Is the Ethereum course preparing for a new all-time high?


Legends of Bezogia Reveals Sustainable Play2Earn Mechanics By Publishing Breakthrough Whitepaper

ZOGI Labs Ltd. reveals shocking whitepaper detailing next-level blockchain...

10 Best Projects in the NFT World for 2022

If you're thinking about changing careers or just getting...

Lyfe, the first music artist to debut its own Metaverse

Miami-based entrepreneur Antonio Trincao, a.k.a. Lyfe, has unveiled the...

Inaugural ZENCON a resounding success

Over 200 participants and attendees of the 68-Hour-Hackathon produced...


Ethereum has risen over 11% in the past 24 hours, made up for its recent losses and could now be heading for its all-time high above $ 2,600

Ether is impressing with a positive performance: in the last 24 hours it has risen by 11% to make up for its recent losses. Ethereum broke through the first major resistance level at $ 2,339 yesterday before falling back below $ 2,200.

Now, however, he has resumed his upward movement, breaking the mark of 2,349 US dollars and even rising above 2,400 US dollars. At the time of this report, ETH is trading at US $ 2,485, having overcome a large resistance level at US $ 2,474.

The analyst “The Crypto Dog” is of the opinion that ETH could reach a new all-time high in the coming days.

ETH Course Forecast

The 4-hour chart from ETH/USD clearly shows that the cryptocurrency is currently in a rally. After the losses at the end of last week, ETH recovered at the weekend and is now trying again to reach its all-time high.

If the current trend continues, ETH / USD could exceed the next major resistance at $ 2,533. A sustained rally could focus on the all-time high ($2,644) and pave the way for ETH to reach a new all-time high.

4-Hour chart ETH / USD. Source: Coinalyze

The MACD line is in the bullish area and RSI is approaching 60. ETH is trading well above its 100-day SMA ($2,248), indicating that the cryptocurrency has strong support at the moment.

However, in the event of a slump, the ETH/USD pair could move back towards the support point at $ 2,163. If there is no longer a wave of sales, the cryptocurrency should be able to hold above 2,000 US dollars. Ether has a large support level at $ 2,082, and its 23.6% Fibonacci retracement level of $ 2,041 should limit potential losses.