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{"id":644444,"date":"2024-09-25T03:28:26","date_gmt":"2024-09-25T03:28:26","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=644444"},"modified":"2024-09-25T03:05:49","modified_gmt":"2024-09-25T03:05:49","slug":"ethereum-price-comeback-2700","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/analysis\/eth\/ethereum-price-comeback-2700\/","title":{"rendered":"Ethereum Price Poised for a Comeback: Can It Break $2,700?"},"content":{"rendered":"

Ethereum price is holding gains above the $2,650 resistance. ETH is now consolidating gains and might aim for more gains above $2,700.<\/em><\/p>\n

\n
Ethereum is aiming for more upsides above the $2,700 resistance.<\/li>\n
The price is trading above $2,620 and the 100-hourly Simple Moving Average.<\/li>\n
There is a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $2,600 support to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Eyes More Upsides<\/h2>\n
Ethereum price extended its increase and climbed toward the $2,700 level before the bears appeared. ETH started a downside correction from the $2,701 high like Bitcoin<\/a>.<\/p>\n
There was a drop below the $2,640 level. The price spiked below the 50% Fib retracement level of the upward wave from the $2,528 swing low to the $2,700 high. However, the bulls were active near the $2,600 support zone.<\/p>\n
The price tested the 61.8% Fib retracement level of the upward wave from the $2,528 swing low to the $2,700 high and is currently rising. Ethereum price is now trading above $2,620 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n
There is also a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH\/USD. On the upside, the price seems to be facing hurdles near the $2,660 level. The first major resistance is near the $2,700 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 $2,850 level or $2,880.<\/p>\n
Another Decline In ETH?<\/h2>\n
If Ethereum fails to clear the $2,680 resistance, it could start another decline. Initial support on the downside is near the $2,620 level and the triangle\u2019s trend line. The first major support sits near the $2,600 zone.<\/p>\n
A clear move below the $2,600 support might push the price toward $2,550. Any more losses might send the price toward the $2,525 support level in the near term. The next key support sits at $2,450.<\/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 $2,600<\/p>\n
Major Resistance Level \u2013 $2,680<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is holding gains above the $2,650 resistance. ETH is now consolidating gains and might aim for more gains above $2,700. Ethereum is aiming for more upsides above the $2,700 resistance. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above the $2,600 support to continue higher in the near term. Ethereum Price Eyes More Upsides Ethereum price extended its increase and climbed toward the $2,700 level before the bears appeared. ETH started a downside correction from the $2,701 high like Bitcoin. There was a drop below the $2,640 level. The price spiked below the 50% Fib retracement level of the upward wave from the $2,528 swing low to the $2,700 high. However, the bulls were active near the $2,600 support zone. The price tested the 61.8% Fib retracement level of the upward wave from the $2,528 swing low to the $2,700 high and is currently rising. Ethereum price is now trading above $2,620 and the 100-hourly Simple Moving Average. There is also a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH\/USD. On the upside, the price seems to be facing hurdles near the $2,660 level. The first major resistance is near the $2,700 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 $2,850 level or $2,880. Another Decline In ETH? If Ethereum fails to clear the $2,680 resistance, it could start another decline. Initial support on the downside is near the $2,620 level and the triangle\u2019s trend line. The first major support sits near the $2,600 zone. A clear move below the $2,600 support might push the price toward $2,550. Any more losses might send the price toward the $2,525 support level in the near term. The next key support sits at $2,450. 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 $2,600 Major Resistance Level \u2013 $2,680<\/p>\n","protected":false},"author":67,"featured_media":644446,"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-644444","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 Poised for a Comeback: Can It Break $2,700?<\/title>\n<meta name=\"description\" content=\"Ethereum price is holding gains above the $2,650 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:\/\/www.uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Poised for a Comeback: Can It Break $2,700?","url":"http:\/\/www.uniquehot.com\/analysis\/eth\/ethereum-price-comeback-2700\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/analysis\/eth\/ethereum-price-comeback-2700\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-2700.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-2700.jpg?fit=1792%2C1024"},"articleSection":"ETH","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2024-09-25T03:28:26Z","datePublished":"2024-09-25T03:28:26Z","dateModified":"2024-09-25T03:28:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Poised for a Comeback: Can It Break $2,700?\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/analysis\\\/eth\\\/ethereum-price-comeback-2700\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/analysis\\\/eth\\\/ethereum-price-comeback-2700\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-2700.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-2700.jpg?fit=1792%2C1024\"},\"articleSection\":\"ETH\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-09-25T03:28:26Z\",\"datePublished\":\"2024-09-25T03:28:26Z\",\"dateModified\":\"2024-09-25T03:28:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-2700.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/644444"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=644444"}],"version-history":[{"count":1,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/644444\/revisions"}],"predecessor-version":[{"id":644447,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/644444\/revisions\/644447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/644446"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=644444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=644444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=644444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}