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{"id":506753,"date":"2022-10-18T03:35:24","date_gmt":"2022-10-18T03:35:24","guid":{"rendered":"https:\/\/wncen.com\/?p=506753"},"modified":"2024-06-11T14:27:39","modified_gmt":"2024-06-11T14:27:39","slug":"ethereum-price-is-unstoppable-1400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-is-unstoppable-1400\/","title":{"rendered":"Ethereum Price Is Unstoppable and Why Break Above $1,400 Seems Imminent"},"content":{"rendered":"

Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels.<\/em><\/p>\n

\n
Ethereum remained strong above the $1,265 support zone and started a decent increase.<\/li>\n
The price is now trading above $1,320 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $1,350 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Eyes More Gains<\/h2>\n
Ethereum formed a base above the $1,260 level and started a decent increase, similar to bitcoin price<\/a>. ETH was able to climb higher above the $1,280 and $1,300 levels.<\/p>\n
There was a break above the 50% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Ether price is now trading above $1,320 and the 100 hourly simple moving average. It seems like the bulls are in control<\/a> above the $1,320 level.<\/p>\n
It is also trading above the 76.4% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Besides, there is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD.<\/p>\n
An immediate resistance on the upside is near the $1,340 zone or the last swing high. The first major resistance is near the $1,350 level. A clear upside break above the $1,350 resistance zone could open the doors for more gains. In the stated case, the price may perhaps rise towards the $1,400 resistance.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The 1.618 Fib extension level of the key drop from the $1,344 swing high to $1,262 low is also near the $1,400 zone. Any more gains might send the price towards the $1,500 resistance.<\/p>\n
Downside Break in ETH?<\/h2>\n
If ethereum fails to climb above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,315 level and the trend line.<\/p>\n
The next major support is near the $1,300 level and the 100 hourly simple moving average. A downside break below the $1,300 zone might start a fresh decline to $1,260. Any more losses may perhaps open the gates for a move towards the $1,200 support.<\/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 above the 50 level.<\/p>\n
Major Support Level \u2013 $1,300<\/p>\n
Major Resistance Level \u2013 $1,350<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels. Ethereum remained strong above the $1,265 support zone and started a decent increase. The price is now trading above $1,320 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,350 resistance zone. Ethereum Price Eyes More Gains Ethereum formed a base above the $1,260 level and started a decent increase, similar to bitcoin price. ETH was able to climb higher above the $1,280 and $1,300 levels. There was a break above the 50% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Ether price is now trading above $1,320 and the 100 hourly simple moving average. It seems like the bulls are in control above the $1,320 level. It is also trading above the 76.4% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Besides, there is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,340 zone or the last swing high. The first major resistance is near the $1,350 level. A clear upside break above the $1,350 resistance zone could open the doors for more gains. In the stated case, the price may perhaps rise towards the $1,400 resistance. Source: ETHUSD on TradingView.com The 1.618 Fib extension level of the key drop from the $1,344 swing high to $1,262 low is also near the $1,400 zone. Any more gains might send the price towards the $1,500 resistance. Downside Break in ETH? If ethereum fails to climb above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,315 level and the trend line. The next major support is near the $1,300 level and the 100 hourly simple moving average. A downside break below the $1,300 zone might start a fresh decline to $1,260. Any more losses may perhaps open the gates for a move towards the $1,200 support. 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 above the 50 level. Major Support Level \u2013 $1,300 Major Resistance Level \u2013 $1,350<\/p>\n","protected":false},"author":67,"featured_media":506755,"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":[8323,1946,8686,78803],"class_list":["post-506753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Is Unstoppable and Why Break Above $1,400 Seems Imminent<\/title>\n<meta name=\"description\" content=\"Ethereum is slowly moving higher above the $1,320 level against the US Dollar. 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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":"Ethereum Price Is Unstoppable and Why Break Above $1,400 Seems Imminent","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-is-unstoppable-1400\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-is-unstoppable-1400\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989.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":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2022-10-18T03:35:24Z","datePublished":"2022-10-18T03:35:24Z","dateModified":"2024-06-11T14:27:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Is Unstoppable and Why Break Above $1,400 Seems Imminent\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-is-unstoppable-1400\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-is-unstoppable-1400\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989.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\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2022-10-18T03:35:24Z\",\"datePublished\":\"2022-10-18T03:35:24Z\",\"dateModified\":\"2024-06-11T14:27:39Z\"}<\/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\/2022\/10\/shutterstock_584552989.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/506753","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=506753"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/506753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/506755"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=506753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=506753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=506753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}