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{"id":550342,"date":"2023-09-07T04:08:27","date_gmt":"2023-09-07T04:08:27","guid":{"rendered":"https:\/\/wncen.com\/?p=550342"},"modified":"2024-06-11T10:47:22","modified_gmt":"2024-06-11T10:47:22","slug":"ethereum-price-could-see-lift-off-1650","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-could-see-lift-off-1650\/","title":{"rendered":"Ethereum Price Could See Lift-off Unless This Support Gives Way"},"content":{"rendered":"

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH must stay above $1,600 to start a fresh increase in the near term.<\/em><\/p>\n

\n
Ethereum is slowly moving higher from the $1,620 support zone.<\/li>\n
The price is trading above $1,632 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a steady increase if there is a close above the $1,650 resistance.<\/li>\n<\/ul>\n
Ethereum Price Eyes Fresh Increase<\/h2>\n
Ethereum\u2019s price saw a couple of swing moves below the $1,650 resistance zone. ETH even spiked toward $1,665 but the bears remained active. There was a fresh decline, and the price retested the $1,600 support zone.<\/p>\n
It is again moving higher above $1,620, like Bitcoin<\/a>. Ether is now trading above $1,632 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH\/USD.<\/p>\n
On the upside, the price might face resistance near the $1,645 level. It is close to the 50% Fib retracement level of the recent drop from the $1,668 swing high to the $1,624 low.<\/p>\n
The next resistance is near the $1,650 level<\/a> or the 61.8% Fib retracement level of the recent drop from the $1,668 swing high to the $1,624 low, above which the price could rise toward the $1,665 level. The next major hurdle is near the $1,700 level.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
A close above the $1,700 level might push Ethereum further higher. The next resistance might be near $1,750. Any more gains might send the price toward the $1,800 resistance.<\/p>\n
Another Decline in ETH?<\/h2>\n
If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,630 level and the 100-hourly Simple Moving Average.<\/p>\n
The first key support is close to $1,620 and the trend line. The next key support is $1,600. A downside break below $1,600 might put bears in control. The next major support is near the $1,580 level. If there is a downside break below $1,580, the price could revisit the key $1,540 support level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining 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 $1,600<\/p>\n
Major Resistance Level \u2013 $1,650<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH must stay above $1,600 to start a fresh increase in the near term. Ethereum is slowly moving higher from the $1,620 support zone. The price is trading above $1,632 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a steady increase if there is a close above the $1,650 resistance. Ethereum Price Eyes Fresh Increase Ethereum\u2019s price saw a couple of swing moves below the $1,650 resistance zone. ETH even spiked toward $1,665 but the bears remained active. There was a fresh decline, and the price retested the $1,600 support zone. It is again moving higher above $1,620, like Bitcoin. Ether is now trading above $1,632 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH\/USD. On the upside, the price might face resistance near the $1,645 level. It is close to the 50% Fib retracement level of the recent drop from the $1,668 swing high to the $1,624 low. The next resistance is near the $1,650 level or the 61.8% Fib retracement level of the recent drop from the $1,668 swing high to the $1,624 low, above which the price could rise toward the $1,665 level. The next major hurdle is near the $1,700 level. Source: ETHUSD on TradingView.com A close above the $1,700 level might push Ethereum further higher. The next resistance might be near $1,750. Any more gains might send the price toward the $1,800 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,630 level and the 100-hourly Simple Moving Average. The first key support is close to $1,620 and the trend line. The next key support is $1,600. A downside break below $1,600 might put bears in control. The next major support is near the $1,580 level. If there is a downside break below $1,580, the price could revisit the key $1,540 support level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,600 Major Resistance Level \u2013 $1,650<\/p>\n","protected":false},"author":67,"featured_media":507527,"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-550342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Could See Lift-off Unless This Support Gives Way<\/title>\n<meta name=\"description\" content=\"Ethereum price is eyeing an upside break above $1,650 against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Could See Lift-off Unless This Support Gives Way","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-could-see-lift-off-1650\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-could-see-lift-off-1650\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?fit=1000%2C667"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2023-09-07T04:08:27Z","datePublished":"2023-09-07T04:08:27Z","dateModified":"2024-06-11T10:47:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Could See Lift-off Unless This Support Gives Way\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-could-see-lift-off-1650\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-could-see-lift-off-1650\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989-1.jpg?fit=1000%2C667\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-09-07T04:08:27Z\",\"datePublished\":\"2023-09-07T04:08:27Z\",\"dateModified\":\"2024-06-11T10:47:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550342"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=550342"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/507527"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}