{"id":501945,"date":"2022-09-12T11:10:39","date_gmt":"2022-09-12T11:10:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=501945"},"modified":"2022-09-12T11:10:39","modified_gmt":"2022-09-12T11:10:39","slug":"ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000\/","title":{"rendered":"Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000"},"content":{"rendered":"

Ethereum rallied from the hype generated by the Merge announcement. Although this is recent news, ETH already hit the $2,000 mark after the bearish July market.\u00a0<\/span><\/p>\n

After over a month of price increases, ETH\u2019s price closed in on the $2,000 mark. One of its highest since the entire crypto market crashed. However, the most recent rally has placed confidence in investors and traders alike.\u00a0<\/span><\/p>\n

Related Reading: XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August<\/a><\/div>\n

\"\"<\/p>\n

The Highly-Anticipated Merge<\/strong><\/h2>\n

The rally was because of the recent ETH Merge announcements that has been the talk of crypto traders around the world. This move, according to Ethereum co-founder Vitalik Buterin, will bring efficiency to the network and reduce overall carbon footprint.\u00a0<\/span><\/p>\n

These types of announcements however boost the confidence of traders and investors pushing the price up.\u00a0<\/span><\/p>\n

As of this writing, ETH is oscillating at ranges $1,718.41 and $1,791.76. The token is also trying to entrench itself on the 78.60 percent in the Fib retracement.\u00a0<\/span><\/p>\n

Related Reading: How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally<\/a><\/div>\n

\"\"<\/p>\n

Ethereum Bulls Try To Breach Resistance<\/strong><\/h2>\n

The recent support is set at $1,740.63 with the resistance at the $1,802.12. The bulls have consistently tried to target $1,802.76 resistance to continue the rally. <\/span><\/p>\n

But as the graph shows, the rally has stagnated and the bull now tries to consolidate the position.\u00a0<\/span><\/p>\n

Two things might happen while ETH\u2019s price stabilizes; (1) the resistance will be pierced on a later day and will rally again, or (2) the price breaks the $1,740 support and drops.\u00a0<\/span><\/p>\n

If the price pierces the 61.80% Fib level, then the bulls will gain momentum and may reach $2,000 in a few days’ time. But the indicators say otherwise.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

The CCI and Stochastic RSI numbers indicate a slow down in trend price. As of writing, the CCI is at 16.69 and Stoch RSI at 16.17 indicating a small sell-off movement.\u00a0<\/span><\/p>\n

If the bulls manage to gain momentum once again, then the price might jump and pierce to the next resistance level at the 61.80% Fib level. If the price goes down however, we can expect the support to be at the $1,662.31 range.\u00a0<\/span><\/p>\n

This is a crucial point in ETH\u2019s history pre-merge. If the bulls fail to at least consolidate the price at the $1,740 support line then there will be a large chance for a downward price reversal. This would inherently have an effect on ETH\u2019s price post-merge.\u00a0<\/span><\/p>\n

<\/p>\n

Crypto total market cap at $1.02 trillion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Crypto News, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Ethereum rallied from the hype generated by the Merge announcement. Although this is recent news, ETH already hit the $2,000 mark after the bearish July market.\u00a0 After over a month of price increases, ETH\u2019s price closed in on the $2,000 mark. One of its highest since the entire crypto market crashed. However, the most recent rally has placed confidence in investors and traders alike.\u00a0 Related Reading: XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August The Highly-Anticipated Merge The rally was because of the recent ETH Merge announcements that has been the talk of crypto traders around the world. This move, according to Ethereum co-founder Vitalik Buterin, will bring efficiency to the network and reduce overall carbon footprint.\u00a0 These types of announcements however boost the confidence of traders and investors pushing the price up.\u00a0 As of this writing, ETH is oscillating at ranges $1,718.41 and $1,791.76. The token is also trying to entrench itself on the 78.60 percent in the Fib retracement.\u00a0 Related Reading: How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally Ethereum Bulls Try To Breach Resistance The recent support is set at $1,740.63 with the resistance at the $1,802.12. The bulls have consistently tried to target $1,802.76 resistance to continue the rally. But as the graph shows, the rally has stagnated and the bull now tries to consolidate the position.\u00a0 Two things might happen while ETH\u2019s price stabilizes; (1) the resistance will be pierced on a later day and will rally again, or (2) the price breaks the $1,740 support and drops.\u00a0 If the price pierces the 61.80% Fib level, then the bulls will gain momentum and may reach $2,000 in a few days’ time. But the indicators say otherwise.\u00a0 The CCI and Stochastic RSI numbers indicate a slow down in trend price. As of writing, the CCI is at 16.69 and Stoch RSI at 16.17 indicating a small sell-off movement.\u00a0 If the bulls manage to gain momentum once again, then the price might jump and pierce to the next resistance level at the 61.80% Fib level. If the price goes down however, we can expect the support to be at the $1,662.31 range.\u00a0 This is a crucial point in ETH\u2019s history pre-merge. If the bulls fail to at least consolidate the price at the $1,740 support line then there will be a large chance for a downward price reversal. This would inherently have an effect on ETH\u2019s price post-merge.\u00a0 Crypto total market cap at $1.02 trillion on the daily chart | Source: TradingView.com Featured image from Crypto News, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":501951,"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":[1144,6664,8323,1946,7931,8686,86577],"class_list":["post-501945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-crypto","tag-eth","tag-ethereum","tag-ethereum-news","tag-ethusd","tag-merge"],"acf":[],"yoast_head":"\nEthereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum rallied from the hype generated by the Merge announcement. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000","url":"http:\/\/uniquehot.com\/news\/ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/Ethereum-9.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/Ethereum-9.png?fit=789%2C526"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","crypto","eth","ethereum","ethereum news","ethusd","merge"],"dateCreated":"2022-09-12T11:10:39Z","datePublished":"2022-09-12T11:10:39Z","dateModified":"2022-09-12T11:10:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Ethereum-9.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Ethereum-9.png?fit=789%2C526\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"crypto\",\"eth\",\"ethereum\",\"ethereum news\",\"ethusd\",\"merge\"],\"dateCreated\":\"2022-09-12T11:10:39Z\",\"datePublished\":\"2022-09-12T11:10:39Z\",\"dateModified\":\"2022-09-12T11:10:39Z\"}<\/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\/2022\/09\/Ethereum-9.png?fit=789%2C526","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/501945","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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=501945"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/501945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/501951"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=501945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=501945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=501945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}