Ethereum Price Targets Upside After Surpassing $4,700

Ethereum Price Update

  • Ethereum's price has risen above $4,700 and is currently correcting gains.
  • The price is trading above $4,550, supported by the 100-hourly Simple Moving Average.
  • A break occurred below a bullish trend line with support at $4,660 on the ETH/USD hourly chart (via Kraken).
  • An increase might occur if the price surpasses the $4,650 and $4,685 resistance levels.

Resistance and Support Levels

  • Resistance: Immediate at $4,650, followed by $4,685, and major at $4,700. A clear move above $4,750 could lead to targets of $4,820 or $4,880.
  • Support: Initial at $4,550, with major support at $4,520. Further decline could test $4,420 and pivot level at $4,350.

Technical Indicators

  • MACD: Losing momentum in the bullish zone.
  • RSI: Below the 50 zone.

Ethereum Price