Forex and Crypto News

Ethereum price continues to show strong growth

13:08 15 April /2021

Ethereum price has continued to show strong growth since the end of March. In 7 days, the price of Ethereum has increased by 22%, and since March 25, this growth has been 58%. Ethereum has become more productive compared to Bitcoin.

On the price chart, the ETH/USD pair broke through the resistance area limited by the levels of 2300-2400. And at the time of publication, the ETH/USD pair is trading in the area of 2430. Ethereum has reached a new all-time high at 2485, but still can’t touch the mark of 2500 to see the bearish reaction.

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Now the price of Ethereum has formed support at the level of 2400. Further, there is support at the level of 2330. At the same time, the 100-hour moving average provides support in the area of ​​2250.

Only resistance at 2450 is holding back the ETH/USD pair from testing the level of 2500. A successful close above 2450 is likely to set the pace for a move towards the 2500 level.

If the ETH/USD pair fails to overcome this level, it will try the 2400 support again for strength. Major support around 2330 provides enough support to keep the price from falling.

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