{"id":507801,"date":"2022-10-25T19:14:17","date_gmt":"2022-10-25T19:14:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=507801"},"modified":"2022-10-25T19:14:17","modified_gmt":"2022-10-25T19:14:17","slug":"ethereum-leads-crypto-rebound-eth-price-heads-for-1500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-leads-crypto-rebound-eth-price-heads-for-1500\/","title":{"rendered":"Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500"},"content":{"rendered":"

The crypto market is finally showing relief after days in consolidation mode; Ethereum is leading the market with significant profit on lower timeframes. The second crypto by market capitalization is reclaiming its position as a market leader. The last time ETH’s price displayed this price action was in September before “The Merge.”\u00a0<\/span><\/strong><\/p>\n

Related Reading: This Bitcoin On-chain Retest Can Change Market\u2019s Course, Here\u2019s How<\/a><\/div>\n

At the time of writing, Ethereum trades at $1,460 with a 10% profit in the last 24 hours and seven days, respectively. In the crypto top 10 by market cap, other cryptocurrencies are following ETH and trading in the green for the first time in weeks.\u00a0<\/span><\/p>\n

\"Ethereum
ETH’s price is rallying on the 4-hour chart. Source: ETHUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

What Is Driving Ethereum Higher?<\/h2>\n

The crypto market rebound is driven by a decline in the U.S. Dollar, as measured by the DXY Index. The currency was at a two-decade high due to current macroeconomic conditions, but at 114, it was finally rejected.<\/span><\/p>\n

Over the past weeks, the DXY was trending higher, pushing other assets into support, including macro assets considered safe havens, such as gold. In particular, the currencies of U.S. allies, Japan, the United Kingdom, and the European Union, suffered during this dollar rally.\u00a0<\/span><\/p>\n

\"Ethereum
DXY breaking down on the daily chart. Source: Justin Bennett via Twitter<\/a><\/figcaption><\/figure>\n

The United States was facing pressure from its allies to alleviate the stress on their economies. Three weeks ago, the United Nations (UN) called<\/a> on the U.S. Federal Reserve (Fed) to shift its monetary policy and halt interest rate hikes.\u00a0<\/span><\/p>\n

Since then, some Fed representatives hinted at a potentially less aggressive monetary policy, which might have triggered weakness in the DXY Index. The chart above shows that the currency broke its bullish trendline and might be gearing up to re-test support around 109.\u00a0<\/span><\/p>\n

This decline might allow Ethereum to extend its bullish momentum and reclaim the area north of $1,500. Data from research firm Santiment, the bullish momentum spilled to other asset classes. Via Twitter, the firm wrote<\/a>:\u00a0<\/span><\/p>\n

Ethereum has surged to $1,415 on a breakout Tuesday for #crypto. The Dollar value has dropped fairly notably today, and its growth coming to an end (or at least a pause) would be a key component to the next breakout of cryptocurrency market caps.<\/p><\/blockquote>\n

Flippening In The Making<\/h3>\n

The upside move is turning market sentiment more optimistic. Some experts expect the bullish momentum to extend, with Bitcoin and Ethereum facing significant resistance levels at $20,500 and $1,500, respectively.\u00a0<\/span><\/p>\n

Economist Micha\u00ebl van de Poppe made a bullish prediction for Ethereum. The experts advise traders not to chase the current move at lower timeframes.\u00a0<\/span><\/p>\n

If bulls have conviction, the price action is poised to re-test previous levels before reclaiming lost territory north of $1,500. Late longs might suffer in this process.\u00a0<\/span><\/p>\n

Related Reading: Is This Product Likely to Bring Cardano Back to $1? Charles Hoskinson Speaks Out<\/a><\/div>\n

