{"id":501926,"date":"2022-09-12T05:28:01","date_gmt":"2022-09-12T05:28:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=501926"},"modified":"2024-06-11T14:26:01","modified_gmt":"2024-06-11T14:26:01","slug":"ethereum-gearing-lift-off-to-2k-2","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-gearing-lift-off-to-2k-2\/","title":{"rendered":"TA: Ethereum Gearing For Another Lift-Off to $2k: Rally Isn’t Over Yet"},"content":{"rendered":"
Ethereum gained pace above the $1,700 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,800 resistance.<\/em><\/p>\n Ethereum remained well bid above the $1,650 level and started a fresh increase<\/a>. ETH was able to clear the key $1,700 resistance zone and the 100 hourly simple moving average.<\/p>\n There was a clear move above the $1,750 resistance zone. A new multi-week high was formed near $1,788 and the pair is now correcting gains. There was a minor decline below the $1,750 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high.<\/p>\n The price is now trading above $1,700 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n On the upside, the price is facing resistance near the $1,750 level. The next major resistance is near the $1,780 level. A clear break above $1,780 might send the price towards the $1,820 level. Any more gains may perhaps open the doors for a move towards the $1,880 resistance in the near term. If the bulls remain in action, the price could pump towards the $2,000 level.<\/p>\n If ethereum fails to rise above the $1,780 resistance, it could start a downside correction. An initial support on the downside is near the $1,720 zone.<\/p>\n The next major support is near $1,700. It is near the 50% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high. A downside break below the $1,700 support might spark more losses. In the stated case, ether price might drop towards the $1,650 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n Major Support Level \u2013 $1,700<\/p>\n Major Resistance Level \u2013 $1,780<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained pace above the $1,700 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,800 resistance. Ethereum started a major increase and settled above the $1,700 level. The price is now trading above $1,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear $1,780 to continue higher towards $1,880 in the near term. Ethereum Price Uptrend Intact Ethereum remained well bid above the $1,650 level and started a fresh increase. ETH was able to clear the key $1,700 resistance zone and the 100 hourly simple moving average. There was a clear move above the $1,750 resistance zone. A new multi-week high was formed near $1,788 and the pair is now correcting gains. There was a minor decline below the $1,750 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high. The price is now trading above $1,700 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,750 level. The next major resistance is near the $1,780 level. A clear break above $1,780 might send the price towards the $1,820 level. Any more gains may perhaps open the doors for a move towards the $1,880 resistance in the near term. If the bulls remain in action, the price could pump towards the $2,000 level. Dips Supported in ETH? If ethereum fails to rise above the $1,780 resistance, it could start a downside correction. An initial support on the downside is near the $1,720 zone. The next major support is near $1,700. It is near the 50% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high. A downside break below the $1,700 support might spark more losses. In the stated case, ether price might drop towards the $1,650 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,700 Major Resistance Level \u2013 $1,780<\/p>\n","protected":false},"author":67,"featured_media":494002,"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-501926","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 Uptrend Intact<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in ETH?<\/h2>\n