{"id":518403,"date":"2023-02-02T05:21:09","date_gmt":"2023-02-02T05:21:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=518403"},"modified":"2024-06-11T14:32:09","modified_gmt":"2024-06-11T14:32:09","slug":"ethereum-price-hits-1700","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-hits-1700\/","title":{"rendered":"Ethereum Price Hits $1,700 and ETH Is Poised For More Upsides"},"content":{"rendered":"
Ethereum is up over 5% and trading above $1,650 against the US Dollar. ETH could rise further if it clears the $1,700 resistance zone.<\/em><\/p>\n
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Ethereum gained pace and rallied above the $1,660 resistance zone.<\/li>\n
The price is now trading above $1,650 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $1,580 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could more upsides if it clears the $1,700 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Gains Bullish Momentum<\/h2>\n
Ethereum price found a strong support near the $1,550 zone. A base was formed and ETH price started a fresh increase above the $1,600 resistance zone, similar to bitcoin<\/a>.<\/p>\n