{"id":526688,"date":"2023-04-13T04:36:04","date_gmt":"2023-04-13T04:36:04","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526688"},"modified":"2024-06-11T14:35:20","modified_gmt":"2024-06-11T14:35:20","slug":"ethereum-price-upside-break-2200","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-upside-break-2200\/","title":{"rendered":"Ethereum Price Eyes Key Upside Break, $2,200 On The Horizon"},"content":{"rendered":"<p><em>Ethereum price found support near $1,855 and climbed higher against the US Dollar. ETH bulls seem to be aiming for a clear move above the $1,925 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum remained stable near the $1,855 and $1,850 levels.<\/li>\n<li>The price is trading above $1,880 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a major bullish trend line forming with support near $1,880 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise further if there is a clear move above the $1,925 resistance.<\/li>\n<\/ul>\n<h2>Ethereum Price Regains Strength<\/h2>\n<p>Ethereum\u2019s price started a downside correction below the $1,880 support. ETH found support near the $1,855 level and remained well-bid, similar to <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-holds-ground-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>A low was formed near $1,855 before the price climbed above $1,880. A high is now formed near $1,934 and the price is consolidating gains. It is trading above the 50% Fib retracement level of the upward move from the $1,855 swing low to the $1,934 high.<\/p>\n<p>Ether price is trading above $1,880 and the <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-trims-gains-1850\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. There is also a major bullish trend line forming with support near $1,880 on the hourly chart of ETH\/USD.<\/p>\n<p>Immediate resistance is near the $1,925 zone. The next major resistance is near the $1,940 zone. A close above the $1,940 resistance zone could start a strong increase. In the stated case, the bulls might aim for a move above the $2,000 resistance.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-526689\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=1834 1834w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/Ethereum-7.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>A close above the $2,000 level might send the price toward the $2,120 resistance. The next major resistance might be $2,200. Any more gains could set the pace for a test of the $2,350 resistance.<\/p>\n<h2>Dips Supported in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,940 resistance, it could start another downside correction. Initial support on the downside is near the $1,890 level or the 100-hourly Simple Moving Average.<\/p>\n<p>The next major support is near the $1,880 zone and the trend line, below which ether price might decline toward the $1,855 level. If there is a break below $1,855, the price might extend its decline toward $1,825.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,880<\/p>\n<p>Major Resistance Level \u2013 $1,940<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price found support near $1,855 and climbed higher against the US Dollar. ETH bulls seem to be aiming for a clear move above the $1,925 resistance. Ethereum remained stable near the $1,855 and $1,850 levels. The price is trading above $1,880 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $1,880 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further if there is a clear move above the $1,925 resistance. Ethereum Price Regains Strength Ethereum\u2019s price started a downside correction below the $1,880 support. ETH found support near the $1,855 level and remained well-bid, similar to Bitcoin. A low was formed near $1,855 before the price climbed above $1,880. A high is now formed near $1,934 and the price is consolidating gains. It is trading above the 50% Fib retracement level of the upward move from the $1,855 swing low to the $1,934 high. Ether price is trading above $1,880 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support near $1,880 on the hourly chart of ETH\/USD. Immediate resistance is near the $1,925 zone. The next major resistance is near the $1,940 zone. A close above the $1,940 resistance zone could start a strong increase. In the stated case, the bulls might aim for a move above the $2,000 resistance. A close above the $2,000 level might send the price toward the $2,120 resistance. The next major resistance might be $2,200. Any more gains could set the pace for a test of the $2,350 resistance. Dips Supported in ETH? If Ethereum fails to clear the $1,940 resistance, it could start another downside correction. Initial support on the downside is near the $1,890 level or the 100-hourly Simple Moving Average. The next major support is near the $1,880 zone and the trend line, below which ether price might decline toward the $1,855 level. If there is a break below $1,855, the price might extend its decline toward $1,825. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,880 Major Resistance Level \u2013 $1,940<\/p>\n","protected":false},"author":67,"featured_media":494002,"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-526688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Eyes Key Upside Break, $2,200 On The Horizon<\/title>\n<meta name=\"description\" content=\"Ethereum price found support near $1,855 and climbed higher against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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 Eyes Key Upside Break, $2,200 On The Horizon","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-upside-break-2200\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-upside-break-2200\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/shutterstock_135572795.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/shutterstock_135572795.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":"2023-04-13T04:36:04Z","datePublished":"2023-04-13T04:36:04Z","dateModified":"2024-06-11T14:35:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Eyes Key Upside Break, $2,200 On The Horizon\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-upside-break-2200\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-upside-break-2200\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/shutterstock_135572795.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/shutterstock_135572795.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\":\"2023-04-13T04:36:04Z\",\"datePublished\":\"2023-04-13T04:36:04Z\",\"dateModified\":\"2024-06-11T14:35:20Z\"}<\/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\/06\/shutterstock_135572795.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526688","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=526688"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/494002"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=526688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=526688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=526688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}