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{"id":512369,"date":"2022-12-13T23:40:33","date_gmt":"2022-12-14T04:40:33","guid":{"rendered":"https:\/\/uniquehot.com\/?p=512369"},"modified":"2024-06-11T14:31:55","modified_gmt":"2024-06-11T14:31:55","slug":"ethereum-price-aim-big-1400","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-aim-big-1400\/","title":{"rendered":"Ethereum Price Aim Big After Recent Breakout Above $1,300"},"content":{"rendered":"

Ethereum gained pace for a move above the $1,300 resistance against the US Dollar. ETH is consolidating gains and might eye a fresh increase in the near term.<\/em><\/p>\n

\n
Ethereum was able to clear the $1,280 and $1,300 resistance levels.<\/li>\n
The price is now trading above $1,280 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct lower, but the bulls might be active near $1,280 and $1,270.<\/li>\n<\/ul>\n
Ethereum Price Breaks Hurdle<\/h2>\n
Ethereum price remained well bid<\/a> above the $1,240 support zone. ETH formed a base above the $1,250 level and the 100 hourly simple moving average.<\/p>\n
There was a strong increase above the $1,280 resistance after the US CPI release, similar to bitcoin<\/a>. Besides, there was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH\/USD. The pair even cleared the $1,300 resistance zone.<\/p>\n
Ether price traded as high as $1,349 before the bears appeared. Recently, there was a downside correction below the $1,320 level. The price declined below the 23.6% Fib retracement level of the recent wave from the $1,240 swing low to $1,349 high.<\/p>\n
However, the bulls were active near the $1,300 support zone. It also stayed well above the 50% Fib retracement level of the recent wave from the $1,240 swing low to $1,349 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
An immediate resistance on the upside is near the $1,325 level. The first major resistance is near the $1,345 and $1,350 levels. A close above the $1,350 resistance might start a fresh increase. The next major resistance could be $1,400. Any more gains might send the price towards the $1,500 resistance zone.<\/p>\n
Dips Limited in ETH?<\/h2>\n
If ethereum fails to climb above the $1,350 resistance, it could start another downside correction. An initial support on the downside is near the $1,295 level.<\/p>\n
The next major support is near the $1,280 level and the 100 hourly simple moving average, below which the price could even retest the $1,260 support. Any more losses could lead the price towards the $1,245 support.<\/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 well above the 50 level.<\/p>\n
Major Support Level \u2013 $1,280<\/p>\n
Major Resistance Level \u2013 $1,350<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum gained pace for a move above the $1,300 resistance against the US Dollar. ETH is consolidating gains and might eye a fresh increase in the near term. Ethereum was able to clear the $1,280 and $1,300 resistance levels. The price is now trading above $1,280 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but the bulls might be active near $1,280 and $1,270. Ethereum Price Breaks Hurdle Ethereum price remained well bid above the $1,240 support zone. ETH formed a base above the $1,250 level and the 100 hourly simple moving average. There was a strong increase above the $1,280 resistance after the US CPI release, similar to bitcoin. Besides, there was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH\/USD. The pair even cleared the $1,300 resistance zone. Ether price traded as high as $1,349 before the bears appeared. Recently, there was a downside correction below the $1,320 level. The price declined below the 23.6% Fib retracement level of the recent wave from the $1,240 swing low to $1,349 high. However, the bulls were active near the $1,300 support zone. It also stayed well above the 50% Fib retracement level of the recent wave from the $1,240 swing low to $1,349 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,325 level. The first major resistance is near the $1,345 and $1,350 levels. A close above the $1,350 resistance might start a fresh increase. The next major resistance could be $1,400. Any more gains might send the price towards the $1,500 resistance zone. Dips Limited in ETH? If ethereum fails to climb above the $1,350 resistance, it could start another downside correction. An initial support on the downside is near the $1,295 level. The next major support is near the $1,280 level and the 100 hourly simple moving average, below which the price could even retest the $1,260 support. Any more losses could lead the price towards the $1,245 support. 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 well above the 50 level. Major Support Level \u2013 $1,280 Major Resistance Level \u2013 $1,350<\/p>\n","protected":false},"author":67,"featured_media":463650,"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-512369","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 Aim Big After Recent Breakout Above $1,300<\/title>\n<meta name=\"description\" content=\"Ethereum gained pace for a move above the $1,300 resistance 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 Aim Big After Recent Breakout Above $1,300","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-aim-big-1400\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-aim-big-1400\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Depositphotos_201447528_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Depositphotos_201447528_s-2019.jpg?fit=1000%2C667"},"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":"2022-12-14T04:40:33Z","datePublished":"2022-12-14T04:40:33Z","dateModified":"2024-06-11T14:31:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Aim Big After Recent Breakout Above $1,300\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-aim-big-1400\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-aim-big-1400\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Depositphotos_201447528_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Depositphotos_201447528_s-2019.jpg?fit=1000%2C667\"},\"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\":\"2022-12-14T04:40:33Z\",\"datePublished\":\"2022-12-14T04:40:33Z\",\"dateModified\":\"2024-06-11T14:31:55Z\"}<\/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\/Depositphotos_201447528_s-2019.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/512369","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=512369"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/512369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/463650"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=512369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=512369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=512369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}