{"id":446048,"date":"2020-10-11T06:28:28","date_gmt":"2020-10-11T06:28:28","guid":{"rendered":"https:\/\/wncen.com\/?p=446048"},"modified":"2024-06-11T13:38:41","modified_gmt":"2024-06-11T13:38:41","slug":"ethereum-eth-could-liftoff-400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eth-could-liftoff-400\/","title":{"rendered":"Ethereum Indicators Suggest ETH Could See \u201cLiftoff\u201d To $400 Above $380"},"content":{"rendered":"
Ethereum started a steady increase above the $355 resistance against the US Dollar. ETH price tested the $380 resistance and it is currently correcting gains.<\/em><\/p>\n After a brief struggle, Ethereum managed to clear a couple of major hurdles near $350 and $355<\/a> against the US Dollar. ETH price settled above the $355 resistance and the 100 simple moving average (4-hours) to move into a positive zone (similar to bitcoin above $11,000<\/a>).<\/p>\n More importantly, there was a break above a major bearish trend line with resistance near $354 on the 4-hours chart of ETH\/USD. Ether price rallied over $20 and it even broke the $370 resistance.<\/p>\n It faced a strong resistance near the $380 level (a multi-touch zone). A new monthly high is formed near $379 and the price is currently correcting gains. There was a break below the $375 and $370 level. The first key support is near the $368 level.<\/p>\n <\/a><\/p>\n The 23.6% Fib retracement level of the recent upward move from the $335 swing low to $379 high is also near the $368 level. If there is a downside break below the $368 support zone, ether price is likely to continue lower towards the $355 support.<\/p>\n On the upside, the $380 level is another breakout zone. A clear break above the $380 resistance is likely to clear the path for more gains towards the $395 and $400 resistance levels in the coming sessions.<\/p>\n If Ethereum fails to clear the $380 resistance zone, it might start a downside correction. An initial support for the bulls is near the $368 level.<\/p>\n The main support is now forming near the $355 level (the last breakout zone) and the 100 simple moving average (4-hours). The 50% Fib retracement level of the recent upward move from the $335 swing low to $379 high is also near the $356 level to provide support.<\/p>\n Technical Indicators<\/p>\n 4 hours MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n 4 hours RSI – The RSI for ETH\/USD is now well above the 60 level.<\/p>\n Major Support Level \u2013 $368<\/p>\n Major Resistance Level \u2013 $380<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a steady increase above the $355 resistance against the US Dollar. ETH price tested the $380 resistance and it is currently correcting gains. ETH price started a strong upward move after it clears the $355 resistance against the US Dollar. The price ran into the $380 resistance, but it settled nicely above the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $354 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair could correct higher, but downsides might be contained near $355 or the 100 SMA (H4). Ethereum Price Showing Bullish Signs After a brief struggle, Ethereum managed to clear a couple of major hurdles near $350 and $355 against the US Dollar. ETH price settled above the $355 resistance and the 100 simple moving average (4-hours) to move into a positive zone (similar to bitcoin above $11,000). More importantly, there was a break above a major bearish trend line with resistance near $354 on the 4-hours chart of ETH\/USD. Ether price rallied over $20 and it even broke the $370 resistance. It faced a strong resistance near the $380 level (a multi-touch zone). A new monthly high is formed near $379 and the price is currently correcting gains. There was a break below the $375 and $370 level. The first key support is near the $368 level. Ethereum price rallies above $370. Source: TradingView.com The 23.6% Fib retracement level of the recent upward move from the $335 swing low to $379 high is also near the $368 level. If there is a downside break below the $368 support zone, ether price is likely to continue lower towards the $355 support. On the upside, the $380 level is another breakout zone. A clear break above the $380 resistance is likely to clear the path for more gains towards the $395 and $400 resistance levels in the coming sessions. Dips Supported in Ether (ETH)? If Ethereum fails to clear the $380 resistance zone, it might start a downside correction. An initial support for the bulls is near the $368 level. The main support is now forming near the $355 level (the last breakout zone) and the 100 simple moving average (4-hours). The 50% Fib retracement level of the recent upward move from the $335 swing low to $379 high is also near the $356 level to provide support. Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. 4 hours RSI – The RSI for ETH\/USD is now well above the 60 level. Major Support Level \u2013 $368 Major Resistance Level \u2013 $380<\/p>\n","protected":false},"author":67,"featured_media":446050,"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-446048","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 Showing Bullish Signs<\/h2>\n
Ethereum price rallies above $370. Source: TradingView.com<\/a><\/pre>\n
Dips Supported in Ether (ETH)?<\/h2>\n