{"id":481082,"date":"2022-01-14T05:28:14","date_gmt":"2022-01-14T05:28:14","guid":{"rendered":"https:\/\/wncen.com\/?p=481082"},"modified":"2024-06-11T10:18:30","modified_gmt":"2024-06-11T10:18:30","slug":"ethereum-gearing-lift-off-to-3500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-gearing-lift-off-to-3500\/","title":{"rendered":"TA: Ethereum Gearing For Another Lift-Off to $3,500: Recovery Isn’t Over Yet"},"content":{"rendered":"
Ethereum started a downside correction from $3,400 against the US Dollar. ETH price is holding the $3,250 support and eyes a fresh increase above the $3,320 resistance.<\/em><\/p>\n Ethereum started a strong increase above the $3,320 resistance zone<\/a>. ETH even broke the $3,400 resistance zone and the 100 hourly simple moving average, but there was no momentum.<\/p>\n A high was formed near $3,412 and the price is now correcting gains. Ether price declined below the $3,320 support. There was a break below the 23.6% Fib retracement level of the key increase from the $2,931 swing low to $3,412 high.<\/p>\n Besides, there was a break below a major bullish trend line with support near $3,300 on the hourly chart of ETH\/USD. It is now trading above $3,250 and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n On the upside, an immediate resistance is near the $3,300 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 level might start another increase in the near term. The next major resistance is near the $3,400 level, above which ether price could test $3,480. Any more gains could send the price towards the $3,550 level in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $3,320 level, it could continue to move down. An initial support on the downside is near the $3,250 level. The first key support is now forming near the $3,175 level.<\/p>\n It is near the 50% Fib retracement level of the key increase from the $2,931 swing low to $3,412 high. A downside break below the $3,175 level might push the price towards the $3,115 zone. Any more losses could lead the price towards $3,000.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\n Major Support Level \u2013 $3,250<\/p>\n Major Resistance Level \u2013 $3,320<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a downside correction from $3,400 against the US Dollar. ETH price is holding the $3,250 support and eyes a fresh increase above the $3,320 resistance. Ethereum started a downside correction from the $3,400 resistance zone. The price is trading above $3,250 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $3,300 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,250 support zone. Ethereum Price Corrects Lower Ethereum started a strong increase above the $3,320 resistance zone. ETH even broke the $3,400 resistance zone and the 100 hourly simple moving average, but there was no momentum. A high was formed near $3,412 and the price is now correcting gains. Ether price declined below the $3,320 support. There was a break below the 23.6% Fib retracement level of the key increase from the $2,931 swing low to $3,412 high. Besides, there was a break below a major bullish trend line with support near $3,300 on the hourly chart of ETH\/USD. It is now trading above $3,250 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com On the upside, an immediate resistance is near the $3,300 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 level might start another increase in the near term. The next major resistance is near the $3,400 level, above which ether price could test $3,480. Any more gains could send the price towards the $3,550 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $3,320 level, it could continue to move down. An initial support on the downside is near the $3,250 level. The first key support is now forming near the $3,175 level. It is near the 50% Fib retracement level of the key increase from the $2,931 swing low to $3,412 high. A downside break below the $3,175 level might push the price towards the $3,115 zone. Any more losses could lead the price towards $3,000. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is above the 50 level. Major Support Level \u2013 $3,250 Major Resistance Level \u2013 $3,320<\/p>\n","protected":false},"author":67,"featured_media":464831,"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-481082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Corrects Lower<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n