{"id":455152,"date":"2021-01-25T05:18:07","date_gmt":"2021-01-25T05:18:07","guid":{"rendered":"https:\/\/wncen.com\/?p=455152"},"modified":"2024-06-11T14:12:55","modified_gmt":"2024-06-11T14:12:55","slug":"ethereum-surges-to-new-atm-1475why-eth-could-rally-further-above-1500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-surges-to-new-atm-1475why-eth-could-rally-further-above-1500\/","title":{"rendered":"TA: Ethereum Surges To New ATM, Why ETH Could Rally Further Above $1,500"},"content":{"rendered":"
Ethereum surged 15% and it traded to a new all-time high near $1,475 against the US Dollar. ETH price is currently correcting lower, but it is likely to remain well bid above $1,350.<\/em><\/p>\n In the past 3-4 sessions, there was a strong increase<\/a> in Ethereum above the $1,300 resistance level. ETH outperformed bitcoin<\/a> and it rallied above the $1,400 resistance level.<\/p>\n There was also a close above the $1,400 level and the 100 hourly simple moving average. Ether gained 15% and it traded to a new all-time high near the $1,476 level. The price is currently correcting lower and trading below the $1,450 level.<\/p>\n There was a break below the 23.6% Fib retracement level of the recent rally from the $1,299 swing low $1,476 high. An initial support on the downside is near the $1,400 level. There is also is a key bullish trend line forming with support near $1,360 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n On the upside, the price is facing hurdles near $1,450 and $1,475. The main resistance is near the $1,500 level. A clear break above the $1,500 resistance level could open the doors for a sharp increase in the coming sessions. The next stop for the bulls could be $1,580 or $1,600.<\/p>\n If ethereum starts a downside correction, it could remain stable above the $1,400 level. The first major support on the downside is near the trend line and $1,350.<\/p>\n The 50% Fib retracement level of the recent rally from the $1,299 swing low $1,476 high is also near the $1,385 level to act as a support. Therefore, ether price is likely to remain well bid if there is a decline towards the $1,360 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is currently correcting lower towards the 60 level.<\/p>\n Major Support Level \u2013 $1,360<\/p>\n Major Resistance Level \u2013 $1,450<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum surged 15% and it traded to a new all-time high near $1,475 against the US Dollar. ETH price is currently correcting lower, but it is likely to remain well bid above $1,350. Ethereum started a fresh surge above the $1,350 and $1,400 resistance levels. The price traded as high as $1,476 and it is now well above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,360 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to remain active near $1,350 and $1,360. Ethereum Price is Gaining Bullish Momentum In the past 3-4 sessions, there was a strong increase in Ethereum above the $1,300 resistance level. ETH outperformed bitcoin and it rallied above the $1,400 resistance level. There was also a close above the $1,400 level and the 100 hourly simple moving average. Ether gained 15% and it traded to a new all-time high near the $1,476 level. The price is currently correcting lower and trading below the $1,450 level. There was a break below the 23.6% Fib retracement level of the recent rally from the $1,299 swing low $1,476 high. An initial support on the downside is near the $1,400 level. There is also is a key bullish trend line forming with support near $1,360 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, the price is facing hurdles near $1,450 and $1,475. The main resistance is near the $1,500 level. A clear break above the $1,500 resistance level could open the doors for a sharp increase in the coming sessions. The next stop for the bulls could be $1,580 or $1,600. Dips Supported in ETH? If ethereum starts a downside correction, it could remain stable above the $1,400 level. The first major support on the downside is near the trend line and $1,350. The 50% Fib retracement level of the recent rally from the $1,299 swing low $1,476 high is also near the $1,385 level to act as a support. Therefore, ether price is likely to remain well bid if there is a decline towards the $1,360 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently correcting lower towards the 60 level. Major Support Level \u2013 $1,360 Major Resistance Level \u2013 $1,450<\/p>\n","protected":false},"author":67,"featured_media":455154,"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-455152","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 is Gaining Bullish Momentum<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in ETH?<\/h2>\n