{"id":494203,"date":"2022-06-27T05:28:09","date_gmt":"2022-06-27T05:28:09","guid":{"rendered":"https:\/\/wncen.com\/?p=494203"},"modified":"2024-06-11T14:21:04","modified_gmt":"2024-06-11T14:21:04","slug":"ethereum-bulls-in-control-1300","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-in-control-1300\/","title":{"rendered":"TA: Ethereum Bulls In Control, Why ETH Could Clear $1,300"},"content":{"rendered":"
Ethereum is slowly moving higher above the $1,200 zone against the US Dollar. ETH could continue to rise unless there is a clear move below the $1,150 support.<\/em><\/p>\n Ethereum remained well supported above the $1,150 level. ETH gained pace for a move above the $1,200 resistance zone<\/a> to move into a positive zone.<\/p>\n There was also a spike above the $1,250 resistance and a close above the 100 hourly simple moving average. Ether price traded as high as $1,281 and recently corrected gains. There was a move below the $1,250 level. The price declined below the 23.6% Fib retracement level of the upward move from the $1,042 swing low to $1,281 high.<\/p>\n Besides, there was a break below a key bullish trend line with support near $1,225 on the hourly chart of ETH\/USD. The price is now trading above $1,200 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,225 level. The next major resistance is near the $1,250 zone. A clear move above the $1,250 resistance zone could start a steady increase. In the stated case, the price could even surpass the $1,280 level.<\/p>\n <\/a><\/p>\n The next major resistance is near the $1,320 level. Any more gains could start a move towards the $1,440 resistance in the near term.<\/p>\n If ethereum fails to rise above the $1,250 resistance, it could start a fresh decline. An initial support on the downside is near the $1,200 zone and the 100 hourly simple moving average.<\/p>\n The next major support is near the $1,115 zone. It is close to the 50% Fib retracement level of the upward move from the $1,042 swing low to $1,281 high. A close below the $1,150 level might start another decline. In the stated case, ether price may perhaps decline towards the $1,050 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now near the 50 level.<\/p>\n Major Support Level \u2013 $1,150<\/p>\n Major Resistance Level \u2013 $1,250<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is slowly moving higher above the $1,200 zone against the US Dollar. ETH could continue to rise unless there is a clear move below the $1,150 support. Ethereum is facing resistance near the $1,250 and $1,280 levels. The price is now trading above $1,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,225 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above the $1,250 resistance. Ethereum Price Eyes More Gains Ethereum remained well supported above the $1,150 level. ETH gained pace for a move above the $1,200 resistance zone to move into a positive zone. There was also a spike above the $1,250 resistance and a close above the 100 hourly simple moving average. Ether price traded as high as $1,281 and recently corrected gains. There was a move below the $1,250 level. The price declined below the 23.6% Fib retracement level of the upward move from the $1,042 swing low to $1,281 high. Besides, there was a break below a key bullish trend line with support near $1,225 on the hourly chart of ETH\/USD. The price is now trading above $1,200 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,225 level. The next major resistance is near the $1,250 zone. A clear move above the $1,250 resistance zone could start a steady increase. In the stated case, the price could even surpass the $1,280 level. Source: ETHUSD on TradingView.com The next major resistance is near the $1,320 level. Any more gains could start a move towards the $1,440 resistance in the near term. Fresh Decline in ETH? If ethereum fails to rise above the $1,250 resistance, it could start a fresh decline. An initial support on the downside is near the $1,200 zone and the 100 hourly simple moving average. The next major support is near the $1,115 zone. It is close to the 50% Fib retracement level of the upward move from the $1,042 swing low to $1,281 high. A close below the $1,150 level might start another decline. In the stated case, ether price may perhaps decline towards the $1,050 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now near the 50 level. Major Support Level \u2013 $1,150 Major Resistance Level \u2013 $1,250<\/p>\n","protected":false},"author":67,"featured_media":463056,"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-494203","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 Eyes More Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n