ETH remains supported given its long-term upward trajectory

Beautiful, Buy Ethereum…… Oh No Don’t rush, Check out the Post first and then asked yourself about the buying task. i hope am making sense… lol

yeah, Lets Kick off, My name is Oyewumi isaac ayomide popularly know as LordRockBTC.

After hitting a new all-time high above $4,800, Ethereum traded to a new 8-day low below $4,650. Ether could start a fresh rally unless there is a break above $4,950.

• Ethereum started a downside correction below $4,750 and $4,700 yesterday.
• The price of Ethereum is now trading above $4,650 and the average price of the past 100 hours.
• In the short term, a bearish trend line with resistance near $5,000 on the hourly chart of ETH/USD was breached.
• The price of the pair is expected to rise.

Ethereum price is starting to see an increase in value.

The price of Ethereum rose above $4,650 and $4,700 resistance levels. In the past 24 hours, Ethereum has steadily climbed above $4,650 and $4,700. In the next few days, Ethereum may climb above $4,750 and the 100 hourly SMA.

Read Also:

Cardano (ADA) has seen a sharp price increase in the past 24 hours, shooting up almost 10% to trade at $0.22.

The price climbed above $4,800 and traded to a new all-time high. It traded as high as $4,839 and is now correcting gains. There was a break below the $4,750 support level and the trend line. Ethereum is one of the best performing assets of the year. The price even climbed above $4,800 and traded to a new all-time high today. It topped out at $4,839 and is currently correcting gains.

On the upside, $4,720 is seen as immediate resistance. A break above $4,720 could possibly lead to a fresh rally. The next key resistance is near $4,750. On the downside, $4,500 was seen, A resistance on the upside is near $4,720. If the price surpasses this level, it will be likely to test $4,750. $4,750 will be a major hurdle for further gains.

Are you in support of an ETH network that can add extra transactions when there are dips, i.e., a cryptocurrency that can handle dips?

If ethereum cannot climb above the $4,720 and $4,750 levels it may continue to decrease in value. An initial support level is near the $4,680 and a 100 hour moving average.

Ethereum’s price is down more than 50% from its all-time highs. If the cryptocurrency fails to climb above $4,720 and $4,750 and drop below $4,680 and $4,660, it could continue, If ethereum fails to climb higher, it could still drop lower.

The first major support is also near the $4,600 level. It is close to the 50% Fib retracement level of the upward move from the $4,346 swing low to $4,839 high. Any more downsides. The 50% Fib retracement level of the upward move from the $4,346 swing low to $4,839 high is also near the first major support of $4,600. Any more declines may perhaps push the price towards the resistance line.

Always Contact Us for more Analyst on Crypto Currency assests and Enjoy The Great and Most Important Update in Crpto Space

Quick Reply Through Whatsapp – Click Here

Conclusion

The next key resistance is near $4,750. On the downside, $4,500 was seen, A resistance on the upside is near $4,720. If the price surpasses this level, it will be likely to test $4,750. $4,750 will be a major hurdle for further gains.

Originally posted 2022-09-07 21:29:34.