{"id":496430,"date":"2022-07-22T04:28:17","date_gmt":"2022-07-22T04:28:17","guid":{"rendered":"https:\/\/wncen.com\/?p=496430"},"modified":"2024-06-11T14:21:48","modified_gmt":"2024-06-11T14:21:48","slug":"ethereum-eyes-fresh-surge-1700","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eyes-fresh-surge-1700\/","title":{"rendered":"TA: Ethereum Eyes Fresh Surge, Why ETH Could Surpass $1,700"},"content":{"rendered":"
Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance.<\/em><\/p>\n Ethereum started a downside correction<\/a> below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support.<\/p>\n It tested the $1,465 zone and the 100 hourly simple moving average. There is also a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD. The pair stayed above the key $1,465 support zone and started another increase.<\/p>\n Ether price climbed above the $1,550 resistance zone. There was a move above the 50% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n The price is now trading above $1,500 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,585 level. It is near the 76.4% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n <\/a><\/p>\n The first major resistance is near the $1,600 zone. The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start another major increase. The next key barrier is near the $1,700 level, above which the price might rise towards the $1,800 resistance zone.<\/p>\n If ethereum fails to rise above the $1,585 resistance, it could continue to move down. An initial support on the downside is near the $1,520 zone and the trend line.<\/p>\n A clear move below the trend line support might push the price towards the $1,465 support zone. Any more losses might even push ether price to the $1,375 support.<\/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 above the 50 level.<\/p>\n Major Support Level \u2013 $1,465<\/p>\n Major Resistance Level \u2013 $1,585<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance. Ethereum corrected lower but the bulls were active near the $1,465 zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh surge if there is a clear move above the $1,600 zone. Ethereum Price Remains Supported Ethereum started a downside correction below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support. It tested the $1,465 zone and the 100 hourly simple moving average. There is also a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD. The pair stayed above the key $1,465 support zone and started another increase. Ether price climbed above the $1,550 resistance zone. There was a move above the 50% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low. The price is now trading above $1,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,585 level. It is near the 76.4% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low. Source: ETHUSD on TradingView.com The first major resistance is near the $1,600 zone. The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start another major increase. The next key barrier is near the $1,700 level, above which the price might rise towards the $1,800 resistance zone. More Losses in ETH? If ethereum fails to rise above the $1,585 resistance, it could continue to move down. An initial support on the downside is near the $1,520 zone and the trend line. A clear move below the trend line support might push the price towards the $1,465 support zone. Any more losses might even push ether price to the $1,375 support. 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 above the 50 level. Major Support Level \u2013 $1,465 Major Resistance Level \u2013 $1,585<\/p>\n","protected":false},"author":67,"featured_media":462718,"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":[8323,1946,8686,78803],"class_list":["post-496430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","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
More Losses in ETH?<\/h2>\n