ETHUSD on TradingView.com<\/a><\/p>\nIn the stated case, the price may perhaps climb higher towards the $1,400 resistance. The next major resistance could be $1,450, above which the price could surge towards the $1,500 resistance zone.<\/p>\n
Dips Supported in ETH?<\/h2>\n If ethereum fails to clear the $1,330 resistance, it could continue to move lower. An initial support on the downside is near the $1,305 level.<\/p>\n
The next major support is near the $1,292 level and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $1,262 swing low to $1,343 high. A downside break below the trend line support might call for a move towards the $1,280 support. Any more losses might call for a test of the $1,250 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>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\nMajor Support Level \u2013 $1,280<\/p>\n
Major Resistance Level \u2013 $1,350<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum extended its increase above the $1,300 resistance zone against the US Dollar. ETH tested the $1,350 zone and is currently correcting lower. Ethereum remained in a positive zone and climbed above the $1,300 and $1,320 resistance levels. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,292 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further if it stays above the $1,280 support zone. Ethereum Price Faces Resistance Ethereum price started a decent increase above the $1,280 level. ETH gained pace and was able to clear the $1,300 resistance zone to move into a positive zone, similar to bitcoin above $17,000. The price even broke the $1,320 zone to extend its increase. Ether traded to a new yearly high at $1,343 and slowly lost momentum. It seems like the price climbed above the $1,320 level on a decreasing trading volume. As a result, there was a pullback below the $1,325 level. The price declined below the 23.6% Fib retracement level of the upward move from the $1,262 swing low to $1,343 high. Ether is still trading above $1,300 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,292 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,330 level. The next major resistance is near the $1,350 level. A clear move above the $1,350 resistance could another decent increase. Source: ETHUSD on TradingView.com In the stated case, the price may perhaps climb higher towards the $1,400 resistance. The next major resistance could be $1,450, above which the price could surge towards the $1,500 resistance zone. Dips Supported in ETH? If ethereum fails to clear the $1,330 resistance, it could continue to move lower. An initial support on the downside is near the $1,305 level. The next major support is near the $1,292 level and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $1,262 swing low to $1,343 high. A downside break below the trend line support might call for a move towards the $1,280 support. Any more losses might call for a test of the $1,250 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 $1,280 Major Resistance Level \u2013 $1,350<\/p>\n","protected":false},"author":67,"featured_media":459778,"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-515473","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
Ethereum Price Turns Green But Decreasing Volumes Might Be Concerning<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n