{"id":482031,"date":"2022-01-26T06:28:43","date_gmt":"2022-01-26T06:28:43","guid":{"rendered":"https:\/\/wncen.com\/?p=482031"},"modified":"2024-06-11T14:10:54","modified_gmt":"2024-06-11T14:10:54","slug":"ethereum-aims-upside-break-2550","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-aims-upside-break-2550\/","title":{"rendered":"TA: Ethereum Aims Key Upside Break, What Could Stop Recovery"},"content":{"rendered":"
Ethereum is recovering losses above $2,400 against the US Dollar. ETH price is rising, but it must clear $2,550 for a steady increase.<\/em><\/p>\n Ethereum found support near $2,150 and started a decent recovery wave<\/a>. ETH was able to climb above the $2,250 and $2,350 resistance levels.<\/p>\n There was a clear move above the 23.6% Fib retracement level of the recent decline from the $2,547 swing high to $2,160 low. Besides, there was a move above a major bearish trend line with resistance near $2,500 on the hourly chart of ETH\/USD.<\/p>\n The pair is still trading below $2,500 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $2,500 level.<\/p>\n The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might start a steady increase. In the stated case, the pair could rise towards the $2,720 level. It is near the 50% Fib retracement level of the recent decline from the $2,547 swing high to $2,160 low.<\/p>\n <\/a><\/p>\n If there is an upside break above $2,720 resistance, zone, the price could gain bullish momentum. The next major resistance is near the $2,850 level. Any more gains might send ether price to $3,000.<\/p>\n If ethereum fails to start a recovery wave above the $2,500 level, it could start a fresh decline. An initial support on the downside is near the $2,420 level.<\/p>\n The first key support is now forming near the $2,320 level. A downside break below the $2,320 level might spark a sharp decline. The next major support for the bulls may perhaps be near the $2,200 zone. Any more losses could push the price towards the $2,150 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing pace 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 $2,320<\/p>\n Major Resistance Level \u2013 $2,550<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is recovering losses above $2,400 against the US Dollar. ETH price is rising, but it must clear $2,550 for a steady increase. Ethereum is slowly moving higher towards the $2,500 and $2,550 resistance levels. The price is trading below $2,500 and the 100 hourly simple moving average. There was a move above a major bearish trend line with resistance near $2,500 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise steadily if there is a clear move above the $2,550 resistance zone. Ethereum Price Faces Resistance Ethereum found support near $2,150 and started a decent recovery wave. ETH was able to climb above the $2,250 and $2,350 resistance levels. There was a clear move above the 23.6% Fib retracement level of the recent decline from the $2,547 swing high to $2,160 low. Besides, there was a move above a major bearish trend line with resistance near $2,500 on the hourly chart of ETH\/USD. The pair is still trading below $2,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,500 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might start a steady increase. In the stated case, the pair could rise towards the $2,720 level. It is near the 50% Fib retracement level of the recent decline from the $2,547 swing high to $2,160 low. Source: ETHUSD on TradingView.com If there is an upside break above $2,720 resistance, zone, the price could gain bullish momentum. The next major resistance is near the $2,850 level. Any more gains might send ether price to $3,000. Fresh Dip in ETH? If ethereum fails to start a recovery wave above the $2,500 level, it could start a fresh decline. An initial support on the downside is near the $2,420 level. The first key support is now forming near the $2,320 level. A downside break below the $2,320 level might spark a sharp decline. The next major support for the bulls may perhaps be near the $2,200 zone. Any more losses could push the price towards the $2,150 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $2,320 Major Resistance Level \u2013 $2,550<\/p>\n","protected":false},"author":67,"featured_media":459778,"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-482031","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 Faces Resistance<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Dip in ETH?<\/h2>\n