The price of Ethereum has started a fresh boost above the $ 3800 zone. ETH is now showing positive signs and can soon strive to move in the direction of $ 4,000.
- Ethereum has started a fresh boost above USD 3800 and USD 3840.
- The price is sold above USD 3820, and a 100-hour straight movable average.
- There is a key stubborn trend line with support of USD 3,800 at the ETH/USD hour chart (data channel via Kraken).
- The couple can start a fresh boost if the USD 3800 zone is operated above in the near future.
The price of Ethereum begins a fresh boost
The price of Ethereum remained supported above USD 3600 and started a fresh boost, such as Bitcoin. The price of ETH was above the resistance level of USD 3,700 and USD 3800.
There was traffic above USD 3850. The price tested the USD 3900 zone. The height was created at USD 3,904, and the price consolidates profits above 23.6% of the level of FIB revival up to 3,515 USD at a low level up to USD 3,904.
The price of Ethereum is currently trading above USD 3820, and a 100-hour straight average movable. There is also a key stubborn trend line with support of USD 3,800 on the ETH/USD hour chart.
On the other hand, the price may encounter resistance near the level of USD 3,900. The next key resistance is close to USD 3920. The first high resistance is close to USD 3,950. A clear traffic above resistance in the amount of USD 3,950 may send a price of $ 4,000.
An additional break above 4000 USD resistance may require more benefits at upcoming sessions. In the given case, the ether may boost towards the resistance zone worth USD 4050 or even USD 4,200 in the near future.
Another drop in ETH?
If Ethereum does not pristine the resistance of USD 3,920, he may start a downward correction. Initial support is close to USD 3820. The first gigantic support is located near the USD 3800 zone.
A clear traffic below USD 3800 support can accelerate the price towards support $ 3,750. Any losses can send the price to the support level of USD 3,700 in the near future. Another key support is USD 3640.
Technical indicators
MacD hours – – MacD for ETH/USD takes a rush in a stubborn zone.
RSI hours – – RSI for ETH/USD is now above zone 50.
Main level of support – USD 3800
Main level of resistance – USD 3920
