The price of Ethereum has started a novel raise above the zone 3720 USD. ETH now shows stubborn signs and can still grow towards the zone 3850 USD.

• Ethereum has started a novel raise above USD 3720.
• The price is sold above USD 3,670, and a 100-hour straight movable average.
• There is a key stubborn trend line with support at USD 3670 on the ETH/USD hour chart (data channel via Kraken).
• The couple can start a novel raise if the USD 3650 zone is operated above in the near future.

The price of Ethereum has a novel raise above USD 3800

The price of Ethereum has started a novel raise above USD 3660 zone, exceeding Bitcoin. The ETH price has gained a pace of traffic above the resistance zone of USD 3,720 to stay in a positive zone.

Bulls even pumped a price above USD 3800. Finally, he tested the zone 3,860 USD. The height was created at USD 3,859, and the price has recently improved some profits. There was a traffic below 50% of the up to $ 3,481 FIB withdrawal levels to $ 3,859.

The price has tested the withdrawal level of 61.8% FIB upwards from USD 3,481 at a low level up to $ 3,859. The price of Ethereum is currently trading above USD 3650, and a 100-hour uncomplicated movable average. There is also a key stubborn trend line with support at USD 3670 at the ETH/USD hourly chart.

On the other hand, the price may encounter resistance near the level of USD 3770. The next key resistance is close to USD 3800. The first high resistance is close to USD 3850. A clear movement above the resistance of USD 3,850 may send a price to a resistance of USD 3,920.

An additional break above the resistance of USD 3,920 may require more benefits in the upcoming sessions. In the given case, the ether may raise towards the resistance zone worth 4000 USD or even USD 4,200 in the near future.

Are the flaws served in ETH?

If Ethereum does not tidy the resistance of USD 3,770, he may start a downward correction. Initial support in the minus is close to USD 3670. The first vast support is located near the USD 3650 zone.

A clear traffic below USD 3620 may push the price towards 3550 USD support. Any losses can send a price of USD 3,450 in the near future. Another key support is USD 3320.

Technical indicators

MacD hours – – MacD for ETH/USD loses the rush in the stubborn zone.

RSI hours – – RSI for ETH/USD is now above zone 50.

Main level of support – USD 3670

Main level of resistance – USD 3800