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{"id":450668,"date":"2020-11-24T05:38:39","date_gmt":"2020-11-24T05:38:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=450668"},"modified":"2024-06-11T14:08:42","modified_gmt":"2024-06-11T14:08:42","slug":"ethereum-another-leg-higher-over-625","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-another-leg-higher-over-625\/","title":{"rendered":"TA: Ethereum Looks Ready For Another Leg Higher Over $625"},"content":{"rendered":"

Ethereum is trading nicely above the $600 resistance against the US Dollar. ETH price seems to be preparing for more gains above the $625 and USD $630 levels.<\/em><\/p>\n

\n
Ethereum settled nicely above the $600 level, with a positive angle.<\/li>\n
The price traded as high as $621 and it settled well above the 100 hourly simple moving average.<\/li>\n
There is a key rising channel forming with support near $602 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further above $625 as long as it is trading above the $600 support.<\/li>\n<\/ul>\n
Ethereum Price Settles Above $600<\/h2>\n
There was a steady increase in Ethereum above the $580 resistance, while ripple<\/a> rallied over 50%. ETH price climbed above the $600 resistance<\/a> level and it settled well above the 100 hourly simple moving average.<\/p>\n
The price traded to a new multi-month high at $621 and it is currently consolidating gains. An initial support on the downside is near the $612 level. It is close to the 23.6% Fib retracement level of the recent rise from the $582 swing low to $621 high.<\/p>\n
The main support seems to be forming near the $605, $602, and $600 levels. There is also a key rising channel forming with support near $602 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
The channel support is near the 50% Fib retracement level of the recent rise from the $582 swing low to $621 high. On the upside, ether price is facing hurdles near the $620 and $625 levels. A clear break above the $625 resistance might open the doors for a strong surge.<\/p>\n
The next major resistance is near the $645 and $650 levels. Any further upsides might lead ether towards the $675 and $680 levels in the near term.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If ethereum fails to break the $625 resistance level, there could be a minor correction. The first major support below $602 and $600 is near the $592 level.<\/p>\n
A downside break below the $592 support level might start a substantial decline. In the stated case, ether price may perhaps decline towards the $550 support level or the 100 hourly simple moving average.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is currently correcting lower from the 70 level.<\/p>\n
Major Support Level \u2013 $600<\/p>\n
Major Resistance Level \u2013 $625<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is trading nicely above the $600 resistance against the US Dollar. ETH price seems to be preparing for more gains above the $625 and USD $630 levels. Ethereum settled nicely above the $600 level, with a positive angle. The price traded as high as $621 and it settled well above the 100 hourly simple moving average. There is a key rising channel forming with support near $602 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further above $625 as long as it is trading above the $600 support. Ethereum Price Settles Above $600 There was a steady increase in Ethereum above the $580 resistance, while ripple rallied over 50%. ETH price climbed above the $600 resistance level and it settled well above the 100 hourly simple moving average. The price traded to a new multi-month high at $621 and it is currently consolidating gains. An initial support on the downside is near the $612 level. It is close to the 23.6% Fib retracement level of the recent rise from the $582 swing low to $621 high. The main support seems to be forming near the $605, $602, and $600 levels. There is also a key rising channel forming with support near $602 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The channel support is near the 50% Fib retracement level of the recent rise from the $582 swing low to $621 high. On the upside, ether price is facing hurdles near the $620 and $625 levels. A clear break above the $625 resistance might open the doors for a strong surge. The next major resistance is near the $645 and $650 levels. Any further upsides might lead ether towards the $675 and $680 levels in the near term. Dips Supported in ETH? If ethereum fails to break the $625 resistance level, there could be a minor correction. The first major support below $602 and $600 is near the $592 level. A downside break below the $592 support level might start a substantial decline. In the stated case, ether price may perhaps decline towards the $550 support level or the 100 hourly simple moving average. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently correcting lower from the 70 level. Major Support Level \u2013 $600 Major Resistance Level \u2013 $625<\/p>\n","protected":false},"author":67,"featured_media":450670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-450668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Looks Ready For Another Leg Higher Over $625<\/title>\n<meta name=\"description\" content=\"Ethereum is trading nicely above $600. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TA: Ethereum Looks Ready For Another Leg Higher Over $625","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-another-leg-higher-over-625\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-another-leg-higher-over-625\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/doran-erickson-gdAuwo-qj5k-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/doran-erickson-gdAuwo-qj5k-unsplash.jpg?fit=1920%2C1440"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ethusd","ethusdt"],"dateCreated":"2020-11-24T05:38:39Z","datePublished":"2020-11-24T05:38:39Z","dateModified":"2024-06-11T14:08:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Ethereum Looks Ready For Another Leg Higher Over $625\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-another-leg-higher-over-625\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-another-leg-higher-over-625\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/doran-erickson-gdAuwo-qj5k-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/doran-erickson-gdAuwo-qj5k-unsplash.jpg?fit=1920%2C1440\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2020-11-24T05:38:39Z\",\"datePublished\":\"2020-11-24T05:38:39Z\",\"dateModified\":\"2024-06-11T14:08:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/doran-erickson-gdAuwo-qj5k-unsplash.jpg?fit=1920%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/450668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=450668"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/450668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/450670"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=450668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=450668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=450668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}