By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Above $4,200, Ethereum Lacks Momentum, but Dips Are Likely to Be Limited
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > CRYPTOPEDIA > ETHEREUM NEWS > Above $4,200, Ethereum Lacks Momentum, but Dips Are Likely to Be Limited
ETHEREUM NEWSNews

Above $4,200, Ethereum Lacks Momentum, but Dips Are Likely to Be Limited

NFT Studio 24
Posted NFT Studio 24 December 6, 2021 365 Views 3 Min Read
Updated 2022/02/08 at 5:02 PM
Ethereum
SHARE

In terms of the US Dollar, Ethereum Lacks Momentum, is encountering resistance near $4,250. To begin a consistent growth in the near term, ETH must stay above $4,000.

Contents
The Price of Ethereum Lacks Momentum, Has Recovered Some of Its Losses.Is There a New Drop in ETH?
  • After a severe plunge below $4,000, Ethereum has begun to recover.
  • The price has dropped below $4,250 and is now trading below the 100 hourly simple moving average.
  • On the hourly chart of ETH/USD, a key bullish trend line is forming with support near $4,150. (data feed via Kraken).
  • If there is a clear break over $4,250 and the 100 hourly SMA, the pair might begin a new rise.

The Price of Ethereum Lacks Momentum, Has Recovered Some of Its Losses.

After breaking the $4,250 support, Ethereum began a steep drop. The $4,000 and $3,800 support levels were broken by ETH. It has begun an upside correction after trading as low as $3,327.

The $3,800 and $4,000 resistance levels were broken above. Ether price even surpassed the 50% Fib retracement level of the latest collapse from the $4,662 swing high to the $3,327 low. It is, however, still below $4,250 and the 100 hourly simple moving average.

On the hourly chart of ETH/USD, a key bullish trend line is forming with support near $4,150. On the upside, near the $4,200 mark, there is some initial resistance. Near the $4,250 mark, the first substantial resistance exists.

Near the $4,350 mark, the next major stumbling block awaits. The current plunge from the $4,662 swing high to $3,327 low is nearing the 76.4 percent Fib retracement level.

ETHUSD
ETHUSD on TradingView.com

A sustained advance above the $4,250 and $4,350 levels might propel the price much higher. Near the $4,500 level, the next significant barrier is found. In the short term, any more rises might push the price towards the $4,650 resistance zone.

Is There a New Drop in ETH?

If Ethereum does not begin a new upward trend above $4,250, it may begin a new downward trend. On the downside, the trend line and the $4,150 level provide first support.

A breach below the $4,150 support zone on the downside could signal the commencement of a longer-term drop. In the above scenario, the price could drop below $4,000 or even lower. The next significant support level is $3,820, below which the price may fall to $3,650.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article crypto market cap The Asian Stock Market Sell-off on Monday Has Increased Bitcoin and Cryptocurrency Volatility
Next Article Saxo Bank on Nft The ‘outrageous Prediction’ by Saxo Bank on Nft-based Platforms Disrupting Spotify

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Azukis Twitter account hackers steal 750K in half an hour
Azuki’s Twitter account hackers steal $750K in half an hour
LATEST NFT NEWS & METAVERSE News January 29, 2023
Michael Saylor says Bank of America has embraced Bitcoin
Michael Saylor says Bank of America has embraced Bitcoin
BITCOIN NEWS News January 29, 2023
Blockchain Fest Singapore 2023 nftstudio24
FINEXPO Presents Blockchain Fest Singapore 2023
Blockchain Fest Singapore 2023 will be The Largest Event in Asia
EVENTS PRESS RELEASE January 28, 2023
Join us
Ad imageAd image

You Might also Like

Azukis Twitter account hackers steal 750K in half an hour
LATEST NFT NEWS & METAVERSENews

Azuki’s Twitter account hackers steal $750K in half an hour

January 29, 2023
Michael Saylor says Bank of America has embraced Bitcoin
BITCOIN NEWSNews

Michael Saylor says Bank of America has embraced Bitcoin

January 29, 2023
Bidstack signs a deal with SimWin Sports for virtual league
LATEST NFT NEWS & METAVERSENews

Bidstacks signs a deal with SimWin Sports for virtual league

January 28, 2023
Investor Josef Holm visits India with his Web3 Venture fund
India's Web3 & Metaverse NewsNewsWEB3

Investor Josef Holm visits India with his Web3 Venture fund

January 28, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?