{"id":482675,"date":"2022-02-02T05:08:04","date_gmt":"2022-02-02T05:08:04","guid":{"rendered":"https:\/\/wncen.com\/?p=482675"},"modified":"2024-06-11T14:11:08","modified_gmt":"2024-06-11T14:11:08","slug":"ethereum-resistance-surge-2800","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-resistance-surge-2800\/","title":{"rendered":"TA: Ethereum Breaking This Confluence Resistance Could Spark a Fresh Surge"},"content":{"rendered":"
Ethereum gained pace above the $2,700 resistance against the US Dollar. ETH price could extend gains if there is a clear move above the $2,800 resistance.<\/em><\/p>\n Ethereum remained formed a base above the $2,650 level and extended increase. ETH was able to clear the $2,750 resistance zone and settled well above the 100 hourly simple moving average<\/a>.<\/p>\n The price even spiked above the $2,800 level and formed a high near the $2,814 level. It is now consolidating gains below the $2,800 level. It tested the $2,750 level and the 23.6% Fib retracement level of the recent increase from the $2,479 swing low to $2,814 high.<\/p>\n There is also a key bullish trend line forming with support near $2,640 on the hourly chart of ETH\/USD. Overall, ether price is trading in a positive zone<\/a> above $2,700 and the 100 hourly simple moving average.<\/p>\n An immediate resistance on the upside is near the $2,785 level. The first major resistance is near the $2,800 level. A proper close above the $2,800 resistance might push the price further higher. In the stated case, the pair could climb above the $2,850 zone.<\/p>\n <\/a><\/p>\n The next key barrier for the bulls may perhaps be $2,920. Any more gains might send the price towards the $3,000 resistance zone in the coming sessions.<\/p>\n If ethereum fails to continue higher above the $2,800 resistance, it could start a downside correction. An initial support on the downside is near the $2,735 level.<\/p>\n The first key support is now forming near the $2,645 level. It is near the 50% Fib retracement level of the recent increase from the $2,479 swing low to $2,814 high. If there is a downside break below the $2,645 level, the price move down towards the $2,550 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 still above the 50 level.<\/p>\n Major Support Level \u2013 $2,645<\/p>\n Major Resistance Level \u2013 $2,800<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained pace above the $2,700 resistance against the US Dollar. ETH price could extend gains if there is a clear move above the $2,800 resistance. Ethereum gained pace above the $2,650 and $2,750 resistance levels. The price is now trading above $2,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,640 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,800 resistance zone. Ethereum Price Remains Supported Ethereum remained formed a base above the $2,650 level and extended increase. ETH was able to clear the $2,750 resistance zone and settled well above the 100 hourly simple moving average. The price even spiked above the $2,800 level and formed a high near the $2,814 level. It is now consolidating gains below the $2,800 level. It tested the $2,750 level and the 23.6% Fib retracement level of the recent increase from the $2,479 swing low to $2,814 high. There is also a key bullish trend line forming with support near $2,640 on the hourly chart of ETH\/USD. Overall, ether price is trading in a positive zone above $2,700 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,785 level. The first major resistance is near the $2,800 level. A proper close above the $2,800 resistance might push the price further higher. In the stated case, the pair could climb above the $2,850 zone. Source: ETHUSD on TradingView.com The next key barrier for the bulls may perhaps be $2,920. Any more gains might send the price towards the $3,000 resistance zone in the coming sessions. Dips Limited in ETH? If ethereum fails to continue higher above the $2,800 resistance, it could start a downside correction. An initial support on the downside is near the $2,735 level. The first key support is now forming near the $2,645 level. It is near the 50% Fib retracement level of the recent increase from the $2,479 swing low to $2,814 high. If there is a downside break below the $2,645 level, the price move down towards the $2,550 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 still above the 50 level. Major Support Level \u2013 $2,645 Major Resistance Level \u2013 $2,800<\/p>\n","protected":false},"author":67,"featured_media":460134,"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-482675","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 Remains Supported<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n