{"id":515884,"date":"2023-01-12T23:12:47","date_gmt":"2023-01-13T04:12:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=515884"},"modified":"2024-06-11T14:35:15","modified_gmt":"2024-06-11T14:35:15","slug":"ethereum-price-bulls-aim-1500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-bulls-aim-1500\/","title":{"rendered":"Ethereum Price Consolidates Near $1,400 As The Bulls Aim $1,500"},"content":{"rendered":"<p><em>Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels.<\/li>\n<li>The price is now trading above $1,400 and the 100 hourly simple moving average.<\/li>\n<li>There is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise further unless there is a clear move below the $1,350 support.<\/li>\n<\/ul>\n<h2>Ethereum Price Turns Green<\/h2>\n<p>Ethereum price started a strong increase above the $1,320 resistance. ETH was able to clear the $1,350 resistance zone to move into a positive zone, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-spikes-to-19k\/\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a> above $17,200.<\/p>\n<p>The price even climbed above the $1,400 resistance zone. A high is formed near $1,437 and the price is now consolidating gains. Ether price is now trading above $1,400 and the 100 hourly simple moving average. There is also a <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-climbs-5-pc\/\" target=\"_blank\" rel=\"noopener \">major bullish trend line<\/a> forming with support near $1,365 on the hourly chart of ETH\/USD.<\/p>\n<p>Recently, there was a downside correction below the $1,420 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high.<\/p>\n<p>However, the price is stable near the $1,400 zone. An immediate resistance is near the $1,435 level. The next major resistance is near the $1,500 level. An upside break above the $1,500 resistance zone could set the pace for more gains.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-515885\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/Ethereum-8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>In the stated case, the price may perhaps rise towards the $1,550 resistance. Any more gains might send the price towards $1,600 or even $1,620 in the near term.<\/p>\n<h2>Dips Supported in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,430 resistance, it could start a downside correction. An initial support on the downside is near the $1,394 level.<\/p>\n<p>The next major support is near the $1,370 level and the trend line. It is near the 76.4% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high. If there is a move below $1,370, the price might test the $1,350 support. Any more losses might call for a test of the $1,300 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,370<\/p>\n<p>Major Resistance Level \u2013 $1,430<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level. Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels. The price is now trading above $1,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further unless there is a clear move below the $1,350 support. Ethereum Price Turns Green Ethereum price started a strong increase above the $1,320 resistance. ETH was able to clear the $1,350 resistance zone to move into a positive zone, similar to bitcoin above $17,200. The price even climbed above the $1,400 resistance zone. A high is formed near $1,437 and the price is now consolidating gains. Ether price is now trading above $1,400 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,365 on the hourly chart of ETH\/USD. Recently, there was a downside correction below the $1,420 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high. However, the price is stable near the $1,400 zone. An immediate resistance is near the $1,435 level. The next major resistance is near the $1,500 level. An upside break above the $1,500 resistance zone could set the pace for more gains. Source: ETHUSD on TradingView.com In the stated case, the price may perhaps rise towards the $1,550 resistance. Any more gains might send the price towards $1,600 or even $1,620 in the near term. Dips Supported in ETH? If ethereum fails to clear the $1,430 resistance, it could start a downside correction. An initial support on the downside is near the $1,394 level. The next major support is near the $1,370 level and the trend line. It is near the 76.4% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high. If there is a move below $1,370, the price might test the $1,350 support. Any more losses might call for a test of the $1,300 zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,370 Major Resistance Level \u2013 $1,430<\/p>\n","protected":false},"author":67,"featured_media":510835,"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-515884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Consolidates Near $1,400 As The Bulls Aim $1,500<\/title>\n<meta name=\"description\" content=\"Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. 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