Cryptolean Ethereum ETH Update
Ethereum is testing the top of the key resistance zone of $3,837-$4,054.
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart is trading in the bullish territory above $3,844.
A bullish move (after a closure of 4-Hour candle above $4,001) towards the key resistance zone of $4,190-$4,324 is very likely.
A strong bullish break-out and a sustained price action above $4,190-$4,324 will allow bulls to take a control of the intraday chart and push #ETH price towards $4,682.
A bearish rejection of $4,190-$4,324 will send Ethereum price to re-test a minor support at $4,001, and, possobly, lower to the key intraday support at $3,844.
Ethereum is following BTC. A price action with the key daily resistance of $69,654-$73,422 in the BTCUSD daily chart is still important to watch.
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart is trading in the bullish territory above $3,844.
A bullish move (after a closure of 4-Hour candle above $4,001) towards the key resistance zone of $4,190-$4,324 is very likely.
A strong bullish break-out and a sustained price action above $4,190-$4,324 will allow bulls to take a control of the intraday chart and push #ETH price towards $4,682.
A bearish rejection of $4,190-$4,324 will send Ethereum price to re-test a minor support at $4,001, and, possobly, lower to the key intraday support at $3,844.
Ethereum is following BTC. A price action with the key daily resistance of $69,654-$73,422 in the BTCUSD daily chart is still important to watch.
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A bullish break-out of $4,054 will send ETH price towards $4,569.
A sustained price action below $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSDT 4-Hour chart is neutral and pushing the key intraday support of $3550.
A bearish move and a bullish rejection of $3550 will push Ethereum price back to the key resistance at $3845, however to become bullish in the intraday chart Ethereum will have to break this resistance to the upside.
A strong bearish break-out and a sustained price action below $3,550 will push ETH price first to $3,392 support and then lower to the key support zone of $3,069-$3,203.