Ethereum Regains Strength, Why Bulls Could Aim $4,500

Ethereum gained pace above the $4,250 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,400 resistance zone. Ethereum is trading in a bullish zone above the $4,250 level. The price is now well above $4,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $4,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,250 support level in the…

Ethereum Gains Momentum, Dips Turn Attractive In Near-Term

Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level. The price is now well above $4,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,350 support level in the near term.…

Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price. Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success. Ether/USD price on Bitstamp. Source: TradingView Users continue to complain about Ethereum gas fees,…

Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K

Ethereum is stable above the $4,250 pivot level against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,350 resistance zone. Ethereum is trading in a bullish zone above the $4,200 level. The price is consolidating above $4,250 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $4,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear break above the $4,350 resistance…

Ethereum Show Positive Signs, Why ETH Could Outperform Bitcoin

Ethereum remained stable above $4,050 against the US Dollar. ETH could gain bullish momentum once it clears the $4,325 and $4,350 resistance levels. Ethereum is showing a few positive signs above the $4,200 level. The price is now trading above $4,200 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $4,205 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if there is a clear break above the $4,350 resistance zone. Ethereum Price…

Ethereum Could Avoid a Major Drop if it Closes Above One Key Level

Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave. Ethereum started a fresh decline from the $4,350 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $4,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $4,050 support zone. Ethereum Price Is Facing…

Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase

Ethereum failed to clear $4,400 and started a fresh decline against the US Dollar. ETH must stay above $4,120 to start a fresh increase in the near term. Ethereum started a fresh decline from the $4,440 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $4,120 support…

Ethereum Breaks USD 4K, Indicators Suggest Short-term Recovery

Ethereum extended decline below the $4,200 support against the US Dollar. ETH spiked below $4,000 and it might now correct higher in the short-term. Ethereum started a fresh decline from the $4,350 and $4,300 resistance levels. The price is now trading below $4,200 and the 100 hourly simple moving average. There is a new rising channel forming with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a proper close below $4,000 in the near term. Ethereum Price…

Ethereum Attempts Recovery But This Resistance Is The Key

Ethereum found support near $4,065 and started a recovery against the US Dollar. ETH could continue higher if there is a clear break above $4,350. Ethereum started a recovery wave from the $4,065 support zone. The price is now trading above $4,250 and the 100 hourly simple moving average. There is a key rising channel forming with support near $4,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if there is a break below $4,240 and $4,200. Ethereum Price Eyes More…

Ethereum layer-twos reportedly processing more transactions than BTC

Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings. According to CoinMetrics data collated by industry analyst and Week In Ethereum News founder Evan Van Ness, there were more transactions on Ethereum layer-two than on the Bitcoin network on Sept. 6. Layer-two protocols processed around 250,000 transactions for the day whereas there were around 210,000 on BTC. Fun fact: There are already more daily…