For the long haul, van de Poppe predicted<\/a>:\u00a0<\/span><\/p>\n

Ethereum cracked a ton of levels with this massive move. Great flip of $1,320 inducing continuation towards $1,500. Ethereum will flip Bitcoin this cycle, but now it’s not the time to chase. Looking for some healthy corrections to play the next move to $1,600.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The crypto market is finally showing relief after days in consolidation mode; Ethereum is leading the market with significant profit on lower timeframes. The second crypto by market capitalization is reclaiming its position as a market leader. The last time ETH’s price displayed this price action was in September before “The Merge.”\u00a0 Related Reading: This Bitcoin On-chain Retest Can Change Market\u2019s Course, Here\u2019s How At the time of writing, Ethereum trades at $1,460 with a 10% profit in the last 24 hours and seven days, respectively. In the crypto top 10 by market cap, other cryptocurrencies are following ETH and trading in the green for the first time in weeks.\u00a0 What Is Driving Ethereum Higher? The crypto market rebound is driven by a decline in the U.S. Dollar, as measured by the DXY Index. The currency was at a two-decade high due to current macroeconomic conditions, but at 114, it was finally rejected. Over the past weeks, the DXY was trending higher, pushing other assets into support, including macro assets considered safe havens, such as gold. In particular, the currencies of U.S. allies, Japan, the United Kingdom, and the European Union, suffered during this dollar rally.\u00a0 The United States was facing pressure from its allies to alleviate the stress on their economies. Three weeks ago, the United Nations (UN) called on the U.S. Federal Reserve (Fed) to shift its monetary policy and halt interest rate hikes.\u00a0 Since then, some Fed representatives hinted at a potentially less aggressive monetary policy, which might have triggered weakness in the DXY Index. The chart above shows that the currency broke its bullish trendline and might be gearing up to re-test support around 109.\u00a0 This decline might allow Ethereum to extend its bullish momentum and reclaim the area north of $1,500. Data from research firm Santiment, the bullish momentum spilled to other asset classes. Via Twitter, the firm wrote:\u00a0 Ethereum has surged to $1,415 on a breakout Tuesday for #crypto. The Dollar value has dropped fairly notably today, and its growth coming to an end (or at least a pause) would be a key component to the next breakout of cryptocurrency market caps. Flippening In The Making The upside move is turning market sentiment more optimistic. Some experts expect the bullish momentum to extend, with Bitcoin and Ethereum facing significant resistance levels at $20,500 and $1,500, respectively.\u00a0 Economist Micha\u00ebl van de Poppe made a bullish prediction for Ethereum. The experts advise traders not to chase the current move at lower timeframes.\u00a0 If bulls have conviction, the price action is poised to re-test previous levels before reclaiming lost territory north of $1,500. Late longs might suffer in this process.\u00a0 Related Reading: Is This Product Likely to Bring Cardano Back to $1? Charles Hoskinson Speaks Out For the long haul, van de Poppe predicted:\u00a0 Ethereum cracked a ton of levels with this massive move. Great flip of $1,320 inducing continuation towards $1,500. Ethereum will flip Bitcoin this cycle, but now it’s not the time to chase. Looking for some healthy corrections to play the next move to $1,600.<\/p>\n","protected":false},"author":535,"featured_media":507802,"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":[8323,1946,78803],"class_list":["post-507801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Leads Crypto Rebound, ETH Price Heads For $1,500<\/title>\n<meta name=\"description\" content=\"The crypto market is finally showing relief after days in consolidation; Ethereum is leading with significant profit on lower timeframes.\" \/>\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\/ethereum-leads-crypto-rebound-eth-price-heads-for-1500\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500\" \/>\n<meta property=\"og:description\" content=\"The crypto market is finally showing relief after days in consolidation; 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500","url":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-leads-crypto-rebound-eth-price-heads-for-1500\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-leads-crypto-rebound-eth-price-heads-for-1500\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Ethereum-ETH-ETHUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C960"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusdt"],"dateCreated":"2022-10-25T19:14:17Z","datePublished":"2022-10-25T19:14:17Z","dateModified":"2022-10-25T19:14:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-leads-crypto-rebound-eth-price-heads-for-1500\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-leads-crypto-rebound-eth-price-heads-for-1500\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Ethereum-ETH-ETHUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C960\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusdt\"],\"dateCreated\":\"2022-10-25T19:14:17Z\",\"datePublished\":\"2022-10-25T19:14:17Z\",\"dateModified\":\"2022-10-25T19:14:17Z\"}<\/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\/2022\/10\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C960","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/507801"}],"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\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=507801"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/507801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/507802"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=507801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=507801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=507801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}