Forwarded from Crypto2AF™ Signals VIP
#Ethereum started a downside correction below $4,700 against the US Dollar. ETH is recovering, but it must clear $4,720 to start a fresh increase in the near term.
▫️ Ethereum started a downside correction below the $4,750 and $4,650 levels.
▫️ The price is now trading below $4,700 and the 100 hourly simple moving average.
▫️ There was a break below a key bullish trend line with support near $4,720 on the hourly chart of ETH/USD
▫️ The pair could start a fresh increase if it stays above the $4,500 support zone.
▫️ Ethereum started a downside correction below the $4,750 and $4,650 levels.
▫️ The price is now trading below $4,700 and the 100 hourly simple moving average.
▫️ There was a break below a key bullish trend line with support near $4,720 on the hourly chart of ETH/USD
▫️ The pair could start a fresh increase if it stays above the $4,500 support zone.
#Ethereum price analysis :
The next major resistance is near the $4,750 level. A break above the $4,750 level may possibly spark a fresh rally. The next key resistance is near the $4,850 level. Any more gains could lead the price towards the $5,000 level in the near term.
If #ethereum fails to climb above the $4,725 and $4,750 resistance levels, it could extend its downside correction. An initial support on the downside is near the $4,675 level.
The first major support is near the $4,650 level and the 100 hourly SMA. The next major support is near the $4,620 level. It is near the 50% Fib retracement level of the upward move from the $4,520 swing low to $4,725 high. Any more downsides could lead the price towards the $4,550 support. The next major support for the bulls is near the $4,500 level.
The next major resistance is near the $4,750 level. A break above the $4,750 level may possibly spark a fresh rally. The next key resistance is near the $4,850 level. Any more gains could lead the price towards the $5,000 level in the near term.
If #ethereum fails to climb above the $4,725 and $4,750 resistance levels, it could extend its downside correction. An initial support on the downside is near the $4,675 level.
The first major support is near the $4,650 level and the 100 hourly SMA. The next major support is near the $4,620 level. It is near the 50% Fib retracement level of the upward move from the $4,520 swing low to $4,725 high. Any more downsides could lead the price towards the $4,550 support. The next major support for the bulls is near the $4,500 level.
Hashdex files for Ethereum Spot ETF — link
FixTweet
James Seyffart (@JSeyff)
UPDATE: @hashdex has filed for a Spot #Ethereum ETF. Joining @ARKInvest /@21Shares and @vaneck_us.
↘️ Quoting James Seyffart (@JSeyff)
Update: Another filing from @hashdex this morning. But it looks identical to the one from Friday(Quoted). My guess is…
↘️ Quoting James Seyffart (@JSeyff)
Update: Another filing from @hashdex this morning. But it looks identical to the one from Friday(Quoted). My guess is…