{"id":482437,"date":"2022-01-31T10:59:11","date_gmt":"2022-01-31T10:59:11","guid":{"rendered":"https:\/\/wncen.com\/?p=482437"},"modified":"2024-06-11T14:11:02","modified_gmt":"2024-06-11T14:11:02","slug":"ethereum-holds-strong-at-2-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-holds-strong-at-2-5k\/","title":{"rendered":"TA: Ethereum Holds Strong At $2.5K: Indicators Show Fresh Increase"},"content":{"rendered":"
Ethereum is holding the $2,500 support zone against the US Dollar. ETH price could rise towards the $2,750 level unless there is a move below $2,450.<\/em><\/p>\n Ethereum attempted an upside break above the $2,640 and $2,650 resistance levels. ETH struggled to clear the $2,650 zone and started a downside correction.<\/p>\n There was a break below the $2,500 support zone and the 100 hourly simple moving average<\/a>. Ether price even declined below the 23.6% Fib retracement level of the upward move from the $2,316 swing low to $2,639 high.<\/p>\n However, the bulls are now protecting the $2,500 support level. Besides, there is a key bullish trend line forming with support near $2,500 on the hourly chart of ETH\/USD. It is consolidating, but it is still trading below $2,550 and the 100 hourly simple moving average.<\/p>\n An immediate resistance<\/a> on the upside is near the $2,540 level and the 100 hourly simple moving average. The first major resistance is near the $2,560 level. A clear move above the $2,560 resistance might start a steady increase. In the stated case, the pair could even surpass the $2,600 level.<\/p>\n <\/a><\/p>\n The next key hurdle could be $2,650, above which the bulls are likely to aim a larger increase towards the $2,750 and $2,800 levels.<\/p>\n If ethereum fails to start a fresh increase above the $2,550 level, it could extend losses. An initial support on the downside is near the $2,500 level.<\/p>\n The first key support is now forming near the $2,450 level. It is near the 50% Fib retracement level of the upward move from the $2,316 swing low to $2,639 high. If there is a downside break below the $2,450 level, the price could accelerate lower.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now just below the 50 level.<\/p>\n Major Support Level \u2013 $2,450<\/p>\n Major Resistance Level \u2013 $2,550<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is holding the $2,500 support zone against the US Dollar. ETH price could rise towards the $2,750 level unless there is a move below $2,450. Ethereum managed to stay above the $2,480 and $2,500 support levels. The price is still trading below $2,550 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,500 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above $2,550 and $2,600. Ethereum Price Holds Support Ethereum attempted an upside break above the $2,640 and $2,650 resistance levels. ETH struggled to clear the $2,650 zone and started a downside correction. There was a break below the $2,500 support zone and the 100 hourly simple moving average. Ether price even declined below the 23.6% Fib retracement level of the upward move from the $2,316 swing low to $2,639 high. However, the bulls are now protecting the $2,500 support level. Besides, there is a key bullish trend line forming with support near $2,500 on the hourly chart of ETH\/USD. It is consolidating, but it is still trading below $2,550 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,540 level and the 100 hourly simple moving average. The first major resistance is near the $2,560 level. A clear move above the $2,560 resistance might start a steady increase. In the stated case, the pair could even surpass the $2,600 level. Source: ETHUSD on TradingView.com The next key hurdle could be $2,650, above which the bulls are likely to aim a larger increase towards the $2,750 and $2,800 levels. Fresh Decline in ETH? If ethereum fails to start a fresh increase above the $2,550 level, it could extend losses. An initial support on the downside is near the $2,500 level. The first key support is now forming near the $2,450 level. It is near the 50% Fib retracement level of the upward move from the $2,316 swing low to $2,639 high. If there is a downside break below the $2,450 level, the price could accelerate lower. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now just below the 50 level. Major Support Level \u2013 $2,450 Major Resistance Level \u2013 $2,550<\/p>\n","protected":false},"author":67,"featured_media":461426,"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-482437","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 Holds Support<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n