Ethereum Price Analysis: ETH Reclaims $1300, Facing Huge Resistance

ETH/USD– Ethereum Bounces From.236 Fib Assistance
Secret Assistance Levels: $1300, $1200, $1080.

ETH/USD Daily Chart. Source: TradingView.
ETH-USD Short Term Price Prediction
Looking ahead, the very first level of strong resistance lies at $1392 (1.618 Fib Extension & 2021 High-day Closing price). This is followed by $1425 (previous ATH0, $1472 (new ATH), and $1500.
Beyond $1500, resistance is found at $1530 (1.414 Fib Extension– blue), $1582 (1.618 Fib Extension– orange), and $1645 (1.618 Fib Extension– blue).
On the other side, the first level of assistance lies at $1300. This is followed by $1200 (.236 Fib), the lower boundary of the rate channel ($ 1150), $1080 (.382 Fib), and $1000.
The day-to-day RSI just recently rebounded from the midline, indicating the bulls are still in charge of the momentum, which is increasing.
ETH/BTC– Bulls Bounce From 2020 Highs
Secret Support Levels: 0.0416 BTC, 0.0405 BTC, 0.0396 BTC.

Key Resistance Levels: 0.0428 BTC, 0.0435 BTC, 0.045 BTC.
Versus Bitcoin, Ethereum has actually been trapped within a steep ascending cost channel since the start of January 2021. The coin hit the 2021 high at 0.045 BTC on Monday and began to head lower from there.
It discovered support at 0.0405 BTC over the previous few days and just recently bounced from the lower boundary of the price channel today to hit the current 0.0421 BTC level.

Looking ahead, the very first level of resistance lies at 0.0428 BTC (1.272 Fib Extension). This is followed by 0.0435 BTC (1.414 Fib Exnteison) and 0.045 BTC (1.618 Fib Extension). Included resistance is found at 0.046 BTC and 0.0483 BTC.
On the other side, the first level of assistance lies at 0.0416 BTC (2019 High). Included assistance lies at 0.039 BTC (.382 Fib) and 0.0376 BTC.

ETH/BTC Daily Chart. Source: TradingView.
ETH-BTC Short Term Price Prediction
Looking ahead, the very first level of resistance lies at 0.0428 BTC (1.272 Fib Extension). This is followed by 0.0435 BTC (1.414 Fib Exnteison) and 0.045 BTC (1.618 Fib Extension). Added resistance is discovered at 0.046 BTC and 0.0483 BTC.
On the other side, the first level of support lies at 0.0416 BTC (2019 High). This is followed by the rising cost channel, 0.0405 BTC (2020 High), and 0.0396 BTC (Feb 2019 High). Included support lies at 0.039 BTC (.382 Fib) and 0.0376 BTC.
The RSI is slowly fading from overbought conditions, suggesting the previous bullish momentum is fading a little. Nevertheless, the bulls are still in charge, and this ought to help keep it above the cost channel.2021s Most Anticipated Growth & Wealth-Building OpportunityJoin Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency TogetherCLAIM YOUR SEAT!Read More

Secret Resistance Levels: $1392, $1425, $1475.
Ethereum had actually set a new ATH cost at $1473 on Monday. It could not close a day-to-day candle light above the $1392 resistance and wound up rolling over the previous few days.
It continued to drop until assistance was found yesterday at $1200 (.236 Fib), which allowed the coin to rebound. It pushed higher today and is now checking resistance at $1350 (1.272 Fib Extension).