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{"id":514822,"date":"2023-01-04T21:37:39","date_gmt":"2023-01-05T02:37:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=514822"},"modified":"2024-06-11T14:35:11","modified_gmt":"2024-06-11T14:35:11","slug":"ethereum-price-leg-higher-1300","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-leg-higher-1300\/","title":{"rendered":"Ethereum Price Looks Ready For Another Leg Higher Over $1,300"},"content":{"rendered":"

Ethereum was able to clear the $1,240 resistance zone against the US Dollar. ETH is showing positive signs and there might be a move above the $1,300 resistance.<\/em><\/p>\n

\n
Ethereum is moving higher above the $1,220 and $1,240 resistance levels.<\/li>\n
The price is now trading above $1,220 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further if there is a clear move above the $1,300 resistance.<\/li>\n<\/ul>\n
Ethereum Price Gains Bullish Momentum<\/h2>\n
Ethereum price formed a base above the $1,200 level. ETH started a decent increase and was able to clear the $1,220 resistance zone, similar to bitcoin<\/a>.<\/p>\n
There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD. It opened the doors for a move above the $1,250 resistance zone. The price tested the $1,270 zone and a high is formed near $1,271.<\/p>\n
Ether price is now trading above $1,220 and the 100 hourly simple moving average<\/a>. It is now correcting gains below $1,260. There was a move below the 23.6% Fib retracement level of the recent increase from the $1,204 swing low to $1,271 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
An immediate resistance is near the $1,260 level. The next major resistance is near the $1,275 level. A clear move above the $1,275 resistance could another 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 could surge towards the $1,420 resistance zone.<\/p>\n
Dips Limited in ETH?<\/h2>\n
If ethereum fails to clear the $1,275 resistance, it could correct further lower. An initial support on the downside is near the $1,240 level.<\/p>\n
The next major support is near the $1,230 level. It is near the 50% Fib retracement level of the recent increase from the $1,204 swing low to $1,271 high. A downside break below $1,230 might send the price towards the $1,220 support. Any more losses might call for a test of the $1,200 zone.<\/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 50 level.<\/p>\n
Major Support Level \u2013 $1,230<\/p>\n
Major Resistance Level \u2013 $1,275<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum was able to clear the $1,240 resistance zone against the US Dollar. ETH is showing positive signs and there might be a move above the $1,300 resistance. Ethereum is moving higher above the $1,220 and $1,240 resistance levels. The price is now trading above $1,220 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further if there is a clear move above the $1,300 resistance. Ethereum Price Gains Bullish Momentum Ethereum price formed a base above the $1,200 level. ETH started a decent increase and was able to clear the $1,220 resistance zone, similar to bitcoin. There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD. It opened the doors for a move above the $1,250 resistance zone. The price tested the $1,270 zone and a high is formed near $1,271. Ether price is now trading above $1,220 and the 100 hourly simple moving average. It is now correcting gains below $1,260. There was a move below the 23.6% Fib retracement level of the recent increase from the $1,204 swing low to $1,271 high. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,260 level. The next major resistance is near the $1,275 level. A clear move above the $1,275 resistance could another 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 could surge towards the $1,420 resistance zone. Dips Limited in ETH? If ethereum fails to clear the $1,275 resistance, it could correct further lower. An initial support on the downside is near the $1,240 level. The next major support is near the $1,230 level. It is near the 50% Fib retracement level of the recent increase from the $1,204 swing low to $1,271 high. A downside break below $1,230 might send the price towards the $1,220 support. Any more losses might call for a test of the $1,200 zone. 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 50 level. Major Support Level \u2013 $1,230 Major Resistance Level \u2013 $1,275<\/p>\n","protected":false},"author":67,"featured_media":504923,"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-514822","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 Looks Ready For Another Leg Higher Over $1,300<\/title>\n<meta name=\"description\" content=\"Ethereum was able to clear the $1,240 resistance zone 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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