{"id":494919,"date":"2022-07-05T05:08:43","date_gmt":"2022-07-05T05:08:43","guid":{"rendered":"https:\/\/wncen.com\/?p=494919"},"modified":"2024-06-11T14:21:19","modified_gmt":"2024-06-11T14:21:19","slug":"ethereum-regains-strength-1150","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-regains-strength-1150\/","title":{"rendered":"TA: Ethereum Regains Strength, Showing Early Signs of Fresh Rally"},"content":{"rendered":"
Ethereum started a fresh increase after it remained stable near $1,000 against the US Dollar. ETH could rise further above the $1,150 resistance zone.<\/em><\/p>\n Ethereum remained stable above the $1,000 support<\/a> and there was no downside break. As a result, a base was formed and the price started a decent increase.<\/p>\n The price was able to clear a couple of key hurdles near the $1,070 zone. There was a break above a key contracting triangle with resistance near $1,075 on the hourly chart of ETH\/USD. The price even tested the 61.8% Fib retracement level of the key drop from the $1,235 swing high to $997 low.<\/p>\n Ether price traded as high as $1,158 and trading well above the 100 hourly simple moving average<\/a>. It is also well above the 23.6% Fib retracement level of the recent increase from the $1,025 swing low to $1,158 high.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $1,150 level. The next major resistance is near the $1,180 zone, above which the price may perhaps clear the $1,200 resistance. In the stated case, the price could rise towards the $1,250 resistance. Any more gains might send the price towards the $1,300 zone.<\/p>\n If ethereum fails to rise above the $1,150 resistance, it could start a downside correction. An initial support on the downside is near the $1,125 zone.<\/p>\n The next major support is near the $1,090 zone and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent increase from the $1,025 swing low to $1,158 high. A downside break below the $1,090 support may perhaps put pressure on the bulls in the near term. The next major support sits near $1,060.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 50 level.<\/p>\n Major Support Level \u2013 $1,125<\/p>\n Major Resistance Level \u2013 $1,090<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a fresh increase after it remained stable near $1,000 against the US Dollar. ETH could rise further above the $1,150 resistance zone. Ethereum gained strength for a move above the $1,080 and $1,100 levels. The price is now trading above $1,100 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,075 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if there is a move above the $1,150 resistance zone. Ethereum Price Gains Pace Ethereum remained stable above the $1,000 support and there was no downside break. As a result, a base was formed and the price started a decent increase. The price was able to clear a couple of key hurdles near the $1,070 zone. There was a break above a key contracting triangle with resistance near $1,075 on the hourly chart of ETH\/USD. The price even tested the 61.8% Fib retracement level of the key drop from the $1,235 swing high to $997 low. Ether price traded as high as $1,158 and trading well above the 100 hourly simple moving average. It is also well above the 23.6% Fib retracement level of the recent increase from the $1,025 swing low to $1,158 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,150 level. The next major resistance is near the $1,180 zone, above which the price may perhaps clear the $1,200 resistance. In the stated case, the price could rise towards the $1,250 resistance. Any more gains might send the price towards the $1,300 zone. Fresh Decline in ETH? If ethereum fails to rise above the $1,150 resistance, it could start a downside correction. An initial support on the downside is near the $1,125 zone. The next major support is near the $1,090 zone and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent increase from the $1,025 swing low to $1,158 high. A downside break below the $1,090 support may perhaps put pressure on the bulls in the near term. The next major support sits near $1,060. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 50 level. Major Support Level \u2013 $1,125 Major Resistance Level \u2013 $1,090<\/p>\n","protected":false},"author":67,"featured_media":462852,"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-494919","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 Gains Pace<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n