{"id":495639,"date":"2022-07-14T05:08:28","date_gmt":"2022-07-14T05:08:28","guid":{"rendered":"https:\/\/wncen.com\/?p=495639"},"modified":"2024-06-11T11:30:16","modified_gmt":"2024-06-11T11:30:16","slug":"ethereum-could-rally-1125","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-could-rally-1125\/","title":{"rendered":"TA: Ethereum Could Rally If It Clears This Key Breakout Zone"},"content":{"rendered":"
Ethereum dived towards $1,000 before it found support against the US Dollar. ETH is now correcting higher and facing a key hurdle near USD 1,125.<\/em><\/p>\n Ethereum remained in a bearish zone<\/a> below the $1,100 support zone. ETH extended decline below the $1,050 and $1,040 levels. However, the bulls appeared above the $1,000 support zone.<\/p>\n A low was formed near $1,014 and the price started a fresh increase. The bulls gained strength for a move above the $1,050 and $1,060 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,275 swing high to $1,014 low.<\/p>\n Besides, there was a break above a key bearish trend line with resistance near $1,100 on the hourly chart of ETH\/USD. Ether price is now trading above $1,080 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,125 level. The first major resistance is near the $1,145 zone. It is near the 50% Fib retracement level of the downward move from the $1,275 swing high to $1,014 low. A clear move above the $1,145 level could send the price higher.<\/p>\n <\/a><\/p>\n The next key barrier is near the $1,195 level, above which the price start a decent increase. In the stated case, the price could rise towards the $1,280 resistance zone.<\/p>\n If ethereum fails to rise above the $1,145 resistance, it could start a fresh decline. An initial support on the downside is near the $1,090 zone. The next major support is near the $1,080 zone.<\/p>\n A downside break below the $1,080 support may perhaps spark another decline. In the stated case, the price could drop toward the $1,030 level, below which the bears might gain strength.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $1,080<\/p>\n Major Resistance Level \u2013 $1,145<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum dived towards $1,000 before it found support against the US Dollar. ETH is now correcting higher and facing a key hurdle near USD 1,125. Ethereum extended decline towards $1,000 before it found support. The price is now trading above $1,080 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,100 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,125 resistance zone. Ethereum Price Finds Support Ethereum remained in a bearish zone below the $1,100 support zone. ETH extended decline below the $1,050 and $1,040 levels. However, the bulls appeared above the $1,000 support zone. A low was formed near $1,014 and the price started a fresh increase. The bulls gained strength for a move above the $1,050 and $1,060 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,275 swing high to $1,014 low. Besides, there was a break above a key bearish trend line with resistance near $1,100 on the hourly chart of ETH\/USD. Ether price is now trading above $1,080 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,125 level. The first major resistance is near the $1,145 zone. It is near the 50% Fib retracement level of the downward move from the $1,275 swing high to $1,014 low. A clear move above the $1,145 level could send the price higher. Source: ETHUSD on TradingView.com The next key barrier is near the $1,195 level, above which the price start a decent increase. In the stated case, the price could rise towards the $1,280 resistance zone. Fresh Decline in ETH? If ethereum fails to rise above the $1,145 resistance, it could start a fresh decline. An initial support on the downside is near the $1,090 zone. The next major support is near the $1,080 zone. A downside break below the $1,080 support may perhaps spark another decline. In the stated case, the price could drop toward the $1,030 level, below which the bears might gain strength. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,080 Major Resistance Level \u2013 $1,145<\/p>\n","protected":false},"author":67,"featured_media":462958,"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-495639","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 Finds Support<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n