Ethereum (ETH) Price Analysis: Ether Recovers Above Level $3,600, the Uptrend Is Facing Rejection at Level $3,900

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Key Highlights
Ethereum retraces and finds support above $3,600
The upward move is facing rejection at $3,900

Ethereum ETH) Current Statistics
The current price: $3,847.20
Market Capitalization: $445,902,612,510
Trading Volume: $40,196,938,842
Major supply zones: $2,000, $2,200, $2,400
Major demand zones: $1,800, $51,600, $1,400

Ethereum (ETH) Price Analysis May 16, 2021
Ethereum is in a downward correction after its rejection from the $4,400 resistance zone. The biggest altcoin fell to the low of $3,600 and resumed a sideways move. Presently, the altcoin is fluctuating between $3,600 and $4,100. Meanwhile, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that ETH is likely to rise to level 1.272 Fibonacci level and reverse. That is the high of $5,010.83.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is at level 61 of the Relative Strength Index period 14. It indicates that the altcoin is in the bullish trend zone and capable of rising on the upside. The altcoin is above the 30% range of the daily stochastic. It indicates that the market is in a bullish momentum.

ETH/USD – 4 Hour Chart

Ethereum has been in a downward move. On the 4-hour chart, Ether price is making a series of lower highs and lower lows. Meanwhile, on May 10 uptrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. This retracement indicates that the coin will rise to level 1.618 Fibonacci extension or the high of $4,718.06. From the price action, the market has reached the high of $4,740.65

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 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.

Leave a Reply

Your email address will not be published. Required fields are marked *