Category: ETH

Highlights
Ethereum price is facing rejection at $4,200
Ether is resuming a fresh uptrend

Ethereum ETH) Current Statistics
The current price: $4,032.75
Market Capitalization: $476,099,086,368
Trading Volume: $14,735,834,907
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 24, 2021
Ethereum’s (ETH) price is in a downward move and it is consolidating below the $4,200 resistance zone. Since October 21, Ethereum has been in a downward move after rejection from the high of $4,370. The bulls have also retested the $4,200 resistance after falling below it. The selling pressure is likely to extend below $4,000. A break below the $4,000 support will further cause the crypto to decline. On the other hand, if the support holds, the biggest altcoin will commence the resumption of an upward move.

ETH Technical Indicators Reading
The cryptocurrency has fallen to level 61 of the Relative Strength index period 14. It indicates that the crypto is in the uptrend zone and it is above the centerline 50. The market is likely to resume an upward move. Ether is above the 40% range of the daily stochastic. The market is in a bullish momentum.

Conclusion
On the 4-hour chart, ETH/USD is in a downward move. Buyers have failed to break above $4,200 resistance on three occasions. On each occasion, the market will decline on the downside. ETH price has broken below the 21-day SMA. Meanwhile, on October 21 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extension or level $3,840.84. From the price action, Ether has fallen to the low of $3,892 before resuming upward.

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Highlights
Ethereum price break above $4,000 resistance zone
Ether will rally to $4,500

Ethereum ETH) Current Statistics
The current price: $4,083.74
Market Capitalization: $481,904,311,256
Trading Volume: $18,827,124,887
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 20, 2021
Since October 15, Ethereum’s (ETH) price has been consolidating below the $4,000 resistance zone. Today, the bulls have broken above the $4,000 resistance zone. The uptrend is likely to continue on the upside. Since September 3, the $4,000 resistance level has not been broken. If buyers are successful, Ethereum will rally to $4,500.

ETH Technical Indicators Reading
Ether is at level 67 of the Relative Strength index period 14. It indicates that the crypto is in the uptrend zone and it is approaching the overbought region. The altcoin will soon reach the overbought region at level 70. However, ETH/USD is above the 80% range of the daily stochastic. The market is in a bullish momentum and has reached the overbought region. The crypto’s price is still above the moving average as the market resumes upside momentum.

Conclusion
On the 4-hour chart, Ether’s price has broken above the $4,000 resistance zone. Buyers make attempt to sustain the bullish momentum. On October 16, the bulls were repelled at the same resistance level. The biggest altcoin dropped to $3,750 low as bulls bought dips. Meanwhile, on October 16 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will rise to level 1.618 Fibonacci extension or level $4,300.10 .

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Highlights
Ethereum price rallies to $3,964 high
Ether in an upward move, targets $4,200 high

Ethereum ETH) Current Statistics
The current price: $3,897.10
Market Capitalization: $459,590,834,865
Trading Volume: $15,001,083,967
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 17, 2021
Ethereum’s (ETH) price has continued to rally on the upside. On October 16, Ether rallied to $3,964 but was resisted. Buyers are attempting to break above the $4,000 resistance zone. Ether is consolidating below the $4,000 resistance zone. The upward move is facing rejection at the recent high. On the upside, a break above the resistance will catapult the altcoin to $4,200 high but it will face stiff resistance at the recent high.

ETH Technical Indicators Reading
Ether is at level 65 of the Relative Strength index period 14. The cryptocurrency is in the bullish trend zone and capable of a further upward move. The biggest altcoin is above the 25% range of the daily stochastic. The market is in a bullish momentum. The crypto’s price is still above the moving averages which suggest further upside.

Conclusion
On the 4-hour chart, Ethereum is in an upward move. Ether rallied to $3,964 but was repelled. Buyers are making another attempt at the resistance zone. Meanwhile, on October 16 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ether will rise but will reverse at level 1.272 Fibonacci extension or level $4,116.73.

