Ethereum (ETH) Price Analysis: Ethereum Trades Marginally, May Face Rejection at Recent High

26 September 2021 | Updated: 26 September 2021

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/USD – Daily Chart

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.

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
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

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
9.8
  • 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
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
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.