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{"id":514621,"date":"2023-01-03T22:18:14","date_gmt":"2023-01-04T03:18:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=514621"},"modified":"2024-06-11T11:15:28","modified_gmt":"2024-06-11T11:15:28","slug":"ethereum-price-rise-1300","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-rise-1300\/","title":{"rendered":"Ethereum Price Gains Momentum, Why ETH Could Rise To $1,300"},"content":{"rendered":"

Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels.<\/em><\/p>\n

\n
Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels.<\/li>\n
The price is now trading above $1,200 and the 100 hourly simple moving average.<\/li>\n
There is a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if there is a clear move above the $1,250 resistance.<\/li>\n<\/ul>\n
Ethereum Price Starts Increase<\/h2>\n
Ethereum price remained well bid<\/a> above the $1,200 level. ETH bull were active and defended heavy losses below the $1,180 level. The price started a decent increase above the $1,220 level, similar to bitcoin.<\/p>\n
A low was formed near the $1,204 and the price climbed above the $1,220 level. The price even climbed above the $1,230 level and is currently showing a lot of positive signs. The price is now showing a lot of bullish signs above the $1,220 level.<\/p>\n
Ether price is also trading above $1,200 and the 100 hourly simple moving average<\/a>. There is also a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD. The pair seems to be consolidating above the 23.6% Fib retracement level of the recent wave from the $1,204 swing low to $1,233 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
An immediate resistance is near the $1,250 level. The next major resistance is near the $1,265 level. A close above the $1,265 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,300 resistance. The next major resistance could be $1,350, above which the price might rise towards the $1,400 resistance zone.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If ethereum fails to climb above the $1,250 resistance, it could start another drop. An initial support on the downside is near the $1,220 level.<\/p>\n
The next major support is near the $1,200 level. A downside break below $1,200 might send the price towards the $1,180 support. Any more losses might call for a test of the $1,100 zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining 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 $1,200<\/p>\n
Major Resistance Level \u2013 $1,250<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels. Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels. The price is now trading above $1,200 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above the $1,250 resistance. Ethereum Price Starts Increase Ethereum price remained well bid above the $1,200 level. ETH bull were active and defended heavy losses below the $1,180 level. The price started a decent increase above the $1,220 level, similar to bitcoin. A low was formed near the $1,204 and the price climbed above the $1,220 level. The price even climbed above the $1,230 level and is currently showing a lot of positive signs. The price is now showing a lot of bullish signs above the $1,220 level. Ether price is also trading above $1,200 and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD. The pair seems to be consolidating above the 23.6% Fib retracement level of the recent wave from the $1,204 swing low to $1,233 high. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,250 level. The next major resistance is near the $1,265 level. A close above the $1,265 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,300 resistance. The next major resistance could be $1,350, above which the price might rise towards the $1,400 resistance zone. Dips Supported in ETH? If ethereum fails to climb above the $1,250 resistance, it could start another drop. An initial support on the downside is near the $1,220 level. The next major support is near the $1,200 level. A downside break below $1,200 might send the price towards the $1,180 support. Any more losses might call for a test of the $1,100 zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,200 Major Resistance Level \u2013 $1,250<\/p>\n","protected":false},"author":67,"featured_media":506239,"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-514621","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 Gains Momentum, Why ETH Could Rise To $1,300<\/title>\n<meta name=\"description\" content=\"Ethereum is moving higher above $1,220 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. 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