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{"id":513491,"date":"2022-12-22T23:40:58","date_gmt":"2022-12-23T04:40:58","guid":{"rendered":"https:\/\/wncen.com\/?p=513491"},"modified":"2024-06-11T14:35:05","modified_gmt":"2024-06-11T14:35:05","slug":"ethereum-price-key-trend-1250","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-key-trend-1250\/","title":{"rendered":"Ethereum Price Key Trend is Forming and Swift Recovery Could Occur"},"content":{"rendered":"

Ethereum is attempting an upside break above the $1,230 resistance against the US Dollar. ETH could start a strong increase if it settles above the $1,230 and $1,250 resistance levels.<\/em><\/p>\n

\n
Ethereum tested the $1,180 level and climbed higher sharply.<\/li>\n
The price is now trading above $1,200 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if there is a clear move above $1,230 and $1,250.<\/li>\n<\/ul>\n
Ethereum Price Eyes Fresh Rally<\/h2>\n
Ethereum price started a downside correction from the $1,230 resistance zone. ETH spiked below the $1,200 support zone and the 100 hourly simple moving average.<\/p>\n
However, the bulls were active above the $1,160 support zone. A low was formed near $1,180 and the price climbed higher sharply, similar to bitcoin<\/a>. There was a strong move above the $1,200 level. Besides, there was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD.<\/p>\n
Ether price is now trading above $1,200 and the 100 hourly simple moving average<\/a>. It is now trading just below the 23.6% Fib retracement level of the recent wave from the $1,180 swing low to $1,237 high.<\/p>\n
An immediate resistance is near the $1,230 level. The next major resistance is near the $1,250 level. A clear upside break above the $1,250 resistance could start a strong upward move. In the stated case, the price may perhaps rise towards the $1,300 resistance.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next major resistance could be $1,350. If the bulls clear the $1,350 resistance, the price might rise towards $1,400. Any more gains might send the price towards the $1,500 resistance zone.<\/p>\n
Fresh Drop in ETH?<\/h2>\n
If ethereum fails to climb above the $1,250 resistance, it could start another drop. An initial support on the downside is near the $1,210 level and the 100 hourly simple moving average.<\/p>\n
The next major support is near the $1,200 level. It is close to the 61.8% Fib retracement level of the recent wave from the $1,180 swing low to $1,237 high. A downside break below $1,200 might spark a move towards the $1,150 support. Any more losses could lead the price towards the $1,100 zone.<\/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 $1,200<\/p>\n
Major Resistance Level \u2013 $1,230<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is attempting an upside break above the $1,230 resistance against the US Dollar. ETH could start a strong increase if it settles above the $1,230 and $1,250 resistance levels. Ethereum tested the $1,180 level and climbed higher sharply. The price is now trading above $1,200 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above $1,230 and $1,250. Ethereum Price Eyes Fresh Rally Ethereum price started a downside correction from the $1,230 resistance zone. ETH spiked below the $1,200 support zone and the 100 hourly simple moving average. However, the bulls were active above the $1,160 support zone. A low was formed near $1,180 and the price climbed higher sharply, similar to bitcoin. There was a strong move above the $1,200 level. Besides, there was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD. Ether price is now trading above $1,200 and the 100 hourly simple moving average. It is now trading just below the 23.6% Fib retracement level of the recent wave from the $1,180 swing low to $1,237 high. An immediate resistance is near the $1,230 level. The next major resistance is near the $1,250 level. A clear upside break above the $1,250 resistance could start a strong upward move. In the stated case, the price may perhaps rise towards the $1,300 resistance. Source: ETHUSD on TradingView.com The next major resistance could be $1,350. If the bulls clear the $1,350 resistance, the price might rise towards $1,400. Any more gains might send the price towards the $1,500 resistance zone. Fresh Drop in ETH? If ethereum fails to climb above the $1,250 resistance, it could start another drop. An initial support on the downside is near the $1,210 level and the 100 hourly simple moving average. The next major support is near the $1,200 level. It is close to the 61.8% Fib retracement level of the recent wave from the $1,180 swing low to $1,237 high. A downside break below $1,200 might spark a move towards the $1,150 support. Any more losses could lead the price towards the $1,100 zone. 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 $1,200 Major Resistance Level \u2013 $1,230<\/p>\n","protected":false},"author":67,"featured_media":504923,"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-513491","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 Key Trend is Forming and Swift Recovery Could Occur<\/title>\n<meta name=\"description\" content=\"Ethereum is attempting an upside break above the $1,230 resistance 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 Key Trend is Forming and Swift Recovery Could Occur","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-key-trend-1250\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-key-trend-1250\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545"},"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":"2022-12-23T04:40:58Z","datePublished":"2022-12-23T04:40:58Z","dateModified":"2024-06-11T14:35:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Key Trend is Forming and Swift Recovery Could Occur\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-key-trend-1250\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-key-trend-1250\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545\"},\"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\":\"2022-12-23T04:40:58Z\",\"datePublished\":\"2022-12-23T04:40:58Z\",\"dateModified\":\"2024-06-11T14:35:05Z\"}<\/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\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513491","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=513491"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/504923"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=513491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=513491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=513491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}