Ethereum (ETH/USD) Market Rallies into a Bullish Trend Outlook
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Ethereum Price Prediction – April 4
There has been an increase in the ETH/USD trade valuation, and the crypto market rallies into a bullish trend outlook to feature between $3,524 and $3,472 value-lines at a minute negative percentage rate of 0.72.
ETH/USD Market
Key Levels:
Resistance levels: $3,750, $4,000, $4,250
Support levels: $3,250, $3,000, $2,750
ETH/USD – Daily Chart
The ETH/USD daily chart shows the crypto-economic market rallies into a bullish trend outlook. The bullish channel trend lines are drawn northward above the SMAs. The 14-day SMA indicator has moved to the upside to touch the 50-day SMA indicator. The Stochastic Oscillators are in the overbought region, moving around a range point of 80. Buying forces are seemingly beginning to lose the catalyst while trying to make spikes around higher trading resistances.
Will the ETH/USD market consolidates more in its motions as the market rallies into a bullish trend outlook?
The recovery moving motion in the ETH/USD market operations has to continue for some time as there has been no reliable reversal movement against the pattern to the upside. Currently, the crypto-economic market rallies into a bullish trend outlook. Variant candlesticks are over the trend lines of the SMAs, occurring in sequential order to the upside direction. On the contrary to seeing more ups, price tends to face resistance between $3,500 and $3,750 levels in the near time.
On the downside of the technical analysis, the ETH/USD market sellers should exercise some patience to be on the lookout for price action that tends to favor a downside when a spike is made but turned false in no time of makings to consider a sell order. Traders intending to go with that assumption have to be very cautious in executing a sell order.
ETH/BTC Price Analysis
In comparison, Ethereum appears to be playing a dominant role in the market operations, pairing with Bitcoin. The bullish channel trend lines drew over the SMA trend lines, keeping the path the base crypto intends to push to the north side against its counter crypto. The Stochastic Oscillators are in the overbought region, moving in a consolidation manner to signify that an upward force is in progress.
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