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Highlights
Ethereum price declines to $3,400 low and corrected upward
The selling pressure may continue on the downside

Ethereum ETH) Current Statistics
The current price: $3,518.37
Market Capitalization: $414,860,856,848
Trading Volume: $15,140,626,861
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 13, 2021
Ethereum’s (ETH) price is making a downward move after rejection at the $3,600 resistance. On October 6 uptrend; buyers pushed the biggest altcoin to the high of $3,632 but could not continue the bullish momentum. On October 10, the biggest altcoin dropped to $3,409 as bulls bought the dips. Ether price corrected upward to $3,622 but was resisted again. The market has started declining. Meanwhile, on October 11 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.618 Fibonacci extension or level $2,850.05.

ETH Technical Indicators Reading
The biggest altcoin is at level 53 of the Relative Strength index period 14. The altcoin is still in the uptrend zone and capable of a further upward move. The moving averages are still flowing upward indicating the uptrend. Ether has fallen to the oversold region but above the 25% range of the daily stochastic. It indicates that the market is in a bullish momentum.

Conclusion
On the 4-hour chart, Ethereum has fallen to the low of $3,400 but it is hovering above. Meanwhile, on October 11 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $3,330.08.

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Highlights
Ethereum price faces rejection at level $3,640
Ether falls to the oversold region of the market

Ethereum ETH) Current Statistics
The current price: $3,406.22
Market Capitalization:
Trading Volume: $16,108,502,877
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 10, 2021
Ethereum’s (ETH) price rallied to $3,600 high on October 6 but was compelled to a sideways move. The bulls find penetration difficult at the recent high as the altcoin was repelled. Ether is retracing to the support above the 50-day line SMA. If it finds support above the 50-day SMA, the uptrend will resume. However, if the crypto’s price breaks below the moving averages, the selling pressure will resume.

ETH Technical Indicators Reading
Ether is at level 54 of the Relative Strength index period 14. The altcoin is still in the uptrend zone and capable of a further upward move. Ether has fallen below the 20% range of the daily stochastic. It indicates that the market is in a bearish momentum. As Ether reaches the oversold region, buyers are likely to emerge.


Conclusion
On the 4-hour chart, Ethereum was previously consolidating below the $3,640 resistance. The selling pressure has resumed as the coin faces resistance at the recent high. Meanwhile, on October 8 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $3,405.79. From the price action, the market has fallen to the low of $3,452 at the time of writing.

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Highlights
Ethereum price is likely to retrace to $3,400 low
Ether faces rejection at the high of $3,700 resistance

Ethereum ETH) Current Statistics
The current price: $3,595.65
Market Capitalization: $424,737,779,028
Trading Volume: $22,575,713,894
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 5, 2021
Since October 1, Ethereum’s (ETH) price has been trading in the bullish trend zone. The upward move has been hampered because the market reached the overbought region. The biggest altcoin has been retracing from the recent high. The coin is likely to retrace to the low of $3,400. In other words, the altcoin may retrace to the support above the 50-day SMA. If it does, the uptrend will resume on the upside.

ETH Technical Indicators Reading
Ether is at level 60 of the Relative Strength index period 14. The biggest altcoin is in the uptrend zone and capable of a further upward move. Ether is above the 80% range of the daily stochastic. The daily stochastic bands are sloping downward indicating a downward move. It indicates that the market is in a bearish momentum.


Conclusion
On the 4-hour chart, Ethereum is in a bullish momentum. The bulls broke the initial resistance at $3,500 but were resisted at the $3,700 resistance zone. Meanwhile, on October 2 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that Ether will rise but reverse at level 1.272 Fibonacci extension or level $3,611.73. From the price action, the market has retested 1.272 Fibonacci extension and it is resuming a downward move.

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Highlights
Ethereum price will fall to the oversold region at $3,353
Ether upward move is likely

Ethereum ETH) Current Statistics
The current price: $3,356.06
Market Capitalization: $394,936,042,777
Trading Volume: $14,968,239,414
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 3, 2021
Ethereum’s (ETH) price has broken above the moving averages. This is an indication of further upward movement of the altcoin. Presently, the altcoin is facing rejection at the $3,480 high. The retracement has fallen below the 20% range of the daily stochastic. It implies that the coin has fallen to the oversold region of the market. In other words, the selling pressure has reached bearish exhaustion. Buyers will emerge to push the altcoin upward. On the daily chart, if price retraces and finds support above the 50-day SMA, the upward move may resume.

