Ethereum Pump

Ethereum falling Wedge: What’s Next

The 4-hour chart shows the Ethereum falling wedge. Ethereum fell below the $4000 mark on November 26, 2021, and rose again to the support above.

The Ethereum price today is $4,327.92 USD with a 24-hour trading volume of $19,069,955,038 USD. Ethereum is up 6.38% in the last 24 hours, with a market cap of $513,020,758,315 USD. It has a circulating supply of 118,537,595 ETH coins.

Ethereum falling Wedge
Source: TradingView

Ethereum falling Wedge: Analysis

The support level of November 16, 2021, is maintained and now it rose yo above fib 0.382 breaking the resistance of EMA 20, 50, 100, and 200. That also shows that Ethereum is highly volatile and gaining momentum. If Ethereum successfully breaks above the $4556 mark, it goes Bullish again.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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