No products in the cart.
Trading Tips
Best trading Tips
Trading Tips
Best trading Tips
TA: Ethereum Climbs to $2,800, Why Dips Could Be Attractive

Ethereum rallied above $2,700 against the US Dollar. ETH price is now consolidating near $2,800 and might start a short-term downside correction.
Ethereum started a fresh increase above the $2,700 resistance level.
The price is now trading above $2,700 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $2,720 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is consolidating above $2,750 and might correct lower in the near term.
Ethereum Price Extend Gains
Ethereum remained well bid above the $2,600 support zone. A low was formed near $2,590, and ETH started a fresh increase above the key $2,650 and $2,680 resistance levels. The price even cleared the $2,700 level.
Finally, there was a move above the $2,750 level and a close above the 100 hourly simple moving average. A high is formed near $2,791 and the price is now consolidating gains. It is trading nicely above the 23.6% Fib retracement level of the upward move from the $2,634 swing low to $2,791 high.
There is also a key bullish trend line forming with support near $2,720 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $2,780 level. The first major resistance is near the $2,800 level.
Source: ETHUSD on TradingView.com
Ether price must clear the $2,780 and $2,800 resistance levels to start another increase. In the stated case, the price may perhaps rise towards the $2,880 level. Any more gains might call for a move towards the main $3,000 resistance zone in the near term.
Dips Limited in ETH?
If ethereum fails to start a fresh increase above the $2,800 level, it could start a short-term downside correction. An initial support on the downside is near the $2,750 level.
The next major support is near the $2,720 level and the trend line. The main support is now near the $2,700 level. It is near the 50% Fib retracement level of the upward move from the $2,634 swing low to $2,791 high. A downside break below the $2,700 support zone might start a fresh decline towards the $2,600 level.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is still above the 50 level.
Major Support Level – $2,600
Major Resistance Level – $2,700
Get the Best Trading Tips
Get Coupons and Offers from the USA
Archives
- May 2022 (220)
- April 2022 (367)
- March 2022 (505)
- February 2022 (455)
- January 2022 (435)
- December 2021 (428)
- November 2021 (367)
- October 2021 (359)
- September 2021 (357)
- August 2021 (126)
- July 2021 (21)
- June 2021 (19)
- May 2021 (4)
- April 2021 (6)
- March 2021 (23)
- February 2021 (23)
- January 2021 (27)
- August 2020 (1)
- July 2020 (7)
- June 2020 (1)
- April 2020 (2)
Recent Posts
- TA: Bitcoin Trims Gains, Why BTC Could Start Fresh Decline
- Bitcoin Stable Near $30,000 But The Bearish Leg Is Far From Over
- ATOM Might Trade Below Its Immediate Support Level Despite A Recent Rally
- Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000
- Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation