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Ethereum fails at USD 4,000 mark

 


The Ethereum course fails to break the resistance at around USD 4,000. Should Ethereum break through USD 3,600, the USD 3,000 mark is just around the corner.


Ethereum price repeatedly fails to break the Fib level at around USD 4,000

So far, the ETH price has reached the golden ratio support at around USD 3,500 and bounced off it very violently. Since then, Ethereum has not been able to break the Fib resistance at around USD 4,000. In fact, Ethereum was turned down on it three times last week. Unless EthereumIf the resistance does not break, it may fall back to $ 3,500. There the 200-day EMA serves as additional support. Otherwise, the 50-day EMA is around USD 4,100 and acts as additional resistance. In the daily rate, the MACD is currently bullish, because the histogram is ticking bullish higher and the MACD lines could soon cross bullish. Nevertheless, the USD 4,000 mark is groundbreaking for the course of the Ethereum course.


At around 3,000 USD at the latest, massive support awaits the Ethereum course

Should the Ethereum course break at around USD 3,500 due to the golden ratio support, Ethereum will find massive support at around USD 3,000 at the latest. There the Ethereum price hits the 0.382 Fib level, a golden ratio and the 50-week EMA. The USD 3,000 mark is a bottom contender for this Ethereum cycle and it is unlikely that Ethereum will fall below it.


In the bear case, Ethereum will find support at around USD 2,000

Should it turn out differently and Ethereum experiences a violent sell-off, Ethereum could even fall to around USD 2,000. The last Golden Ratio support for the ETH course is waiting there. Otherwise, at around USD 1,300, the 50-month EMAs and 200-week EMAs are still waiting for the ETH course, which also serve as support.


Still on the verge of bullish breakout against BTC

Against Bitcoin , the ETH price is still at the golden ratio resistance at around 0.085 BTC. If Ethereum breaks this, it could rise violently. Otherwise, support is waiting for the ETH rate at around 0.056 BTC.

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