extended the Ethereum price rally and traded above its all-time high of $ 3.550 against the US Dollar. According to the famous analyst Aayush Jindal, who made successful predictions, the Ethereum price corrects the gains, but will likely continue to bid above $ 3.100.
- Ethereum price remained on a strong uptrend and broke the $ 3.400 level.
- The price is currently trading well above the average at $ 3.200 and the 100 saadollarsik simple movements.
- There is a major bullish trend line formed with support near $ 3.220 on the Saadollarsik ETH / USD pair chart (data feed via Kraken).
- The pair may correct the decline, but the bulls are likely to remain active around $ 3.100 and $ 3,000.
Ethereum price set new all-time high: $ 3.456!
Ethereum price is following a strong uptrend above the $ 3,000 resistance. ETH surpassed Bitcoin and rose above the $ 3,200 level. There was a 10% increase in ETH and the price broke the $ 3.400 level. ETH traded to its new all-time high of $ 3.456, with 100 saadollarsik simple action rounds settled nicely above average.
Ethereum price is now correcting gains and trading below the $ 3.370 level. There was a break below the 50% Fib retracement level of the last rally. The downside emergency support is near the $ 3.250 level, according to the analyst. There is also a major bullish trend line formed with support near $ 3.220 on the Saadollarsik ETH / USD chart.
Aayush Jindal: Ethereum price now plays to these levels
The trendline rose near the 61.8% Fib retracement level of the recent rally from $ 3.088 to $ 3.456. The next major support is near the $ 3.080 level where the price could extend losses. In the given case, according to the analyst, the price could revisit the average with the support of $ 2. 950 and the 100-hour-long simple movement paths.
If Ethereum price remains stable above the trendline support and above $ 3.100, it could continue to rise. An initial resistance on the upside is near the $ 3. 380 level, according to the analyst. The first major resistance is near the $ 3.400 level. 3. An open up break above the $ 400 level could open the doors for more bullish above $ 3.456. The next big stop in the near term could be $ 3.550 or even $ 3.620, according to the analyst.
Current view of Ethereum price with technical indicators
Saadollarsik MACD: The MACD for ETH / USD is slowly losing momentum in the bullish zone.
Saadollarsik RSI: The RSI for ETH / USD is still above the 50 level.
Major Support Level: 3. $ 100.
Main Resistance Level: 3. $ 400.