- Ethereum coin price is currently seeing a strong upside momentum and can soon see a new high. It has seen a gain of 1% in the past 24 hours
- Technical indicators of ETH suggest a strong upside rally in the future. Meanwhile, ETH/BTC pair has seen a loss of 1.82% in the intraday session.
ETH crypto price is currently seeing a strong upside momentum which can push the asset price to a new high. Ethereum has recently broken its all-time high resistance and can soon see a new high. It is currently trading near the value of $4835 and has seen a gain of more than 1% in the intraday session. Ethereum coin price bullish rally might soon push it to a new high. One can observe the hostile region of ETH near the value of $5000.
The support region of the coin can be seen near $4000. The asset price is currently trading long above the 50 and 100 Daily Moving Average.
One can see a strong rally in Ethereum, once ETH 2.0 hits the market. ETH/BTC pair can also observe a new high in the future.
Ethereum volume along with the market cap can also see a strong surge in the future. The volume to market capitalization ratio of ETH hints towards a strong rally in the future. One can invest in Ethereum and risk capacity.
ETH Crypto Price Technical Indicators Suggests A Strong Rally
The weekly technical chart of ETH suggests a strong upside momentum in the price for upcoming days. One can see a strong bullish trend line being formed in Ethereum.
There is a formation of a bullish pattern in the daily chart and can soon see a strong momentum. ETH price is all set to rally for a new high. ETH/BTC pair can also observe a new high in the future.
The volume indicator of ETH is near 92K with a surge of buying pressure. If the price of the asset jumps over $5.5K, then a new surge can be seen.
Conclusion
ETH coin price is currently seeing a strong upside momentum and can soon see a new high. ETH/BTC pair can also observe a new high in the future.
Technical Levels
Major Support:$4000
Major Resistance:$5500