{"id":454655,"date":"2021-01-17T06:08:21","date_gmt":"2021-01-17T06:08:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=454655"},"modified":"2024-06-11T14:12:48","modified_gmt":"2024-06-11T14:12:48","slug":"ethereum-signals-bullish-breakout-1400","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-signals-bullish-breakout-1400\/","title":{"rendered":"Ethereum Signals Bullish Breakout, Why ETH Could Hit New ATH Soon"},"content":{"rendered":"
Ethereum broke the $1,200 resistance to move into a bullish zone against the US Dollar. ETH price is showing positive signs and it is likely to continue higher above $1,300 and $1,400.<\/em><\/p>\n This past week, bitcoin<\/a> and ethereum saw a fresh increase above $1,150 and $35,000 respectively against the US Dollar. ETH price even surpassed the $1,200 resistance zone and settled well above the 100 simple moving average (4-hours).<\/p>\n The upward move was such that there was a break above a major contracting triangle with resistance near $1,215 on the 4-hours chart of ETH\/USD. Ether price traded as high as $1,292 before correcting lower.<\/p>\n There was a break below the $1,240 level. The price traded below the 23.6% Fib retracement level of the recent increase<\/a> from the $1,066 swing low to $1,292 high. However, the broken triangle resistance is acting as a strong support near the $1,200 zone.<\/p>\n <\/a><\/p>\n The next major support is near the $1,180 level. It is close to the 50% Fib retracement level of the recent increase from the $1,066 swing low to $1,292 high.<\/p>\n On the upside, the price is facing a short-term resistance near the $1,280 level. A clear break above the $1,280 and $1,300 resistance levels could open the doors for a larger increase. In the stated case, ether price might even surpass $1,400 and trade to a new all-time high in the near term.<\/p>\n If Ethereum fails to clear the $1,280 and $1,300 resistance levels, it could start a downside correction. The first key support on the downside is near the $1,180 level.<\/p>\n The main support is forming near the $1,150 level (the recent breakout zone). Any more losses could lead the price towards $1,050 and the 100 simple moving average (4-hours).<\/p>\n Technical Indicators<\/p>\n 4 hours MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bullish zone.<\/p>\n 4 hours RSI – The RSI for ETH\/USD is well above the 50 level.<\/p>\n Major Support Level \u2013 $1,180<\/p>\n Major Resistance Level \u2013 $1,280<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum broke the $1,200 resistance to move into a bullish zone against the US Dollar. ETH price is showing positive signs and it is likely to continue higher above $1,300 and $1,400. ETH price is gaining bullish momentum above the $1,200 pivot level against the US Dollar. The price is facing hurdles near $1,280, but it is well above the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1,215 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher towards $1,400 and $1,500 in the coming days. Ethereum\u2019s Ether Could Rally Further This past week, bitcoin and ethereum saw a fresh increase above $1,150 and $35,000 respectively against the US Dollar. ETH price even surpassed the $1,200 resistance zone and settled well above the 100 simple moving average (4-hours). The upward move was such that there was a break above a major contracting triangle with resistance near $1,215 on the 4-hours chart of ETH\/USD. Ether price traded as high as $1,292 before correcting lower. There was a break below the $1,240 level. The price traded below the 23.6% Fib retracement level of the recent increase from the $1,066 swing low to $1,292 high. However, the broken triangle resistance is acting as a strong support near the $1,200 zone. Source: ETHUSD on TradingView.com The next major support is near the $1,180 level. It is close to the 50% Fib retracement level of the recent increase from the $1,066 swing low to $1,292 high. On the upside, the price is facing a short-term resistance near the $1,280 level. A clear break above the $1,280 and $1,300 resistance levels could open the doors for a larger increase. In the stated case, ether price might even surpass $1,400 and trade to a new all-time high in the near term. Dips Supported in Ether (ETH)? If Ethereum fails to clear the $1,280 and $1,300 resistance levels, it could start a downside correction. The first key support on the downside is near the $1,180 level. The main support is forming near the $1,150 level (the recent breakout zone). Any more losses could lead the price towards $1,050 and the 100 simple moving average (4-hours). Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bullish zone. 4 hours RSI – The RSI for ETH\/USD is well above the 50 level. Major Support Level \u2013 $1,180 Major Resistance Level \u2013 $1,280<\/p>\n","protected":false},"author":67,"featured_media":454657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1946,8686,78803],"class_list":["post-454655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum\u2019s Ether Could Rally Further<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in Ether (ETH)?<\/h2>\n