ETH Technical Indicators Reading
Presently, ETH’s price bars are above the 21-day and 50-day SMAs which indicates a further rise of the coin. Ether is at level 54 of the Relative Strength index period 14. It indicates that the coin is in the uptrend zone and above the centerline 50. The altcoin is capable of rising on the upside. Ether is below the 20% range of the daily stochastic. It indicates that the market has reached bearish exhaustion. Buyers are expected to emerge in the oversold region.


Conclusion
On the 4-hour chart, Ethereum has fallen to the oversold region. The selling pressure may have ended. Meanwhile, on October 3 downtrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that Ether will fall but reverse at level 1.272 Fibonacci extension or level $3,353.03.

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Highlights
Ethereum price shows strong support above $2,600
Ether range-bound move continues for few days

Ethereum ETH) Current Statistics
The current price: $2,920.84
Market Capitalization: $343,844,624,140
Trading Volume: $16,616,551,354
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis September 29, 2021
Ethereum’s (ETH) price has been fluctuating between $2,800 and $3,200 for the past week. Buyers and sellers have failed to break the range-bound levels as the altcoin continues its range-bound move. Sellers have an added advantage because Ether is trading in the bearish trend zone. Besides, the bears have broken below the previous low at $3,026. Meanwhile, on September 7 downtrend; a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $2,102.85.

ETH Technical Indicators Reading
Ether has a bearish crossover. That is, the 21-day SMA crosses below the 50-day SMA. This indicates a sell signal. Also, the altcoin is at level 43 of the Relative Strength index period 14. It indicates that the coin is in the downtrend zone and below the centerline 50. Ether is above the 25% range of the daily stochastic. It indicates that the market is in the bullish trend zone. The biggest altcoin is rising but may face stiff resistance at a recent high.

Conclusion
On the 4-hour chart, Ethereum is in a range-bound move. The biggest altcoin has been fluctuating between $2,800 and $3,200. The range-bound levels are yet to broken. Meanwhile, on September 21 downtrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extension or level $2,039.49.

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Key Highlights
Ethereum fluctuates between levels $2,600 and $3,200
Ether may slump to level $2,035

Ethereum ETH) Current Statistics
The current price: $3,006.72
Market Capitalization: $353,835,854,770
Trading Volume: $21,809,764,847
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis September 26, 2021
After the September 21 bearish impulse, Ethereum’s (ETH) price fell to the low of $2,656 as bulls bought the dips. For the past week, the biggest altcoin has been fluctuating between $2,600 and $3,200. The uptrend will resume if price breaks above the $3,400 high. Also, the market will decline if the bears break below the $2,600 support. Meanwhile, on September 7 downtrend; a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $2,042.61.

ETH Technical Indicators Reading
Ether’s price is at level 42 of the Relative Strength index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. Ether is having a bearish crossover as the 21-day SMA crosses over the 50-day SMA. The coin is above the 40% range of the daily stochastic. It indicates that the market is in the bullish trend zone. The biggest altcoin is rising but may face stiff resistance at a recent high.

Conclusion
On the 4-hour chart, Ethereum is in a downward move. The bears are finding penetration difficult at the low of $2,656. The downtrend will resume if the previous low is breached. Meanwhile, on September 21 downtrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extension or level $2,042.16.

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Key Highlights
Ethereum price breaks moving averages resumes downward
Ether targets the low of $2,082

Ethereum ETH) Current Statistics
The current price: $2,908.05
Market Capitalization: $341,770,388,786
Trading Volume: $28,141,190,537
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis September 22, 2021
Ethereum’s (ETH) price has fallen below the moving averages suggesting a further downward movement of the crypto. The bears have also broken below the previous low at $3,026 to another low of $2,656. As the biggest altcoin falls below the previous low, further downsides are likely. Meanwhile, on September 7 downtrend; a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $2,082.71.

ETH Technical Indicators Reading
The crypto’s price is now below the moving averages which suggest that Ether is in the bearish trend zone. The altcoin is capable of falling in the bearish trend zone. Ether is at level 40 of the Relative Strength index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The coin is above the 20% range of the daily stochastic. It indicates that the market is in the bullish trend zone.

Conclusion
Ethereum is likely to further decline as price breaks below the previous low at level $3,026. Nevertheless, the Fibonacci tool has further indicated a downward move to level 2.0 Fibonacci extension.

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