ETHEREUM PRINTS BULLISH BREAKOUT‚ WHY DIPS TURN ATTRACTIVE

Ethereum was able to extend its rally above the $3,500 resistance zone against the US Dollar. ETH price is gaining pace and it might continue to rise towards the $3,800 level.

Ethereum started a steady increase above the $3,500 and $3,550 resistance levels.
The price is now trading above $3,500 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $3,490 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is correcting gains, but dips could be limited below $3,450 in the near term.

Ethereum Price is Rising

Ethereum started a fresh increase after it was able to clear the $3,450 resistance zone. ETH broke the $3,500 resistance zone and the 100 hourly simple moving average to move further into a positive zone.

The upward move was such that the price even climbed above the $3,600 level. A high is formed near $3,620 and the price is now correcting gains, similar to bitcoin. It traded below the $3,600 level. There was a break below the 23.6% Fib retracement level of the recent wave from the $3,361 swing low to $3,620 high.

There is also a major bullish trend line forming with support near $3,490 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $3,580 level.

The first major resistance is near the $3,600. A clear break and close above the $3,600 level could push the price further higher. The next major resistance sits near $3,720. Any more gains could set the pace for a move towards the $3,800 level.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,580 and $3,600 resistance levels, it could start a downside correction. An initial support on the downside is near the $3,520 level.

The next major support seems to be forming near the $3,500 level and the trend line. The trend line is close to the 50% Fib retracement level of the recent wave from the $3,361 swing low to $3,620 high. Any more downsides might call for a test of the $3,450 support zone.

Technical Indicators:

Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is still above the 50 level.
Major Support Level – $3,500
Major Resistance Level – $3,600...

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BITCOIN PRICE JUST REVERSED AND $50000 IS IMMINENT‚ HERE′S WHY

Bitcoin price started a steady increase above the $47,000 resistance against the US Dollar. BTC even broke $48,000 and it might continue to rise in the near term.

Bitcoin started a steady increase above the $46,000 and $47,000 resistance levels.
The price is now trading above $47,000 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $48,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate higher towards the $50,000 level if it breaks the $48,500 resistance.

Bitcoin Price Gains Traction

Bitcoin price started a steady increase above the $46,000 resistance level. BTC was able to clear the $47,000 resistance zone and the 100 hourly simple moving average.

Finally, there was a clear break above the $48,000 resistance zone. The price traded as high as $48,481 and it is now consolidating gains. An immediate support on the downside is near the $48,000 level. There is also a key bullish trend line forming with support near $48,000 on the hourly chart of the BTC/USD pair.

Bitcoin is also trading well above the 23.6% Fib retracement level of the upward wave from the $43,375 swing low to $48,481 high. An immediate resistance on the upside is near the $48,200 level.

The first major resistance is now near the $48,500 zone. To continue higher, bitcoin must clear the $48,500 resistance. If the bulls succeed, the price could easily rise towards the key $50,000 resistance in the near term.  Any more gains may possibly set the pace for a move towards the $52,000 level.

Dips Supported In BTC?

If bitcoin fails to clear the $48,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $48,000 level and the trend line.

If the price breaks the trend line support, it could test the $47,400 support level. The next major support is near the $46,000 level or the 100 hourly simple moving average. It is also close to the 50% Fib retracement level of the upward wave from the $43,375 swing low to $48,481 high.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.
Major Support Levels – $47,500, followed by $47,000.
Major Resistance Levels – $48,200, $48,500 and $50,000....

ETHEREUM BREAKS KEY HURDLE‚ WHY ETH COULD EXTEND ITS INCREASE

Ethereum gained traction and broke the $3,400 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surpass the $3,500 level.

Ethereum started a decent increase above the $3,350 and $3,400 resistance levels.
The price is now trading above $3,400 and the 100 hourly simple moving average.
There was a break above a crucial bearish trend line with resistance near $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now consolidating gains and it could even surpass the $3,500 level in the near term.

Ethereum Price is Eyeing More Gains

Ethereum formed a base above the $3,200 level and started a fresh increase. ETH was able to clear the $3,350 resistance level and the 100 hourly simple moving average.

There was also a break above a crucial bearish trend line with resistance near $3,360 on the hourly chart of ETH/USD. It opened the doors for a move above the main $3,400 resistance level. Ether extended its move above the $3,420 level and tested the $3,450 level.

