a break below the $4,350 level. Ether traded below the 23.6% Fib retracement level of the upward move from the $4,152 swing low to $4,380 high.5 BTC + 300 Free Spins for new players &amp; 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!<\/p>\n\n\n\n<p>It is now holding gains above the $4,200 level and the&nbsp;<a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-rally-gathers-pace-4400\/\" target=\"_blank\" rel=\"noreferrer noopener\">100 hourly SMA<\/a>. There is also a major contracting triangle forming with support near $4,220 on the hourly chart of ETH\/USD.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/11\/Ethereum-1.png\"><img decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/11\/Ethereum-1.png\" alt=\"Ethereum Price\" class=\"wp-image-475185\" \/><\/a><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noreferrer noopener\">ETHUSD on TradingView.com<\/a><\/pre>\n\n\n\n<p>Immediate resistance on the upside is near the $4,350 level and the contracting triangle on the same chart. The next major resistance is near the $4,400 level. A break above the $4,400 level may possibly push the price above the $4,450 level in the near term. Any more gains could lead the price towards the $4,550 level. Get 110 USDT Futures Bonus for FREE!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Dips Supported in ETH?<\/h2>\n\n\n\n<p>If there fails to climb above the $4,350 and $4,400 resistance levels, it could start a downside correction. Initial support on the downside is near the $4,300 level. The first major support is near the $4,250 level.<\/p>\n\n\n\n<p>It is near the 50% Fib retracement level of the upward move from the $4,152 swing low to $4,380 high. &nbsp;The main support is near the $4,200 level. Any more downsides could lead the price towards the $4,120 support. The next major support for the bulls is near the $4,000 level, below which there is a risk of a larger decline.<\/p>\n\n\n\n<p>Technical Indicators<\/p>\n\n\n\n<p>Hourly MACD<strong>&nbsp;\u2013&nbsp;<\/strong>The MACD for ETH\/USD is slowly gaining pace in the bullish zone.<\/p>\n\n\n\n<p>Hourly RSI<strong>\u00a0\u2013\u00a0<\/strong>The RSI for ETH\/USD is now above the 50 levels.<\/p>\n\n\n\n<p>Major Support Level \u2013 $4,200<\/p>\n\n\n\n<p>Major Resistance Level \u2013 $4,400<\/p>\n\n\n\n<p><strong>Reference:<\/strong> https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-eyes-upside-break-4400\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is trading in a bullish zone above $4,200 against the US Dollar. ETH could start another increase if it clears $4,350 and $4,400 in the near term. &hellip; <\/p>\n<p><a href=\"https:\/\/wpfrank.com\/demo\/crypto-compare\/2021\/11\/02\/ethereum-eyes-key-upside-break-why-bulls-remain-in-control\/\" class=\"btn btn-skin btn-radius\">Continue Reading<span class=\"screen-reader-text\">Ethereum Eyes Key Upside Break, Why Bulls Remain In Control<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":22,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7],"tags":[31,32],"class_list":["post-21","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-ethereum","tag-ethereum","tag-ethusd"],"_links":{"self":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/posts\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":0,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/media\/22"}],"wp:attachment":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}