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{"id":643898,"date":"2024-09-23T03:28:43","date_gmt":"2024-09-23T03:28:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=643898"},"modified":"2024-09-23T03:07:41","modified_gmt":"2024-09-23T03:07:41","slug":"ethereum-price-breaks-2600","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-breaks-2600\/","title":{"rendered":"Ethereum Price Breaks $2,600: Is More Upside Ahead?"},"content":{"rendered":"

Ethereum price started a fresh upward move above the $2,500 resistance. ETH is now gaining pace above $2,600 and might continue to rise.<\/em><\/p>\n

\n
Ethereum started another increase from the $2,400 resistance.<\/li>\n
The price is trading above $2,550 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,650 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Climbs Over 5%<\/h2>\n
Ethereum price remained well-supported and extended its increase, beating Bitcoin<\/a>. ETH was able to clear the $2,450 and $2,500 resistance levels. The bulls even pushed the price above the $2,500 resistance.<\/p>\n
Recently, it was able to surpass the 76.4% Fib retracement level of the downward correction from the $2,633 swing high to the $2,528 low. The price is now showing positive signs and trading above the recent swing high of $2,633.<\/p>\n
Ethereum price is now trading above $2,635 and the 100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support at $2,550 on the hourly chart of ETH\/USD.<\/p>\n
On the upside, the price seems to be facing hurdles near the $2,650 level or the 1.236 Fib extension level of the downward correction from the $2,633 swing high to the $2,528 low. The first major resistance is near the $2,680 level. The next key resistance is near $2,720.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
An upside break above the $2,720 resistance might call for more gains. In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920.<\/p>\n
Are Dips Supported In ETH?<\/h2>\n
If Ethereum fails to clear the $2,650 resistance, it could start a downside correction. Initial support on the downside is near $2,590. The first major support sits near the $2,550 zone and the trend line zone.<\/p>\n
A clear move below the $2,550 support might push the price toward $2,525. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,320.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n
Major Support Level \u2013 $2,525<\/p>\n
Major Resistance Level \u2013 $2,650<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a fresh upward move above the $2,500 resistance. ETH is now gaining pace above $2,600 and might continue to rise. Ethereum started another increase from the $2,400 resistance. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear the $2,650 resistance to continue higher in the near term. Ethereum Price Climbs Over 5% Ethereum price remained well-supported and extended its increase, beating Bitcoin. ETH was able to clear the $2,450 and $2,500 resistance levels. The bulls even pushed the price above the $2,500 resistance. Recently, it was able to surpass the 76.4% Fib retracement level of the downward correction from the $2,633 swing high to the $2,528 low. The price is now showing positive signs and trading above the recent swing high of $2,633. Ethereum price is now trading above $2,635 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,550 on the hourly chart of ETH\/USD. On the upside, the price seems to be facing hurdles near the $2,650 level or the 1.236 Fib extension level of the downward correction from the $2,633 swing high to the $2,528 low. The first major resistance is near the $2,680 level. The next key resistance is near $2,720. An upside break above the $2,720 resistance might call for more gains. In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920. Are Dips Supported In ETH? If Ethereum fails to clear the $2,650 resistance, it could start a downside correction. Initial support on the downside is near $2,590. The first major support sits near the $2,550 zone and the trend line zone. A clear move below the $2,550 support might push the price toward $2,525. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $2,525 Major Resistance Level \u2013 $2,650<\/p>\n","protected":false},"author":67,"featured_media":643900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-643898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Breaks $2,600: Is More Upside Ahead?<\/title>\n<meta name=\"description\" content=\"Ethereum price started a fresh upward move above the $2,500 resistance. 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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 $2,600: Is More Upside Ahead?","url":"http:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-breaks-2600\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-breaks-2600\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-Strength.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-Strength.jpg?fit=1792%2C1024"},"articleSection":"ETH","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":"2024-09-23T03:28:43Z","datePublished":"2024-09-23T03:28:43Z","dateModified":"2024-09-23T03:28:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Breaks $2,600: Is More Upside Ahead?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/eth\\\/ethereum-price-breaks-2600\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/eth\\\/ethereum-price-breaks-2600\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-Strength.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-Strength.jpg?fit=1792%2C1024\"},\"articleSection\":\"ETH\",\"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\":\"2024-09-23T03:28:43Z\",\"datePublished\":\"2024-09-23T03:28:43Z\",\"dateModified\":\"2024-09-23T03:28:43Z\"}<\/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\/2024\/09\/Ethereum-Strength.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/643898"}],"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=643898"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/643898\/revisions"}],"predecessor-version":[{"id":643901,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/643898\/revisions\/643901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/643900"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=643898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=643898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=643898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}