{"id":483112,"date":"2022-02-08T05:08:09","date_gmt":"2022-02-08T05:08:09","guid":{"rendered":"https:\/\/wncen.com\/?p=483112"},"modified":"2024-06-11T14:11:18","modified_gmt":"2024-06-11T14:11:18","slug":"ethereum-another-leg-higher-over-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/","title":{"rendered":"TA: Ethereum Looks Ready For Another Leg Higher Over $3,200"},"content":{"rendered":"<p><em>Ethereum gained bullish momentum and cleared the $3,100 resistance against the US Dollar. ETH price could accelerate further if it clears the $3,200 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a major increase and even settled above the $3,000 level.<\/li>\n<li>The price is now trading above $3,100 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a couple of short-term bearish trend lines at $3,000 and $3,080 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is now facing hurdle near $3,200, above which it could accelerate further higher.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes More Gains<\/h2>\n<p>Ethereum gained pace and was able to settle above the key <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-smashes-heavy-resistance-3k\/\" target=\"_blank\" rel=\"noopener \">$3,000 resistance zone<\/a>. ETH remained in a positive zone above the $3,050 level and the 100 hourly simple moving average.<\/p>\n<p>During the increase, there was a break above a couple of short-term bearish trend lines at $3,000 and $3,080 on the hourly chart of ETH\/USD. The pair even broke the $3,120 resistance level and traded to a new yearly high at $3,190.<\/p>\n<p>Ether price is now consolidating gains below the $3,190 level. There was a minor decline below the 23.6% Fib retracement level of the recent rally from the $2,950 swing low to $3,190 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-483113\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?resize=1834%2C848\" alt=\"Ethereum Price\" width=\"1834\" height=\"848\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/Ethereum-5.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/pre>\n<p>An immediate resistance on the upside is near the $3,160 level and a connecting bearish trend line on the same chart. A clear move above the $3,160 resistance could spark another increase. The next major hurdle is near the $3,200 level. A proper break above the $3,200 level might start a move towards the $3,350 and $3,380 levels in the near term.<\/p>\n<h2>Dips Limited in ETH?<\/h2>\n<p>If ethereum fails to continue higher above $3,160 or $3,180, it could start a downside correction. An initial support on the downside is near the $3,115 level. The first major support is near the $3,080 level.<\/p>\n<p>It is near the 50% Fib retracement level of the recent rally from the $2,950 swing low to $3,190 high. A downside break below the $3,080 level might push the price further lower. The next major support is near the $3,000 level and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-recovers-losses-2700\/\" target=\"_blank\" rel=\"noopener \">100 hourly SMA<\/a>, below which there is a risk of a major downside correction.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing pace in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is well above the 50 level.<\/p>\n<p>Major Support Level \u2013 $3,080<\/p>\n<p>Major Resistance Level \u2013 $3,200<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum gained bullish momentum and cleared the $3,100 resistance against the US Dollar. ETH price could accelerate further if it clears the $3,200 resistance. Ethereum started a major increase and even settled above the $3,000 level. The price is now trading above $3,100 and the 100 hourly simple moving average. There was a break above a couple of short-term bearish trend lines at $3,000 and $3,080 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is now facing hurdle near $3,200, above which it could accelerate further higher. Ethereum Price Eyes More Gains Ethereum gained pace and was able to settle above the key $3,000 resistance zone. ETH remained in a positive zone above the $3,050 level and the 100 hourly simple moving average. During the increase, there was a break above a couple of short-term bearish trend lines at $3,000 and $3,080 on the hourly chart of ETH\/USD. The pair even broke the $3,120 resistance level and traded to a new yearly high at $3,190. Ether price is now consolidating gains below the $3,190 level. There was a minor decline below the 23.6% Fib retracement level of the recent rally from the $2,950 swing low to $3,190 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,160 level and a connecting bearish trend line on the same chart. A clear move above the $3,160 resistance could spark another increase. The next major hurdle is near the $3,200 level. A proper break above the $3,200 level might start a move towards the $3,350 and $3,380 levels in the near term. Dips Limited in ETH? If ethereum fails to continue higher above $3,160 or $3,180, it could start a downside correction. An initial support on the downside is near the $3,115 level. The first major support is near the $3,080 level. It is near the 50% Fib retracement level of the recent rally from the $2,950 swing low to $3,190 high. A downside break below the $3,080 level might push the price further lower. The next major support is near the $3,000 level and the 100 hourly SMA, below which there is a risk of a major downside correction. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is well above the 50 level. Major Support Level \u2013 $3,080 Major Resistance Level \u2013 $3,200<\/p>\n","protected":false},"author":67,"featured_media":462852,"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-483112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>TA: Ethereum Looks Ready For Another Leg Higher Over $3,200<\/title>\n<meta name=\"description\" content=\"Ethereum gained bullish momentum and cleared the $3,100 resistance against the US Dollar. 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ETH price could accelerate further if it clears the $3,200 resistance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-08T05:08:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:11:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_794402125.jpg?fit=1000%2C667\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"TA: Ethereum Looks Ready For Another Leg Higher Over $3,200\",\"datePublished\":\"2022-02-08T05:08:09+00:00\",\"dateModified\":\"2024-06-11T14:11:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/\"},\"wordCount\":373,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_794402125.jpg?fit=1000%2C667\",\"keywords\":[\"ethereum\",\"ethusd\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/\",\"name\":\"TA: Ethereum Looks Ready For Another Leg Higher Over $3,200\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_794402125.jpg?fit=1000%2C667\",\"datePublished\":\"2022-02-08T05:08:09+00:00\",\"dateModified\":\"2024-06-11T14:11:18+00:00\",\"description\":\"Ethereum gained bullish momentum and cleared the $3,100 resistance against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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":"TA: Ethereum Looks Ready For Another Leg Higher Over $3,200","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-another-leg-higher-over-3200\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_794402125.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_794402125.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":["ethereum","ethusd","ethusdt"],"dateCreated":"2022-02-08T05:08:09Z","datePublished":"2022-02-08T05:08:09Z","dateModified":"2024-06-11T14:11:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Ethereum Looks Ready For Another Leg Higher Over $3,200\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-another-leg-higher-over-3200\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-another-leg-higher-over-3200\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_794402125.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_794402125.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\":[\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2022-02-08T05:08:09Z\",\"datePublished\":\"2022-02-08T05:08:09Z\",\"dateModified\":\"2024-06-11T14:11:18Z\"}<\/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\/2021\/05\/shutterstock_794402125.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/483112","targetHints":{"allow":["GET"]}}],"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=483112"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/483112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462852"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=483112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=483112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=483112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}