Ethereum Price Soars To New 2-Year High: Uptrend Isn\u2019t Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum climbed over 8% and it broke the main $400 barrier against the US Dollar. ETH price traded to a new 2-year high above $430 and it is likely to continue higher.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/ethereum-price-soars-above-430\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Soars To New 2-Year High: Uptrend Isn\u2019t Over Yet\" \/>\n<meta property=\"og:description\" content=\"Ethereum climbed over 8% and it broke the main $400 barrier against the US Dollar. 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{"id":434669,"date":"2020-08-14T05:28:59","date_gmt":"2020-08-14T05:28:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=434669"},"modified":"2024-06-11T14:15:06","modified_gmt":"2024-06-11T14:15:06","slug":"ethereum-price-soars-above-430","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-price-soars-above-430\/","title":{"rendered":"Ethereum Price Soars To New 2-Year High: Uptrend Isn\u2019t Over Yet"},"content":{"rendered":"

Ethereum climbed over 8% and it broke the main $400 barrier against the US Dollar. ETH price traded to a new 2-year high above $430 and it is likely to continue higher.<\/em><\/p>\n

\n
Ethereum is up over 8% and it broke the key $400 and $405 resistance levels.<\/li>\n
The price traded to a new 2-year high at $432 and settled above the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $405 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to continue higher above the $430 and $435 levels in the near term.<\/li>\n<\/ul>\n
Ethereum Price Rallies Above $400<\/h2>\n
After trading in a range for a few sessions, Ethereum gained strength above the $390 level against the US Dollar. As a result, ETH rallied above the $400 and $405 resistance levels<\/a>.<\/p>\n
It traded to a new 2-year high at $432 and settled well above the 100 hourly simple moving average. Ether price is currently consolidating gains above the $420 level and trading in a range. It is trading above the 23.6% Fib retracement level of the recent rally from the $377 swing low to $432 high.<\/p>\n
It seems like there is a short-term contracting triangle forming with resistance near $428 on the hourly chart of ETH\/USD. On the downside, the triangle support is near the $420 level.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Ethereum price soars above $400. Source: TradingView.com<\/a><\/pre>\n
The next major support is near the $405 level or the 50% Fib retracement level of the recent rally from the $377 swing low to $432 high. If Ethereum remains stable the $420 support, it could start a fresh rally above the $428 and $430 resistance levels.<\/p>\n
The next major resistance is near the $435 level, above which ether is likely to continue higher<\/a> towards the $450 level in the near term.<\/p>\n
Dips Likely To Be Limited in ETH<\/h2>\n
Ethereum could correct lower if there is a downside break below the $420 support level. The first major support is near the $405 level.<\/p>\n
The main support is now forming near the $400 level (the recent breakout zone). It is also close to the 61.8% Fib retracement level of the recent rally from the $377 swing low to $432 high.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is showing many positive signs in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 70 level.<\/p>\n
Major Support Level \u2013 $420<\/p>\n
Major Resistance Level \u2013 $430<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum climbed over 8% and it broke the main $400 barrier against the US Dollar. ETH price traded to a new 2-year high above $430 and it is likely to continue higher. Ethereum is up over 8% and it broke the key $400 and $405 resistance levels. The price traded to a new 2-year high at $432 and settled above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $405 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher above the $430 and $435 levels in the near term. Ethereum Price Rallies Above $400 After trading in a range for a few sessions, Ethereum gained strength above the $390 level against the US Dollar. As a result, ETH rallied above the $400 and $405 resistance levels. It traded to a new 2-year high at $432 and settled well above the 100 hourly simple moving average. Ether price is currently consolidating gains above the $420 level and trading in a range. It is trading above the 23.6% Fib retracement level of the recent rally from the $377 swing low to $432 high. It seems like there is a short-term contracting triangle forming with resistance near $428 on the hourly chart of ETH\/USD. On the downside, the triangle support is near the $420 level. Ethereum price soars above $400. Source: TradingView.com The next major support is near the $405 level or the 50% Fib retracement level of the recent rally from the $377 swing low to $432 high. If Ethereum remains stable the $420 support, it could start a fresh rally above the $428 and $430 resistance levels. The next major resistance is near the $435 level, above which ether is likely to continue higher towards the $450 level in the near term. Dips Likely To Be Limited in ETH Ethereum could correct lower if there is a downside break below the $420 support level. The first major support is near the $405 level. The main support is now forming near the $400 level (the recent breakout zone). It is also close to the 61.8% Fib retracement level of the recent rally from the $377 swing low to $432 high. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is showing many positive signs in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 70 level. Major Support Level \u2013 $420 Major Resistance Level \u2013 $430<\/p>\n","protected":false},"author":67,"featured_media":434671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625,4],"tags":[1946,8686,78803],"class_list":["post-434669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","category-analysis","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Soars To New 2-Year High: Uptrend Isn\u2019t Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum climbed over 8% and it broke the main $400 barrier 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:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Soars To New 2-Year High: Uptrend Isn\u2019t Over Yet","url":"http:\/\/ktsl888.com\/news\/ethereum-price-soars-above-430\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum-price-soars-above-430\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/shutterstock_755970418.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/shutterstock_755970418.jpg?fit=1000%2C600"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ethusd","ethusdt"],"dateCreated":"2020-08-14T05:28:59Z","datePublished":"2020-08-14T05:28:59Z","dateModified":"2024-06-11T14:15:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Soars To New 2-Year High: Uptrend Isn\\u2019t Over Yet\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-price-soars-above-430\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-price-soars-above-430\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_755970418.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_755970418.jpg?fit=1000%2C600\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2020-08-14T05:28:59Z\",\"datePublished\":\"2020-08-14T05:28:59Z\",\"dateModified\":\"2024-06-11T14:15:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/shutterstock_755970418.jpg?fit=1000%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/434669"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=434669"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/434669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/434671"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=434669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=434669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=434669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}