{"id":506237,"date":"2022-10-14T06:00:37","date_gmt":"2022-10-14T06:00:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=506237"},"modified":"2024-06-11T07:16:12","modified_gmt":"2024-06-11T07:16:12","slug":"ethereum-price-pumps-1400","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-pumps-1400\/","title":{"rendered":"Ethereum Price Pumps and Looks Ready For Another Leg Higher Over $1,400"},"content":{"rendered":"
Ethereum spiked lower after the US CPI release against the US Dollar. ETH dived to $1,200 before it started a sharp increase and surpassed $1,300.<\/em><\/p>\n Ethereum faced a sharp decline after the US CPI data was released, similar to bitcoin price<\/a>. ETH dropped below the $1,250 support level. It even spiked below the $1,200 level before the bulls emerged.<\/p>\n A low was formed near $1,188 and the price started a strong increase. There was over 5% rally above the $1,250 resistance zone. Ether price broke the 61.8% Fib retracement level of the downward move from the $1,306 swing high to $1,188 low.<\/p>\n Besides, there was a break above a major bearish trend line with resistance near $1,290 on the hourly chart of ETH\/USD. The pair is now trading above $1,300 and the 100 hourly simple moving average.<\/p>\n An immediate resistance on the upside is near the $1,335 level. It is near the 1.236 Fib extension level of the downward move from the $1,306 swing high to $1,188 low. The first major resistance is near the $1,350 level. A clear upside break above the $1,350 resistance zone could open the doors for more gains.<\/p>\n <\/a><\/p>\n\n
Ethereum Price Jumps Over 5%<\/h2>\n