Key Highlights
Ethereum bulls break resistances at $2,150 and $2,200
The biggest altcoin has broken resistance at level $2,300
Ethereum ETH) Current Statistics
The current price: $2,349.68
Market Capitalization: $270,957,376,500
Trading Volume: $30,816,542,480
Major supply zones: $2,000, $2,200, $2,400
Major demand zones: $1,800, $51,600, $1,400
Ethereum (ETH) Price Analysis April 14, 2021
Buyers have broken the $2,150 and $2,200 resistance as Ether approaches the $2500 high. The biggest altcoin is facing resistance at the $2,300 high. The market price will rise if the current resistance is breached. Ether is expected to rise to $2,500 high if the bullish momentum is sustained. However, Ether will reverse at the recent high, if it faces rejection. Meanwhile, on April 6 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement implies that ETH will rise to level 1.272 Fibonacci extensions but the crypto may reverse.
ETH Technical Indicators Reading
Ethereum has risen to level 68 of the Relative Strength Index period 14. The crypto is approaching the overbought region of the market. The 21-day SMA and 50-day SMA are sloping upward.
Conclusion
Ethereum has broken the initial resistance at $2,300 as price surged ahead. Meanwhile, on the 4 Hour Chart, a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that Ethereum will rise to level 2.0 Fibonacci extension or the high of $2,347.32. From the price action, the market has risen to the Fibonacci level.
You can purchase crypto coins here: Buy Coins
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 results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.