Ethereum (ETH) Price Analysis: Ether Surges Ahead, Attempts to Break Above the $4,000 High


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/USD – Daily Chart

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.

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.

ETH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy Tokens

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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 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.

  • 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
  • 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.