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{"id":508457,"date":"2022-11-15T04:53:41","date_gmt":"2022-11-15T04:53:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=508457"},"modified":"2024-06-11T14:28:11","modified_gmt":"2024-06-11T14:28:11","slug":"ethereum-price-recovery-1300","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-recovery-1300\/","title":{"rendered":"Ethereum Price Near Make-or-Break Levels, Can ETH Start Steady Recovery"},"content":{"rendered":"

Ethereum started a recovery wave above the $1,210 level against the US Dollar. ETH must clear $1,260 and the 100 hourly SMA to start a decent recovery wave.<\/em><\/p>\n

\n
Ethereum started a recovery wave above the $1,200 and $1,220 levels.<\/li>\n
The price is now trading below $1,280 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,260 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is now struggling to clear the $1,260 resistance and the 100 hourly simple moving average.<\/li>\n<\/ul>\n
Ethereum Price Near Key Juncture<\/h2>\n
Ethereum reacted to the downside after it failed to clear $1,300, similar to bitcoin<\/a>. ETH traded below the $1,220 support level and settled below the 100 hourly simple moving average.<\/p>\n
It even spiked below $1,200 and traded as low as $1,170. Recently, there was an upside correction above the $1,200 and $1,220 levels. Ether price climbed above the 23.6% Fib retracement level of the recent decline from the $1,348 swing high to $1,170 low.<\/p>\n
Ether price is now trading below $1,280 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,260 level. There is also a key bearish trend line forming with resistance near $1,260 on the hourly chart of ETH\/USD.<\/p>\n
The trend line is near the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,170 low. The next major resistance is near the $1,300 level. A clear break above the $1,300 resistance could set the pace for a decent increase.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
In the stated case, the price could rise to the $1,350 level. Any more gains might send the price toward the $1,400 resistance zone.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If ethereum fails to climb above the $1,300 resistance, it could start another decline. An initial support on the downside is near the $1,210 level.<\/p>\n
The next major support is near the $1,170 level, below which ether price may perhaps accelerate lower. In the stated scenario, the price could decline towards the $1,100 support zone in the near term.<\/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 above the 50 level.<\/p>\n
Major Support Level \u2013 $1,170<\/p>\n
Major Resistance Level \u2013 $1,300<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum started a recovery wave above the $1,210 level against the US Dollar. ETH must clear $1,260 and the 100 hourly SMA to start a decent recovery wave. Ethereum started a recovery wave above the $1,200 and $1,220 levels. The price is now trading below $1,280 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,260 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is now struggling to clear the $1,260 resistance and the 100 hourly simple moving average. Ethereum Price Near Key Juncture Ethereum reacted to the downside after it failed to clear $1,300, similar to bitcoin. ETH traded below the $1,220 support level and settled below the 100 hourly simple moving average. It even spiked below $1,200 and traded as low as $1,170. Recently, there was an upside correction above the $1,200 and $1,220 levels. Ether price climbed above the 23.6% Fib retracement level of the recent decline from the $1,348 swing high to $1,170 low. Ether price is now trading below $1,280 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,260 level. There is also a key bearish trend line forming with resistance near $1,260 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,170 low. The next major resistance is near the $1,300 level. A clear break above the $1,300 resistance could set the pace for a decent increase. Source: ETHUSD on TradingView.com In the stated case, the price could rise to the $1,350 level. Any more gains might send the price toward the $1,400 resistance zone. Fresh Decline in ETH? If ethereum fails to climb above the $1,300 resistance, it could start another decline. An initial support on the downside is near the $1,210 level. The next major support is near the $1,170 level, below which ether price may perhaps accelerate lower. In the stated scenario, the price could decline towards the $1,100 support zone in the near term. 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 above the 50 level. Major Support Level \u2013 $1,170 Major Resistance Level \u2013 $1,300<\/p>\n","protected":false},"author":67,"featured_media":464347,"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-508457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Near Make-or-Break Levels, Can ETH Start Steady Recovery<\/title>\n<meta name=\"description\" content=\"Ethereum started a recovery wave above the $1,210 level against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Near Make-or-Break Levels, Can ETH Start Steady Recovery","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-recovery-1300\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-recovery-1300\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_547233985.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_547233985.jpg?fit=1000%2C655"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2022-11-15T04:53:41Z","datePublished":"2022-11-15T04:53:41Z","dateModified":"2024-06-11T14:28:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Near Make-or-Break Levels, Can ETH Start Steady Recovery\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-recovery-1300\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-recovery-1300\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_547233985.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_547233985.jpg?fit=1000%2C655\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2022-11-15T04:53:41Z\",\"datePublished\":\"2022-11-15T04:53:41Z\",\"dateModified\":\"2024-06-11T14:28:11Z\"}<\/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\/2021\/05\/shutterstock_547233985.jpg?fit=1000%2C655","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/508457"}],"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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=508457"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/508457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/464347"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=508457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=508457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=508457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}