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{"id":519693,"date":"2023-02-15T05:05:39","date_gmt":"2023-02-15T05:05:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=519693"},"modified":"2024-06-11T14:32:30","modified_gmt":"2024-06-11T14:32:30","slug":"ethereum-price-breaks-1500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-breaks-1500\/","title":{"rendered":"Ethereum Price Breaks Higher, Why The Bears Are Not Done Yet"},"content":{"rendered":"

Ethereum price is attempting an upside correction above $1,500 against the US Dollar. ETH could start another decline if there is no increase above $1,600.<\/em><\/p>\n

\n
Ethereum is slowly moving higher above the $1,500 resistance.<\/li>\n
The price is now trading above $1,510 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $1,515 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move up if it clears the $1,600 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Breaks Barrier<\/h2>\n
Ethereum price formed a decent support base above the $1,460 level<\/a>. ETH started a steady increase after the US CPI release, similar to bitcoin<\/a>. There was a clear move above the $1,500 resistance zone.<\/p>\n
Besides, there was a break above a major bearish trend line with resistance near $1,515 on the hourly chart of ETH\/USD. The pair even spiked above the $1,560 resistance zone. A high is formed near $1,569 and the price is now consolidating gains.<\/p>\n
Ether price is now trading above $1,510 and the 100 hourly simple moving average. It is also above the 23.6% Fib retracement level of the upward move from the $1,464 swing low to $1,569 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
On the upside, the price is facing resistance near the $1,570 level. The next major resistance is near the $1,600 zone. An upside break above the $1,600 resistance zone could start a steady uptrend. In the stated case, the price may perhaps rise towards the $1,640 resistance. The next major resistance is near the $1,700 level.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If ethereum fails to clear the $1,570 resistance or the $1,600 barrier, it could start another decline. An initial support on the downside is near the $1,530 level and the 100 hourly SMA.<\/p>\n
The next major support is near the $1,500 zone or the 61.8% Fib retracement level of the upward move from the $1,464 swing low to $1,569 high. If there is a break below $1,500, the price might continue to drop and move towards the $1,460 support. Any more losses might call for a test of the $1,400 level.<\/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 $1,500<\/p>\n
Major Resistance Level \u2013 $1,600<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is attempting an upside correction above $1,500 against the US Dollar. ETH could start another decline if there is no increase above $1,600. Ethereum is slowly moving higher above the $1,500 resistance. The price is now trading above $1,510 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,515 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up if it clears the $1,600 resistance zone. Ethereum Price Breaks Barrier Ethereum price formed a decent support base above the $1,460 level. ETH started a steady increase after the US CPI release, similar to bitcoin. There was a clear move above the $1,500 resistance zone. Besides, there was a break above a major bearish trend line with resistance near $1,515 on the hourly chart of ETH\/USD. The pair even spiked above the $1,560 resistance zone. A high is formed near $1,569 and the price is now consolidating gains. Ether price is now trading above $1,510 and the 100 hourly simple moving average. It is also above the 23.6% Fib retracement level of the upward move from the $1,464 swing low to $1,569 high. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,570 level. The next major resistance is near the $1,600 zone. An upside break above the $1,600 resistance zone could start a steady uptrend. In the stated case, the price may perhaps rise towards the $1,640 resistance. The next major resistance is near the $1,700 level. Fresh Decline in ETH? If ethereum fails to clear the $1,570 resistance or the $1,600 barrier, it could start another decline. An initial support on the downside is near the $1,530 level and the 100 hourly SMA. The next major support is near the $1,500 zone or the 61.8% Fib retracement level of the upward move from the $1,464 swing low to $1,569 high. If there is a break below $1,500, the price might continue to drop and move towards the $1,460 support. Any more losses might call for a test of the $1,400 level. 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 $1,500 Major Resistance Level \u2013 $1,600<\/p>\n","protected":false},"author":67,"featured_media":512847,"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-519693","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 Breaks Higher, Why The Bears Are Not Done Yet<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting an upside correction above $1,500 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 Breaks Higher, Why The Bears Are Not Done Yet","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-breaks-1500\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-breaks-1500\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/iStock-1333288705.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/iStock-1333288705.jpg?fit=1243%2C843"},"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":"2023-02-15T05:05:39Z","datePublished":"2023-02-15T05:05:39Z","dateModified":"2024-06-11T14:32:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Breaks Higher, Why The Bears Are Not Done Yet\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-breaks-1500\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-breaks-1500\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1333288705.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1333288705.jpg?fit=1243%2C843\"},\"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\":\"2023-02-15T05:05:39Z\",\"datePublished\":\"2023-02-15T05:05:39Z\",\"dateModified\":\"2024-06-11T14:32:30Z\"}<\/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\/2022\/12\/iStock-1333288705.jpg?fit=1243%2C843","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519693","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=519693"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/512847"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=519693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=519693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=519693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}