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{"id":453642,"date":"2021-01-04T05:08:56","date_gmt":"2021-01-04T05:08:56","guid":{"rendered":"https:\/\/wncen.com\/?p=453642"},"modified":"2024-06-11T14:12:27","modified_gmt":"2024-06-11T14:12:27","slug":"ethereum-skyrockets-to-1000-eth-1200-next","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-skyrockets-to-1000-eth-1200-next\/","title":{"rendered":"TA: Ethereum Skyrockets To $1,000, Why ETH Could Rally Further To $1,200"},"content":{"rendered":"

Ethereum surged over 25% and it even broke $1,000 against the US Dollar. ETH price is trading in a strong uptrend and the monthly chart suggests a test of $1,200 in the near term.<\/em><\/p>\n

\n
Ethereum is surging and it broke many hurdles near $800 and $900.<\/li>\n
The price is now trading above the $1,000 level and the 100-month simple moving average.<\/li>\n
There was a break above a couple of bullish continuation patterns near $500 on the monthly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to continue higher above the $1,050 and $1,120 resistance levels in the near term.<\/li>\n<\/ul>\n
Ethereum Price Surges 25%<\/h2>\n
In the past two days, there was a massive increase in Ethereum above the $700 resistance level. ETH price gained over 25% and it broke many important hurdles<\/a> near the $800 zone.<\/p>\n
To start with, there was a break above a couple of bullish continuation patterns near $500 on the monthly chart of ETH\/USD. It opened the doors for a steady increase above $600 and $700. There was also a decent close above the $750 level and the 100-month simple moving average.<\/p>\n
Ether price climbed nicely<\/a> above the 50% Fib retracement level of the main decline from the $1,595 all-time high to $82 swing low. The price is now trading nicely above the $950 and $1,000 levels.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
It is testing the 61.8% Fib retracement level of the main decline from the $1,595 all-time high to $82 swing low. It seems like the bulls are eyeing a clear break above the $1,050 and $1,080 levels. If they succeed, the next major stop for them could be near the $1,200 level or $1,238.<\/p>\n
The 76.4% Fib retracement level of the main decline from the $1,595 all-time high to $82 swing low is near $1,238 to act as a short-term hurdle. Any more upsides might call for a push towards the $1,595 all-time high (formed on Kraken).<\/p>\n
Dips Supported in ETH?<\/h2>\n
If ethereum fails starts a downside correction, an initial support on the downside might be near the $950 level. The first major support is near the $920 level.<\/p>\n
The main breakout zone was near $840, which is now likely to act as a strong support. Any more losses might call for a test of the $750 level.<\/p>\n
Technical Indicators<\/p>\n
Monthly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bullish zone.<\/p>\n
Monthly RSI – <\/strong>The RSI for ETH\/USD is now above the 60 level.<\/p>\n
Major Support Level \u2013 $840<\/p>\n
Major Resistance Level \u2013 $1,238<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum surged over 25% and it even broke $1,000 against the US Dollar. ETH price is trading in a strong uptrend and the monthly chart suggests a test of $1,200 in the near term. Ethereum is surging and it broke many hurdles near $800 and $900. The price is now trading above the $1,000 level and the 100-month simple moving average. There was a break above a couple of bullish continuation patterns near $500 on the monthly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher above the $1,050 and $1,120 resistance levels in the near term. Ethereum Price Surges 25% In the past two days, there was a massive increase in Ethereum above the $700 resistance level. ETH price gained over 25% and it broke many important hurdles near the $800 zone. To start with, there was a break above a couple of bullish continuation patterns near $500 on the monthly chart of ETH\/USD. It opened the doors for a steady increase above $600 and $700. There was also a decent close above the $750 level and the 100-month simple moving average. Ether price climbed nicely above the 50% Fib retracement level of the main decline from the $1,595 all-time high to $82 swing low. The price is now trading nicely above the $950 and $1,000 levels. Source: ETHUSD on TradingView.com It is testing the 61.8% Fib retracement level of the main decline from the $1,595 all-time high to $82 swing low. It seems like the bulls are eyeing a clear break above the $1,050 and $1,080 levels. If they succeed, the next major stop for them could be near the $1,200 level or $1,238. The 76.4% Fib retracement level of the main decline from the $1,595 all-time high to $82 swing low is near $1,238 to act as a short-term hurdle. Any more upsides might call for a push towards the $1,595 all-time high (formed on Kraken). Dips Supported in ETH? If ethereum fails starts a downside correction, an initial support on the downside might be near the $950 level. The first major support is near the $920 level. The main breakout zone was near $840, which is now likely to act as a strong support. Any more losses might call for a test of the $750 level. Technical Indicators Monthly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bullish zone. Monthly RSI – The RSI for ETH\/USD is now above the 60 level. Major Support Level \u2013 $840 Major Resistance Level \u2013 $1,238<\/p>\n","protected":false},"author":67,"featured_media":453644,"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":[1946,8686,78803],"class_list":["post-453642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Skyrockets To $1,000, Why ETH Could Rally Further To $1,200<\/title>\n<meta name=\"description\" content=\"Ethereum surged over 25% and it even broke $1,000. 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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:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TA: Ethereum Skyrockets To $1,000, Why ETH Could Rally Further To $1,200","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-skyrockets-to-1000-eth-1200-next\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-skyrockets-to-1000-eth-1200-next\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/shutterstock_1051250348.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/shutterstock_1051250348.jpg?fit=1000%2C667"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ethusd","ethusdt"],"dateCreated":"2021-01-04T05:08:56Z","datePublished":"2021-01-04T05:08:56Z","dateModified":"2024-06-11T14:12:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Ethereum Skyrockets To $1,000, Why ETH Could Rally Further To $1,200\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-skyrockets-to-1000-eth-1200-next\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-skyrockets-to-1000-eth-1200-next\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/shutterstock_1051250348.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/shutterstock_1051250348.jpg?fit=1000%2C667\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2021-01-04T05:08:56Z\",\"datePublished\":\"2021-01-04T05:08:56Z\",\"dateModified\":\"2024-06-11T14:12:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/shutterstock_1051250348.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/453642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=453642"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/453642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/453644"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=453642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=453642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=453642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}