Ethereum Price Gearing For Lift-Off to $1,800: Rally Isn't Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Gearing For Lift-Off to $1,800: Rally Isn't Over Yet\" \/>\n<meta property=\"og:description\" content=\"Ethereum gained pace above the $1,500 resistance zone against the US Dollar. 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{"id":516323,"date":"2023-01-16T23:42:36","date_gmt":"2023-01-17T04:42:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=516323"},"modified":"2024-06-11T14:35:14","modified_gmt":"2024-06-11T14:35:14","slug":"ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet\/","title":{"rendered":"Ethereum Price Gearing For Lift-Off to $1,800: Rally Isn’t Over Yet"},"content":{"rendered":"

Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level.<\/em><\/p>\n

\n
Ethereum started a decent increase above the $1,500 and $1,520 resistance levels.<\/li>\n
The price is now trading above $1,520 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further unless there is a downside correction below the $1,520 support.<\/li>\n<\/ul>\n
Ethereum Price Remains In Uptrend<\/h2>\n
Ethereum price started a strong increase above the $1,450 resistance<\/a>. ETH was able to clear the $1,500 resistance zone to move further into a positive zone, similar to bitcoin above $20,500.<\/p>\n
The price even surpassed the $1,550 resistance zone and tested $1,600. A high is formed near $1,606 and the price is now consolidating gains. There was a minor decline below the 50% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.<\/p>\n
However, the bulls were active above the $1,540 support. It even remained stable above the 76.4% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.<\/p>\n
Ether price is now trading above $1,520 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,590 level. The next major resistance is near the $1,620 level. An upside break above the $1,620 resistance zone could start a fresh rally.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
In the stated case, the price may perhaps rise towards the $1,700 resistance. Any more gains might send the price towards $1,750 or even $1,800 in the near term.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If ethereum fails to clear the $1,620 resistance, it could start a downside correction. An initial support on the downside is near the $1,555 level and the trend line.<\/p>\n
The next major support is near the $1,520 level. If there is a move below $1,520, the price might test the $1,450 support. Any more losses might call for a test of the $1,350 zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining 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 $1,520<\/p>\n
Major Resistance Level \u2013 $1,620<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level. Ethereum started a decent increase above the $1,500 and $1,520 resistance levels. The price is now trading above $1,520 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further unless there is a downside correction below the $1,520 support. Ethereum Price Remains In Uptrend Ethereum price started a strong increase above the $1,450 resistance. ETH was able to clear the $1,500 resistance zone to move further into a positive zone, similar to bitcoin above $20,500. The price even surpassed the $1,550 resistance zone and tested $1,600. A high is formed near $1,606 and the price is now consolidating gains. There was a minor decline below the 50% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high. However, the bulls were active above the $1,540 support. It even remained stable above the 76.4% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high. Ether price is now trading above $1,520 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,590 level. The next major resistance is near the $1,620 level. An upside break above the $1,620 resistance zone could start a fresh rally. Source: ETHUSD on TradingView.com In the stated case, the price may perhaps rise towards the $1,700 resistance. Any more gains might send the price towards $1,750 or even $1,800 in the near term. Dips Supported in ETH? If ethereum fails to clear the $1,620 resistance, it could start a downside correction. An initial support on the downside is near the $1,555 level and the trend line. The next major support is near the $1,520 level. If there is a move below $1,520, the price might test the $1,450 support. Any more losses might call for a test of the $1,350 zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,520 Major Resistance Level \u2013 $1,620<\/p>\n","protected":false},"author":67,"featured_media":461917,"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-516323","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 Gearing For Lift-Off to $1,800: Rally Isn't Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum gained pace above the $1,500 resistance zone against the US Dollar. 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