A high is formed near $3,450 and the price is now consolidating gains, similar to bitcoin. It is also trading well above the 23.6% Fib retracement level of the recent increase from the $3,115 swing low to $3,450 high.

An immediate resistance on the upside is near the $3,420 level. The first major resistance is near the $3,450. A clear break above the $3,450 level could push the price further higher. The next major resistance sits near $3,500. Any more gains could set the pace for a move towards the $3,650 level.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,420 and $3,450 resistance levels, it could start a downside correction. An initial support on the downside is near the $3,380 level.

The next major support seems to be forming near the $3,350 level. Any more downsides might call for a test of the 50% Fib retracement level of the recent increase from the $3,115 swing low to $3,450 high. The next stop for the bears might be near the $3,240 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $3,350
Major Resistance Level – $3,450...

BITCOIN INDICATORS SUGGEST STRENGTHENING CASE FOR BREAK ABOVE $48‚000

Bitcoin price started a decent increase above the $46,000 resistance against the US Dollar. BTC is now back above $47,000, but it is facing hurdles near $47,600.

Bitcoin started a steady increase above the $45,600 and $46,200 resistance levels.
The price is now trading above $46,500 and the 100 hourly simple moving average.
There was a break above a key bearish trend line with resistance near $46,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must clear the $47,500 resistance zone to continue higher in the near term.

Bitcoin Price Starts Fresh Increase.

Bitcoin price remained well bid above the $45,000 level. As a result, BTC started a fresh increase above the $46,000 resistance zone and the 100 hourly simple moving average.

The price broke the $46,200 and $46,500 resistance levels. There was also a break above a key bearish trend line with resistance near $46,000 on the hourly chart of the BTC/USD pair. The pair was able to climb above the $47,000 resistance zone.

It is now facing resistance near the $47,500 zone. A high is formed near $47,464 and bitcoin price is now consolidating gains. It is currently well above the 23.6% Fib retracement level of the upward move from the $43,374 swing low to $47,464 high.

An immediate resistance on the upside is near the $47,400 level. The main resistance is now near the $47,500 zone. To continue higher, bitcoin must clear the $47,500 resistance. The next major resistance is near the $48,000 level, above which the price could rise towards the key $50,000 resistance in the near term.

Dips Supported In BTC?

If bitcoin fails to clear the $47,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $46,500 level. The first major support is near the $46,000 level.

The next key support seems to be forming near the $45,400 level and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the $43,374 swing low to $47,464 high.

Technical indicators:

Hourly MACD – The MACD is slowly losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.
Major Support Levels – $46,500, followed by $45,400.
Major Resistance Levels – $47,500, $48,000 and $49,200....

WHY ETHEREUM MUST CLEAR $3‚400 FOR HOPES OF A FRESH INCREASE

Ethereum is facing a major resistance near $3,400 against the US Dollar. ETH price could start a fresh decline if it fails to clear the $3,400 resistance zone.

Ethereum extended its decline below the $3,250 and $3,200 levels.
The price is now trading well below $3,400 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $3,370 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its decline unless there is a clear break above the $3,400 resistance.

Ethereum Price is Facing Resistance

Ethereum topped near the $3,450 level and started a fresh decline. ETH traded below the $3,220 support level and settled below the 100 hourly simple moving average.

It even broke the $3,160 support and traded as low as $3,115. Recently, there was a recovery wave above the $3,220 level, similar to bitcoin. There was a break above the $3,250 and $3,280 resistance levels. Ether climbed above the 50% Fib retracement level of the recent decline from the $3,450 swing high to $3,115 low.

However, the price is facing resistance near $3,350 and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $3,370 on the hourly chart of ETH/USD.

An immediate resistance on the upside is near the $3,350 level. The first major resistance is near the $3,380 and $3,400 levels. A proper move above the $3,400 could increase the chances of a steady increase. The next major resistance sits near $3,500. Any more gains could set the pace for a move towards the $3,620 level.

More Losses in ETH?

If ethereum fails to continue higher above the $3,380 and $3,400 resistance levels, it could start another downward move. An initial support on the downside is near the $3,220 level.

The next major support seems to be forming near the $3,150 level. A downside break below the $3,200 and $3,150 support levels might push the price further lower. In the stated case, the price could even decline below $3,100. The next stop for the bears might be near the $3,000 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $3,150
Major Resistance Level – $3,400...