Ethereum price started a new uptrend above $4,550. Currently, the price is above $4,700 and it is likely for another bull run to happen in short-term. Here is a summary of Ethereum Price in the past 24 hours:

Looking to Exchange Ethereum to PayPal? Here is our full guide.

  • Ethereum price surpassed the $4,550 and continued upward.
  • Currently, the price is above $4,650 and the 1-hour candles are above the SMA100.
  • For the 1-hour chart, ETH has surpassed the resistance level for a downtrend at $4,560.
  • In case ETH manages to stabilize above the $4,650, the uptrend will continue in short-term.

Ethereum Price Action Analysis

Ethereum managed to remain above $4,500 and started a new uptrend. Furthermore, it surpassed the $4,600 and entered the green zone. Following that, ETH surpassed the $4,650 and the SMA100. In the meantime, it is worth noting ETH surpassed the resistance level for a downtrend at $4,560.

Ethereum broke through its weekly high at $4,700. The highest recorded price has been $4,774. As for now, it is having a price correction and has penetrated the 23.6% Fibonacci retracement level from the latest rise from $4,352 to $4,774.

The first resistance level is at $4,775 followed by $4,800. Surpassing these two would bring strong positive momentum to the uptrend. Following these levels, Ethereum can approach $5,000 and $5,200.

On the other hand, if ETH fails to surpass the $4,800, there could be a new downtrend. For that scenario, the first support level will be expected at $4,675 followed by $4,550. This level is near the 50% Fibonacci retracement level.

Dipping below the $4,550 support level, the downtrend will gain momentum. If that is the case, the price could once again reach for $4,400 and the SMA100.

The Technical Indicators

MACD indicator: at the time of writing this article the 1-hour MACD for Ethereum is on an upward movement.

RSI: the relative strength index is currently 60.

Resistance levels: for the bullish run, the $4,775 is absolutely necessary to surpass.

Support levels: at this point, the $4,550 is the crucial support level for ETH.


HiExchange is a decentralized online platform to exchange your cryptocurrencies and e-currencies. We utilize an automated system to determine the best exchange rates at any moment. Furthermore, HiExchange does not require KYC or a sign-up process. Backed by 24/7 customer support, our great reviews on OkChanger and Trustpilot is a testament of our good will. We are on Bestchange and are always amongst the top exchanges.

To learn how to exchange your cryptocurrencies to PayPal you can read our instructional article.

For more instructional content, you can always visit HiExchange Blog