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{"id":566475,"date":"2023-12-22T04:19:07","date_gmt":"2023-12-22T04:19:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=566475"},"modified":"2024-06-11T13:22:00","modified_gmt":"2024-06-11T13:22:00","slug":"ethereum-price-reaches-key-juncture-2265","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-reaches-key-juncture-2265\/","title":{"rendered":"Ethereum Price Reaches Key Juncture \u2013 Can Bulls Pump ETH To $2,500?"},"content":{"rendered":"

Ethereum price is still struggling to clear the $2,265 resistance while Bitcoin extended gains. ETH could rally if there is a close above $2,265 and then $2,320.<\/em><\/p>\n

\n
Ethereum is still struggling to gain pace for a move above the $2,265 resistance zone.<\/li>\n
The price is trading above $2,220 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support near $2,180 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a strong increase if there is a close above $2,265 and $2,320.<\/li>\n<\/ul>\n
Ethereum Price Aims Higher<\/h2>\n
Ethereum price managed to stay above the $2,200 support zone<\/a>. The bulls protected a major downside break and pushed the price above the $2,220 level.<\/p>\n
There was a push above the $2,250 level, but the bears are still active near the $2,265 resistance zone. A high was formed near $2,264 and the price is now consolidating gains near the 23.6% Fib retracement level of the recent increase from the $2,155 swing low to the $2,264 high.<\/p>\n
Ethereum is now trading above $2,220 and the 100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support near $2,180 on the hourly chart of ETH\/USD.<\/p>\n
On the upside, the price is facing resistance near the $2,265 level. A close above the $2,265 barrier could start a decent increase. The next key resistance is near the $2,320 level. A clear move above the $2,320 zone could send the price toward the $2,400 level.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next resistance sits at $2,420. Any more gains could start a wave toward the $2,500 level, above which Ethereum might rally and test the $2,550 zone.<\/p>\n
Another Rejection in ETH?<\/h2>\n
If Ethereum fails to clear the $2,265 resistance, it could start another decline. Initial support on the downside is near the $2,220 level and the 100 hourly SMA.<\/p>\n
The first key support could be the $2,180 zone and the trend line. A downside break and a close below $2,180 might send the price further lower. In the stated case, Ether could revisit the $2,120 support. Any more losses might send the price toward the $2,000 level in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is 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 $2,180<\/p>\n
Major Resistance Level \u2013 $2,265<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is still struggling to clear the $2,265 resistance while Bitcoin extended gains. ETH could rally if there is a close above $2,265 and then $2,320. Ethereum is still struggling to gain pace for a move above the $2,265 resistance zone. The price is trading above $2,220 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,180 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a strong increase if there is a close above $2,265 and $2,320. Ethereum Price Aims Higher Ethereum price managed to stay above the $2,200 support zone. The bulls protected a major downside break and pushed the price above the $2,220 level. There was a push above the $2,250 level, but the bears are still active near the $2,265 resistance zone. A high was formed near $2,264 and the price is now consolidating gains near the 23.6% Fib retracement level of the recent increase from the $2,155 swing low to the $2,264 high. Ethereum is now trading above $2,220 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,180 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $2,265 level. A close above the $2,265 barrier could start a decent increase. The next key resistance is near the $2,320 level. A clear move above the $2,320 zone could send the price toward the $2,400 level. Source: ETHUSD on TradingView.com The next resistance sits at $2,420. Any more gains could start a wave toward the $2,500 level, above which Ethereum might rally and test the $2,550 zone. Another Rejection in ETH? If Ethereum fails to clear the $2,265 resistance, it could start another decline. Initial support on the downside is near the $2,220 level and the 100 hourly SMA. The first key support could be the $2,180 zone and the trend line. A downside break and a close below $2,180 might send the price further lower. In the stated case, Ether could revisit the $2,120 support. Any more losses might send the price toward the $2,000 level in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $2,180 Major Resistance Level \u2013 $2,265<\/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":[65296,1946,8686,78803],"class_list":["post-566475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Reaches Key Juncture \u2013 Can Bulls Pump ETH To $2,500?<\/title>\n<meta name=\"description\" content=\"Ethereum price is still struggling to clear the $2,265 resistance while Bitcoin extended gains. 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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 Reaches Key Juncture \u2013 Can Bulls Pump ETH To $2,500?","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-reaches-key-juncture-2265\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-reaches-key-juncture-2265\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_527385238.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_527385238.jpg?fit=1000%2C787"},"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":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2023-12-22T04:19:07Z","datePublished":"2023-12-22T04:19:07Z","dateModified":"2024-06-11T13:22:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Reaches Key Juncture \\u2013 Can Bulls Pump ETH To $2,500?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-reaches-key-juncture-2265\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-reaches-key-juncture-2265\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_527385238.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_527385238.jpg?fit=1000%2C787\"},\"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\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-12-22T04:19:07Z\",\"datePublished\":\"2023-12-22T04:19:07Z\",\"dateModified\":\"2024-06-11T13:22:00Z\"}<\/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\/04\/shutterstock_527385238.jpg?fit=1000%2C787","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/566475"}],"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=566475"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/566475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/461917"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=566475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=566475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=566475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}