\u200b\u200b\u200bEther remains close to its 3 3\/4 year high
\n\u200b\u200bEther bullish case:<\/p>\n
\u200b\u200bEther<\/a> is trying to revisit Monday’s near 33\/4 year high at $4362.90 ahead of Tuesday’s United States (US) consumer price index (CPI)<\/a> print.<\/p>\n \u200bThe cryptocurrency remains bid\u202f<\/a>while trading above its key $4105.53 to $3941.08 support zone<\/a>. It consists of the March, May and December 2024 as well as the July 2025 peaks and as such should act as strong support, if retested.\u202f<\/p>\n \u200bWhile this support area underpins, an advance above the current August high at $4362.90 probably remains at hand with the May 2021 peak at $4381.72 representing the next technical upside target.<\/p>\n \u200bAnother potential upside target is the November 2021 high at $4783.83.<\/p>\n \u200b\u200bEther bearish case:\u202f<\/p>\n \u200bWere ether to short-term top out around its current\u202f$4362.90 August high, a slip back towards the major\u202f$4105.53 to $3,941.08 support area is likely to ensue. If so, it is expected to stem the downside.<\/p>\n \u200bWere this not to be the case, the 21 July high at $3858.25 may be revisited.<\/p>\n \u200bOnly a currently technically less likely major bearish<\/a> reversal<\/a> and fall through the early August low at $3356.65 would increase the odds of a medium-term top being formed.\u202f<\/p>\n \u200bIn this scenario the area between the February to June highs at $2879.45 to $2733.27 might be revisited.\u202f<\/p>\n Ether daily chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bEther remains close to its 3 3\/4 year high \u200b\u200bEther bullish case: \u200b\u200bEther is trying to revisit Monday’s…\n","protected":false},"author":2,"featured_media":340240,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-340239","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115019573092764019","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/340239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=340239"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/340239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/340240"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=340239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=340239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=340239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}