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Singapore PM tells followers to 'remain vigilant' on crypto after seeing name used to sell tokens
Singapore PM tells followers to ‘remain vigilant’ on crypto after seeing name used to sell tokens
April 5, 2021
Singapore authority issues crypto warning after PM falls prey to scammers
Singapore authority issues crypto warning after PM falls prey to scammers
April 6, 2021

Ethereum Sets New ATH

April 6, 2021
Categories
  • Ethereum
Tags
  • ATH
  • Ethereum
  • Market
Ethereum Sets New ATH

Ethereum, like bitcoin, has stayed in a positive zone above the $2,000 support in recent sessions. ETH also broke through the $2,100 barrier and traded above $2,150, a new all-time high.

On the hourly chart of ETH/USD, there was a split above a main bearish trend line with resistance around $2,060 during the rise. The stock is now well above the $2,100 support level as well as the 100 hourly simple moving average.

Near $2,150, a new high has emerged, and the market is consolidating gains. The $2,115 range is a good place to start looking for support. It’s close to the 23.6 percent Fib retracement pace of the latest wave from the swing low of $2,004 to the peak of $2,150.

Moreover, a short-term rising channel is emerging with support of around $2,100. Near the $2,080 mark, it seems that big support is emerging. It’s near to the 50% Fib retracement pace of the latest wave from the swing low of $2,004 to the peak of $2,150.

The $2,150 mark is a short-term resistance on the upside. A clear break above the $2,150 high could open the way for more gains above $2,180 and $2,200.

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