Is Ethereum Staging a Short-Term Rally - Price Analysis.
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Ethereum Price Analysis - Support & Resistance Movements.
2021-12-06 | Eddy Morgan
ETH/USD 1 DAY PRICE CHART: SOURCE - COINMARKETCAP.COM
Following the pair's recent volatility, possible upward retracement levels and technical resistance regions include 4171.22, 4311.93, 4486.02, and 4512.26. Traders have noticed that the 50-bar MA (4-hourly) is bearishly signaling below the 200-bar MA (4-hourly) and bullishly showing above the 100-bar MA (4-hourly). Furthermore, the 50-bar MA (hourly) is bearishly predicting a move below the 100-bar MA (hourly) and the 200-bar MA (hourly). The 100-bar MA (4-hourly) is at 4288.49, while the 50-bar MA (Hourly) is at 4234.49. Stops are expected around 3515.25/ 3375.24/ 3235.23, with technical support expected around 3515.25/ 3375.24/ 3235.23. Technical resistance is predicted to be found around 4265.21/ 4311.93/ 4486.02, with stops expected to be placed above. At the reporting time, Ethereum is presently trading at a price of around $4016 USD, down 3.95% for the day.
