{"id":507704,"date":"2022-10-25T04:55:17","date_gmt":"2022-10-25T04:55:17","guid":{"rendered":"https:\/\/wncen.com\/?p=507704"},"modified":"2024-06-11T14:27:56","modified_gmt":"2024-06-11T14:27:56","slug":"ethereum-price-bulls-keeps-pushing-1400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-bulls-keeps-pushing-1400\/","title":{"rendered":"Ethereum Price Bulls Keeps Pushing, Why Rally Is Round The Corner"},"content":{"rendered":"<p><em>Ethereum is consolidating gains above the $1,300 zone against the US Dollar. ETH could gain pace if there is a clear move above the $1,370 zone.<\/em><\/p>\n<ul>\n<li>Ethereum is showing positive signs above the $1,320 and $1,330 levels.<\/li>\n<li>The price is now trading above $1,320 and the 100 hourly simple moving average.<\/li>\n<li>There is a key contracting triangle forming with resistance near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rally if there is a clear move above $1,350 and $1,370.<\/li>\n<\/ul>\n<h2>Ethereum Price Remains Supported<\/h2>\n<p>Ethereum gained pace after it broke the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-eth-could-rally-bitcoin\/\" target=\"_blank\" rel=\"noopener \">$1,300 and $1,320 resistance levels<\/a>. ETH even cleared the $1,350 level and settled above the 100 hourly simple moving average.<\/p>\n<p>However, the price failed to clear the $1,370 level. A high was formed near $1,370 before there was a downside correction. There was a move below the $1,350 level. Ether price declined below the 23.6% Fib retracement level of the upward wave from the $1,250 swing zone to $1,370 high.<\/p>\n<p>It is now trading above $1,320 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-wont-go-down-quietly-1265\/\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. There is also a key contracting triangle forming with resistance near $1,350 on the hourly chart of ETH\/USD.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-507705\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-20.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>An immediate resistance on the upside is near the $1,350 level and the triangle trend line. The first major resistance is near the $1,365 and $1,370 levels. The main barrier is still near the $1,400 zone. A clear upside break above the $1,400 resistance zone could open the doors for a strong increase. In the stated case, the price might climb towards the $1,500 level.<\/p>\n<h2>Dips Supported in ETH?<\/h2>\n<p>If ethereum fails to climb above the $1,350 resistance, it could continue to move down. An initial support on the downside is near the $1,320 level.<\/p>\n<p>The next major support is near the $1,310 level and the $1,300 zone. It is near the 50% Fib retracement level of the upward wave from the $1,250 swing zone to $1,370 high. A downside break below the $1,300 zone might start a fresh decline to $1,270 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,320<\/p>\n<p>Major Resistance Level \u2013 $1,370<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is consolidating gains above the $1,300 zone against the US Dollar. ETH could gain pace if there is a clear move above the $1,370 zone. Ethereum is showing positive signs above the $1,320 and $1,330 levels. The price is now trading above $1,320 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rally if there is a clear move above $1,350 and $1,370. Ethereum Price Remains Supported Ethereum gained pace after it broke the $1,300 and $1,320 resistance levels. ETH even cleared the $1,350 level and settled above the 100 hourly simple moving average. However, the price failed to clear the $1,370 level. A high was formed near $1,370 before there was a downside correction. There was a move below the $1,350 level. Ether price declined below the 23.6% Fib retracement level of the upward wave from the $1,250 swing zone to $1,370 high. It is now trading above $1,320 and the 100 hourly simple moving average. There is also a key contracting triangle forming with resistance near $1,350 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,350 level and the triangle trend line. The first major resistance is near the $1,365 and $1,370 levels. The main barrier is still near the $1,400 zone. A clear upside break above the $1,400 resistance zone could open the doors for a strong increase. In the stated case, the price might climb towards the $1,500 level. Dips Supported in ETH? If ethereum fails to climb above the $1,350 resistance, it could continue to move down. An initial support on the downside is near the $1,320 level. The next major support is near the $1,310 level and the $1,300 zone. It is near the 50% Fib retracement level of the upward wave from the $1,250 swing zone to $1,370 high. A downside break below the $1,300 zone might start a fresh decline to $1,270 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,320 Major Resistance Level \u2013 $1,370<\/p>\n","protected":false},"author":67,"featured_media":461823,"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-507704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Bulls Keeps Pushing, Why Rally Is Round The Corner<\/title>\n<meta name=\"description\" content=\"Ethereum is consolidating gains above the $1,300 zone against the US Dollar. 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