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{"id":565361,"date":"2023-12-14T05:31:09","date_gmt":"2023-12-14T05:31:09","guid":{"rendered":"https:\/\/wncen.com\/?p=565361"},"modified":"2024-06-11T14:43:15","modified_gmt":"2024-06-11T14:43:15","slug":"ethereum-price-gains-2285","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-gains-2285\/","title":{"rendered":"Ethereum Price At Make-Or-Break Moment, Decoding Key Hurdles To More Gains"},"content":{"rendered":"

Ethereum price is recovering losses above $2,220. ETH could gain bullish momentum if there is a clear move above the $2,285 resistance zone.<\/em><\/p>\n

\n
Ethereum started a fresh increase above the $2,180 and $2,200 levels.<\/li>\n
The price is trading above $2,220 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a major declining channel with resistance near $2,215 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a strong increase if there is a close above $2,285 and $2,300.<\/li>\n<\/ul>\n
Ethereum Price Regains Strength<\/h2>\n
Ethereum price remained supported above the $2,100 zone. ETH formed a base and was able to start a recovery wave above the $2,150 resistance zone, like Bitcoin<\/a>.<\/p>\n
There was a decent increase above the $2,180 resistance zone. Besides, there was a break above a major declining channel with resistance near $2,215 on the hourly chart of ETH\/USD. The pair cleared the 61.8% Fib retracement level of the downward move from the $2,378 swing high to the $1,980 low.<\/p>\n
Ethereum is now trading above $2,220 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price is facing resistance near the $2,285 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,378 swing high to the $1,980 low.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next key resistance is near the $2,350 level. The main resistance is now near $2,400. A clear move above the $2,400 zone could send the price toward the $2,500 level. The next resistance sits at $2,580. Any more gains could start a wave toward the $2,640 level.<\/p>\n
Another Decline in ETH?<\/h2>\n
If Ethereum fails to clear the $2,285 resistance, it could start a fresh decline. Initial support on the downside is near the $2,230 level or the 100-hourly Simple Moving Average.<\/p>\n
The next key support is $2,180. The main support is now near $2,120. A downside break below $2,120 might start another major decline. In the stated case, Ether could revisit the $2,000 support. Any more losses might call for a test of the $1,880 support zone in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is 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 $2,230<\/p>\n
Major Resistance Level \u2013 $2,285<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is recovering losses above $2,220. ETH could gain bullish momentum if there is a clear move above the $2,285 resistance zone. Ethereum started a fresh increase above the $2,180 and $2,200 levels. The price is trading above $2,220 and the 100-hourly Simple Moving Average. There was a break above a major declining channel with resistance near $2,215 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a strong increase if there is a close above $2,285 and $2,300. Ethereum Price Regains Strength Ethereum price remained supported above the $2,100 zone. ETH formed a base and was able to start a recovery wave above the $2,150 resistance zone, like Bitcoin. There was a decent increase above the $2,180 resistance zone. Besides, there was a break above a major declining channel with resistance near $2,215 on the hourly chart of ETH\/USD. The pair cleared the 61.8% Fib retracement level of the downward move from the $2,378 swing high to the $1,980 low. Ethereum is now trading above $2,220 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,285 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,378 swing high to the $1,980 low. Source: ETHUSD on TradingView.com The next key resistance is near the $2,350 level. The main resistance is now near $2,400. A clear move above the $2,400 zone could send the price toward the $2,500 level. The next resistance sits at $2,580. Any more gains could start a wave toward the $2,640 level. Another Decline in ETH? If Ethereum fails to clear the $2,285 resistance, it could start a fresh decline. Initial support on the downside is near the $2,230 level or the 100-hourly Simple Moving Average. The next key support is $2,180. The main support is now near $2,120. A downside break below $2,120 might start another major decline. In the stated case, Ether could revisit the $2,000 support. Any more losses might call for a test of the $1,880 support zone in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $2,230 Major Resistance Level \u2013 $2,285<\/p>\n","protected":false},"author":67,"featured_media":551696,"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":[65296,1946,8686,78803],"class_list":["post-565361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price At Make-Or-Break Moment, Decoding Key Hurdles To More Gains<\/title>\n<meta name=\"description\" content=\"Ethereum price is recovering losses above $2,220. 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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 At Make-Or-Break Moment, Decoding Key Hurdles To More Gains","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-gains-2285\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-gains-2285\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/iStock-947893644.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/iStock-947893644.jpg?fit=1254%2C837"},"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":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2023-12-14T05:31:09Z","datePublished":"2023-12-14T05:31:09Z","dateModified":"2024-06-11T14:43:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price At Make-Or-Break Moment, Decoding Key Hurdles To More Gains\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-gains-2285\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-gains-2285\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-947893644.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-947893644.jpg?fit=1254%2C837\"},\"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\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-12-14T05:31:09Z\",\"datePublished\":\"2023-12-14T05:31:09Z\",\"dateModified\":\"2024-06-11T14:43:15Z\"}<\/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\/2023\/09\/iStock-947893644.jpg?fit=1254%2C837","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/565361"}],"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=565361"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/565361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/551696"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=565361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=565361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=565361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}