Ethereum Price Soars To New 2-Year High: Uptrend Isn’t Over Yet

2020-8-14 08:28

Ethereum climbed over 8% and it broke the main $400 barrier against the US Dollar. ETH price traded to a new 2-year high above $430 and it is likely to continue higher.

Ethereum is up over 8% and it broke the key $400 and $405 resistance levels. The price traded to a new 2-year high at $432 and settled above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $405 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher above the $430 and $435 levels in the near term. Ethereum Price Rallies Above $400

After trading in a range for a few sessions, Ethereum gained strength above the $390 level against the US Dollar. As a result, ETH rallied above the $400 and $405 resistance levels.

It traded to a new 2-year high at $432 and settled well above the 100 hourly simple moving average. Ether price is currently consolidating gains above the $420 level and trading in a range. It is trading above the 23.6% Fib retracement level of the recent rally from the $377 swing low to $432 high.

It seems like there is a short-term contracting triangle forming with resistance near $428 on the hourly chart of ETH/USD. On the downside, the triangle support is near the $420 level.

Ethereum price soars above $400. Source: TradingView.com

The next major support is near the $405 level or the 50% Fib retracement level of the recent rally from the $377 swing low to $432 high. If Ethereum remains stable the $420 support, it could start a fresh rally above the $428 and $430 resistance levels.

The next major resistance is near the $435 level, above which ether is likely to continue higher towards the $450 level in the near term.

Dips Likely To Be Limited in ETH

Ethereum could correct lower if there is a downside break below the $420 support level. The first major support is near the $405 level.

The main support is now forming near the $400 level (the recent breakout zone). It is also close to the 61.8% Fib retracement level of the recent rally from the $377 swing low to $432 high.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is showing many positive signs in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now well above the 70 level.

Major Support Level – $420

Major Resistance Level – $430

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3106.46 (+0.08%)
Объем 24H $11.1b
Изменеия 24h: 0.48 %, 7d: 5.08 %
Cегодня L: $3055.33 - H: $3131.6
Капитализация $373.169b Rank 2
Цена в час новости $ 427.22 (627.13%)

ethereum high price new 2-year broke traded

ethereum high → Результатов: 126


Фото:

2018 & Beyond For IOTA

IOTA is a crypto coin, established in 2015 and designed for the Internet of Things (IOT). There are many examples of IOT on the market, with the most common being the Amazon Echo. IOT differs from Bitcoin and Ethereum by using Tangle instead of Blockchain and doesn’t face any scalability issues due to its high transaction speeds which increase as the number of IOTA users increases.

2018-8-27 17:00


Фото:

Apple’s Steve Wozniak Plans to Get ‘Involved’ in Blockchain Project

After selling all his bitcoins to get some peace of mind due to the high volatility in prices, Steve Wozniak, the co-founder of Apple now says he has plans tbe part of a blockchain project. The information was published in an exclusive for NullTX, during the ChainXchange blockchain conference, held in Las Vegas during August […] The post Apple’s Steve Wozniak Plans to Get ‘Involved’ in Blockchain Project appeared first on Ethereum World News.

2018-8-22 06:11