{"id":499641,"date":"2022-08-23T08:48:48","date_gmt":"2022-08-23T08:48:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=499641"},"modified":"2024-06-11T14:22:51","modified_gmt":"2024-06-11T14:22:51","slug":"ethereum-could-recover-to-1800","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-could-recover-to-1800\/","title":{"rendered":"TA: Ethereum Could Recover To $1,800 If It Clears This Key Resistance"},"content":{"rendered":"
Ethereum found support near the $1,520 zone against the US Dollar. ETH is attempting an upside correction and might eye a strong move towards $1,800.<\/em><\/p>\n Ethereum found support near the $1,520 zone. ETH bears made two attempts to push the price below the $1,520 support<\/a>, but the bulls remained active.<\/p>\n A base was formed near $1,520 and the price started a decent increase. There was a move above the $1,580 and $1,600 levels. Ether price even spiked above the 23.6% Fib retracement level of the downward move from the $1,880 swing high to $1,524 low.<\/p>\n It is now trading below $1,650 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,650 level. There is also a key bearish trend line forming with resistance near $1,625 on the hourly chart of ETH\/USD.<\/p>\n The first major resistance is now forming near the $1,700 level. It is near the 50% Fib retracement level of the downward move from the $1,880 swing high to $1,524 low. A clear move above the $1,700 level could send the price further higher.<\/p>\n <\/a><\/p>\n The next major resistance is near the $1,800 level. A clear move above the $1,800 resistance could even push the price above the $1,850 resistance.<\/p>\n If ethereum fails to rise above the $1,650 resistance, it could continue to move down. An initial support on the downside is near the $1,560 zone.<\/p>\n The next major support is near $1,520, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,480 level. Any more losses may perhaps open the doors for a move towards the $1,465 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $1,525<\/p>\n Major Resistance Level \u2013 $1,650<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum found support near the $1,520 zone against the US Dollar. ETH is attempting an upside correction and might eye a strong move towards $1,800. Ethereum remained well bid above the $1,520 level and corrected above $1,600. The price is now trading below $1,650 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,625 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $1,650 resistance. Ethereum Price Faces Hurdle Ethereum found support near the $1,520 zone. ETH bears made two attempts to push the price below the $1,520 support, but the bulls remained active. A base was formed near $1,520 and the price started a decent increase. There was a move above the $1,580 and $1,600 levels. Ether price even spiked above the 23.6% Fib retracement level of the downward move from the $1,880 swing high to $1,524 low. It is now trading below $1,650 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,650 level. There is also a key bearish trend line forming with resistance near $1,625 on the hourly chart of ETH\/USD. The first major resistance is now forming near the $1,700 level. It is near the 50% Fib retracement level of the downward move from the $1,880 swing high to $1,524 low. A clear move above the $1,700 level could send the price further higher. Source: ETHUSD on TradingView.com The next major resistance is near the $1,800 level. A clear move above the $1,800 resistance could even push the price above the $1,850 resistance. More Losses in ETH? If ethereum fails to rise above the $1,650 resistance, it could continue to move down. An initial support on the downside is near the $1,560 zone. The next major support is near $1,520, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,480 level. Any more losses may perhaps open the doors for a move towards the $1,465 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,525 Major Resistance Level \u2013 $1,650<\/p>\n","protected":false},"author":67,"featured_media":464009,"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":[8323,1946,8686,78803],"class_list":["post-499641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Faces Hurdle<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n