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{"id":522917,"date":"2023-03-14T06:38:17","date_gmt":"2023-03-14T06:38:17","guid":{"rendered":"https:\/\/wncen.com\/?p=522917"},"modified":"2024-06-11T14:34:16","modified_gmt":"2024-06-11T14:34:16","slug":"ethereum-price-hold-strong-1650","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-hold-strong-1650\/","title":{"rendered":"Ethereum Price Hold Strong At $1,650 But Risk of Pullback Increases"},"content":{"rendered":"

Ethereum price rallied over 15% and broke the $1,650 resistance against the US Dollar. ETH might correct lower and test the $1,625 support zone.<\/em><\/p>\n

\n
Ethereum started a major increase above the $1,600 resistance zone.<\/li>\n
The price is trading above $1,620 and the 100 hourly simple moving average.<\/li>\n
There is a short-term breakout pattern forming with resistance near $1,700 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct lower, but dips might be limited below the $1,625 support.<\/li>\n<\/ul>\n
Ethereum Price Climbs Over 15%<\/h2>\n
Ethereum price started a major increase above the $1,550 resistance zone. ETH gained pace for a move above the $1,600 resistance zone and the 100 hourly simple moving average, similar to bitcoin<\/a>.<\/p>\n
The price even spiked above the $1,680 resistance zone and tested the $1,700 region. A high is formed near $1,701 and the price is now consolidating gains. There is also a short-term breakout pattern forming with resistance near $1,700 on the hourly chart of ETH\/USD.<\/p>\n
Ether price is now trading above $1,620 and the 100 hourly simple moving average<\/a>. It is consolidating gains and well trading above the 23.6% Fib retracement level of the upward wave from the $1,371 swing low to $1,701 high.<\/p>\n
On the upside, the price is facing resistance near the $1,700 zone. The first major resistance is near the $1,740 zone. The next major resistance is near the $1,765 level.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
A close above the $1,765 resistance zone might start another major increase. In this case, the price may perhaps rise towards the $1,850 resistance level. Any more gains might send the price towards $2,000.<\/p>\n
Dips Limited in ETH?<\/h2>\n
If ethereum fails to clear the $1,700 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 level.<\/p>\n
The next major support is near the $1,625 zone. If there is a break below $1,625, the price might drop towards $1,535. It is near the 50% Fib retracement level of the upward wave from the $1,371 swing low to $1,701 high. Any more losses might call for a test of the $1,500 level.<\/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 60 level.<\/p>\n
Major Support Level \u2013 $1,625<\/p>\n
Major Resistance Level \u2013 $1,700<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price rallied over 15% and broke the $1,650 resistance against the US Dollar. ETH might correct lower and test the $1,625 support zone. Ethereum started a major increase above the $1,600 resistance zone. The price is trading above $1,620 and the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $1,700 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but dips might be limited below the $1,625 support. Ethereum Price Climbs Over 15% Ethereum price started a major increase above the $1,550 resistance zone. ETH gained pace for a move above the $1,600 resistance zone and the 100 hourly simple moving average, similar to bitcoin. The price even spiked above the $1,680 resistance zone and tested the $1,700 region. A high is formed near $1,701 and the price is now consolidating gains. There is also a short-term breakout pattern forming with resistance near $1,700 on the hourly chart of ETH\/USD. Ether price is now trading above $1,620 and the 100 hourly simple moving average. It is consolidating gains and well trading above the 23.6% Fib retracement level of the upward wave from the $1,371 swing low to $1,701 high. On the upside, the price is facing resistance near the $1,700 zone. The first major resistance is near the $1,740 zone. The next major resistance is near the $1,765 level. Source: ETHUSD on TradingView.com A close above the $1,765 resistance zone might start another major increase. In this case, the price may perhaps rise towards the $1,850 resistance level. Any more gains might send the price towards $2,000. Dips Limited in ETH? If ethereum fails to clear the $1,700 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 level. The next major support is near the $1,625 zone. If there is a break below $1,625, the price might drop towards $1,535. It is near the 50% Fib retracement level of the upward wave from the $1,371 swing low to $1,701 high. Any more losses might call for a test of the $1,500 level. 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 60 level. Major Support Level \u2013 $1,625 Major Resistance Level \u2013 $1,700<\/p>\n","protected":false},"author":67,"featured_media":510835,"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-522917","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 Hold Strong At $1,650 But Risk of Pullback Increases<\/title>\n<meta name=\"description\" content=\"Ethereum price rallied over 15% and broke the $1,650 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 Hold Strong At $1,650 But Risk of Pullback Increases","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-hold-strong-1650\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-hold-strong-1650\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/iStock-1150291277.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/iStock-1150291277.jpg?fit=1254%2C836"},"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":"2023-03-14T06:38:17Z","datePublished":"2023-03-14T06:38:17Z","dateModified":"2024-06-11T14:34:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Hold Strong At $1,650 But Risk of Pullback Increases\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-hold-strong-1650\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-hold-strong-1650\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1150291277.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1150291277.jpg?fit=1254%2C836\"},\"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\":\"2023-03-14T06:38:17Z\",\"datePublished\":\"2023-03-14T06:38:17Z\",\"dateModified\":\"2024-06-11T14:34:16Z\"}<\/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\/12\/iStock-1150291277.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/522917","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=522917"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/522917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/510835"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=522917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=522917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=522917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}