Ethereum (ETH) Price Analysis: Ether Attempts to Breaks Its Price Level at $838 of April 2018


Key Highlights
Ether breaks the $660 resistance, reaches the high of $757
Ethereum has a target price of $838

Ethereum ETH) Current Statistics
The current price: $744.23
Market Capitalization: $84,886,671,193
Trading Volume: $17,074,355,224
Major supply zones: $800, $820, $840
Major demand zones: $360, $340, $320

Ethereum (ETH) Price Analysis December 30, 2020
Ethereum bulls have continued to push on the upside as the coin reaches the high of $757. The biggest altcoin faces rejection as it tests the $760 resistance zone.

It is assumed that if it breaks the $760 resistance zone, the coin will attain the $838 price level of April 2018. Conversely, if the bulls fail to break this resistance level, the coin will be compelled to a sideways move. Alternatively, if Ether falls and breaks below $700, the downtrend will resume.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum has continued to remain above the 80% range of the daily stochastic. It indicates that the coin is in the overbought region of the market. In a strong trending market, the overbought condition may not hold. The RSI is at level 68 which indicates that the crypto has no enough room to rally on the upside.

ETH/USD – 4 Hour Chart

The biggest altcoin is in an upward move. The Fibonacci tool has indicated the upward movement of the coin. The coin has broken the $660 resistance. On November 23 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. It indicates that the market will rise to level 2.0 Fibonacci extensions or the high of $806.19.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.