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Ethereum price is bullish - will 4,400 USD follow?

 


The Ethereum price is rebounding strongly and could now move towards the USD 4,400 mark. Will the ETH course break the resistance?


Ethereum price bounces off Golden Ratio support

The Ethereum price again bounced off the golden ratio at around USD 3,500 and thus even remains above the 0.382 Fib level at around USD 3,700. Ethereum is currently about to break the 50-4H EMA. If broken, Ethereum could rise to the 200-4H-EMA, where Ethereum encounters the 0.382 Fib resistance. Should Ethereum exceed this price level of USD 4,000, it could rise to around USD 4,400 at the golden ratio.


Ethereum price could rise to 4,400 USD

Because the MACD is currently also developing bullishly, as it is about to cross over into bullish territory while the histogram is working bullishly upwards. While the 200-day EMA acts as additional support at the golden ratio support at around USD 3,500, the 50-day EMA acts as additional resistance at around USD 4,000. The USD 4,000 mark represents a decisive hurdle for Ethereum . If this is broken, USD 4,400 is in prospect. Only when the golden ratio is broken at around 4,400 USD is the Ethereum price trend bullish again and the correction ended.


Ethereum price ends the week bearishly

Unfortunately, this week was still bearish over the turn of the year and Ethereum was rejected at the start of the week at the 0.382 Fib level at around USD 4,000. Should Ethereum fail to overcome the USD 4,000 hurdle, it will find massive support at around USD 3,000 at the latest.


Ethereum price starts the new year bullish

After all, the new year has started bullishly so far! After Ethereum bounced off the golden ratio at around USD 3,500 last month, Ethereum has been on an upward trend since January 1st, 2022.


Resistance to BTC on the way to the golden ratio

Against Bitcoin was Ethereum rejected resistance at the Golden Ratio. As a result, the ETH price on the 50-day EMA found support at around 0.079 BTC, whereupon the ETH price is developing particularly strongly today.


The golden crossover in the 4H chart could follow against BTC

If this strong upward movement continues, Ethereum will not be back at the golden ratio resistance at around 0.085 BTC very soon, but the EMAs could also establish a golden crossover, which would confirm the trend bullishly.

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