Ethereum

TA: Ethereum Smashes $4K, Why ETH Is Not Done Yet

Ethereum extended its rally and it traded to a new all-time high above $4,000 against the US Dollar. ETH price is showing a lot of positive signs and it is likely to climb above $4,100.

Ethereum extended its rally above $3,900 and it traded to a new all-time high near $4,030.
The price is now trading well above $3,950 and the 100 hourly simple moving average.
There is a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to continue higher towards the $4,100 and $4,150 resistance levels.

Ethereum Price Rallies Further
Ethereum remained well supported above the $3,750 zone. The last swing low was formed near $3,722 before ETH price started a fresh increase. It outpaced bitcoin and it broke the $3,900 resistance to start a fresh rally.
It even climbed above the $3,950 level and a connecting bearish trend line on the hourly chart. The pair extended its rally above $4,000 and it traded to a new all-time high near $4,030. Ether price is now trading well above $3,950 and the 100 hourly simple moving average.
The current price action is very positive, with an immediate resistance at $4,050. It is close to the 1.236 Fib extension level of the downward move from the $3,985 high to $3,722 low.

Source: ETHUSD on TradingView.com
The first major resistance is near the $4,150 level. It represents the 1.618 Fib extension level of the downward move from the $3,985 high to $3,722 low. Any more gains could set the pace for a strong upward move towards the $4,200 and $4,250 levels in the near term. The next major stop for the bulls may possibly be $4,500.
Dips Supported in ETH?
If Ethereum fails to continue higher towards $4,150, it could start a downside correction. An initial support on the downside is near the $3,950 level.
The first key support is near the $3,920 level. There is also a crucial bullish trend line forming with support near $3,920 on the hourly chart of ETH/USD. If there is a downside break below the trend line, the pair could dive towards the $3,800 support zone.
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 well above the 60 level.
Major Support Level – $3,920
Major Resistance Level – $4,150

bitcoin
Bitcoin (BTC) $ 37,557.06
ethereum
Ethereum (ETH) $ 2,028.24
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 226.35
xrp
XRP (XRP) $ 0.601136
solana
Solana (SOL) $ 59.32
usd-coin
USDC (USDC) $ 0.999861
staked-ether
Lido Staked Ether (STETH) $ 2,027.94
cardano
Cardano (ADA) $ 0.373420
dogecoin
Dogecoin (DOGE) $ 0.082101
tron
TRON (TRX) $ 0.103346
the-open-network
Toncoin (TON) $ 2.40
chainlink
Chainlink (LINK) $ 14.35
avalanche-2
Avalanche (AVAX) $ 21.02
matic-network
Polygon (MATIC) $ 0.768820
polkadot
Polkadot (DOT) $ 5.45
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 37,551.06
dai
Dai (DAI) $ 0.997466
litecoin
Litecoin (LTC) $ 69.22
shiba-inu
Shiba Inu (SHIB) $ 0.000008
uniswap
Uniswap (UNI) $ 5.94
bitcoin-cash
Bitcoin Cash (BCH) $ 221.95
leo-token
LEO Token (LEO) $ 3.99
okb
OKB (OKB) $ 55.76
stellar
Stellar (XLM) $ 0.118950
monero
Monero (XMR) $ 168.15
true-usd
TrueUSD (TUSD) $ 0.995672
kaspa
Kaspa (KAS) $ 0.127433
cosmos
Cosmos Hub (ATOM) $ 9.32
ethereum-classic
Ethereum Classic (ETC) $ 18.50
crypto-com-chain
Cronos (CRO) $ 0.090098
lido-dao
Lido DAO (LDO) $ 2.33
filecoin
Filecoin (FIL) $ 4.36
hedera-hashgraph
Hedera (HBAR) $ 0.060179
internet-computer
Internet Computer (ICP) $ 4.45
thorchain
THORChain (RUNE) $ 6.46
aptos
Aptos (APT) $ 7.02
near
NEAR Protocol (NEAR) $ 1.87
binance-usd
BUSD (BUSD) $ 1.00
mantle
Mantle (MNT) $ 0.537301
immutable-x
Immutable (IMX) $ 1.25
vechain
VeChain (VET) $ 0.021272
injective-protocol
Injective (INJ) $ 17.89
bittensor
Bittensor (TAO) $ 256.04
optimism
Optimism (OP) $ 1.65
quant-network
Quant (QNT) $ 98.97
aave
Aave (AAVE) $ 96.57
maker
Maker (MKR) $ 1,521.03
the-graph
The Graph (GRT) $ 0.142331
arbitrum
Arbitrum (ARB) $ 1.00