{"id":450353,"date":"2020-11-20T05:28:21","date_gmt":"2020-11-20T05:28:21","guid":{"rendered":"https:\/\/wncen.com\/?p=450353"},"modified":"2024-06-11T10:08:10","modified_gmt":"2024-06-11T10:08:10","slug":"ethereum-likely-gearing-for-500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-likely-gearing-for-500\/","title":{"rendered":"TA: Ethereum Likely Gearing For Lift-Off to $500: Why Rally Isn’t Over Yet"},"content":{"rendered":"
Ethereum corrected lower, but it found a strong support near the $465 level against the US Dollar. ETH price is currently rising and it is likely to climb further towards $500.<\/em><\/p>\n
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Ethereum is showing a lot of positive signs and it is now well above the $465 support level.<\/li>\n
The price is trading above the $480 resistance and the 100 hourly simple moving average.<\/li>\n
There was a break above a major contracting triangle with resistance near $478 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise steadily towards the $495 and $500 levels in the near term.<\/li>\n<\/ul>\n
Ethereum Price is Signaling More Upsides<\/h2>\n
Ethereum corrected lower below the $475 level, but the bulls were able to protect the $465 zone. ETH price seems to be forming a strong support base above the $465 level and the 100 hourly simple moving average<\/a>.<\/p>\n