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{"id":561663,"date":"2023-11-21T04:15:15","date_gmt":"2023-11-21T04:15:15","guid":{"rendered":"https:\/\/wncen.com\/?p=561663"},"modified":"2024-06-11T07:44:51","modified_gmt":"2024-06-11T07:44:51","slug":"ethereum-price-clears-hurdle-2020","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-clears-hurdle-2020\/","title":{"rendered":"Ethereum Price Clears Hurdle – A Strengthening Case For More Upsides"},"content":{"rendered":"

Ethereum price started a fresh increase above the $1,950 resistance. ETH is consolidating and might aim for a move above the $2,070 resistance.<\/em><\/p>\n

\n
Ethereum remained stable and started a fresh increase above the $1,950 level.<\/li>\n
The price is trading above $2,000 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a major bearish trend line with resistance near $2,010 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move up unless there is a break below the $1,985 support.<\/li>\n<\/ul>\n
Ethereum Price Eyes More Gains<\/h2>\n
After forming a base above the $1,900 level, Ethereum price started a decent increase. ETH was able to surpass the $1,950 and $1,960 resistance levels, like Bitcoin<\/a>.<\/p>\n
The price even climbed above the $2,000 level and the 100-hourly Simple Moving Average. Besides, there was a break above a major bearish trend line<\/a> with resistance near $2,010 on the hourly chart of ETH\/USD. A high was formed near $2,068 and the price is now consolidating gains.<\/p>\n
It traded below the 23.6% Fib retracement level of the recent increase from the $1,905 swing low to the $2,068 high. However, Ethereum is still above $2,000 and the 100-hourly Simple Moving Average.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
On the upside, the price is facing resistance near the $2,050 zone. The first key resistance is near the $2,070 level. A clear move above the $2,070 level could spark bullish moves. The next resistance is near $2,120, above which the price could aim for a move toward the $2,200 level. Any more gains could start a wave toward the $2,250 level.<\/p>\n
Are Dips Limited in ETH?<\/h2>\n
If Ethereum fails to clear the $2,070 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level and the 100-hourly Simple Moving Average.<\/p>\n
The next key support is $1,985 or the 50% Fib retracement level of the recent increase from the $1,905 swing low to the $2,068 high. The main support is $1,965. A downside break below the $1,965 support might trigger more losses. In the stated case, Ether could drop toward the $1,905 support zone in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is 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 $1,985<\/p>\n
Major Resistance Level \u2013 $2,070<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a fresh increase above the $1,950 resistance. ETH is consolidating and might aim for a move above the $2,070 resistance. Ethereum remained stable and started a fresh increase above the $1,950 level. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $2,010 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $1,985 support. Ethereum Price Eyes More Gains After forming a base above the $1,900 level, Ethereum price started a decent increase. ETH was able to surpass the $1,950 and $1,960 resistance levels, like Bitcoin. The price even climbed above the $2,000 level and the 100-hourly Simple Moving Average. Besides, there was a break above a major bearish trend line with resistance near $2,010 on the hourly chart of ETH\/USD. A high was formed near $2,068 and the price is now consolidating gains. It traded below the 23.6% Fib retracement level of the recent increase from the $1,905 swing low to the $2,068 high. However, Ethereum is still above $2,000 and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $2,050 zone. The first key resistance is near the $2,070 level. A clear move above the $2,070 level could spark bullish moves. The next resistance is near $2,120, above which the price could aim for a move toward the $2,200 level. Any more gains could start a wave toward the $2,250 level. Are Dips Limited in ETH? If Ethereum fails to clear the $2,070 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level and the 100-hourly Simple Moving Average. The next key support is $1,985 or the 50% Fib retracement level of the recent increase from the $1,905 swing low to the $2,068 high. The main support is $1,965. A downside break below the $1,965 support might trigger more losses. In the stated case, Ether could drop toward the $1,905 support zone in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,985 Major Resistance Level \u2013 $2,070<\/p>\n","protected":false},"author":67,"featured_media":456360,"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":[65296,1946,8686,78803],"class_list":["post-561663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Clears Hurdle - A Strengthening Case For More Upsides<\/title>\n<meta name=\"description\" content=\"Ethereum price started a fresh increase above the $1,950 resistance. 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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 Clears Hurdle – A Strengthening Case For More Upsides","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-clears-hurdle-2020\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-clears-hurdle-2020\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/shutterstock_749757757-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/shutterstock_749757757-scaled.jpg?fit=2560%2C1792"},"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":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2023-11-21T04:15:15Z","datePublished":"2023-11-21T04:15:15Z","dateModified":"2024-06-11T07:44:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Clears Hurdle – A Strengthening Case For More Upsides\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-clears-hurdle-2020\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-clears-hurdle-2020\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_749757757-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_749757757-scaled.jpg?fit=2560%2C1792\"},\"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\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-11-21T04:15:15Z\",\"datePublished\":\"2023-11-21T04:15:15Z\",\"dateModified\":\"2024-06-11T07:44:51Z\"}<\/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\/2021\/02\/shutterstock_749757757-scaled.jpg?fit=2560%2C1792","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561663","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=561663"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/456360"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=561663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=561663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=561663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}