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{"id":519828,"date":"2023-02-16T05:16:56","date_gmt":"2023-02-16T05:16:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519828"},"modified":"2024-06-11T14:32:32","modified_gmt":"2024-06-11T14:32:32","slug":"ethereum-price-revisits-1700-2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-revisits-1700-2\/","title":{"rendered":"Ethereum Price Revisits $1,700, Why ETH Could Surge To $2,000"},"content":{"rendered":"

Ethereum price broke the key $1,600 resistance against the US Dollar. ETH could rally further if it clears the $1,700 resistance zone in the near term.<\/em><\/p>\n

\n
Ethereum is up over 10% and cleared the $1,600 resistance.<\/li>\n
The price is now trading above $1,600 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move up if it clears the $1,700 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Surges Over 10%<\/h2>\n
Ethereum price started a strong increase after the bulls were active above the $1,500 support. ETH cleared many hurdles near $1,570 and $1,600 to move into a positive zone, similar to bitcoin<\/a>.<\/p>\n
The price is up over 10% and there was a move above the $1,650 resistance. It retested the $1,700 zone. A high is formed near $1,700 and the price is now consolidating gains. Ether price is now trading well above $1,600 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,640 on the hourly chart of ETH\/USD.<\/p>\n
It is also above the 23.6% Fib retracement level of the recent rally from the $1,544 swing low to $1,700 high. On the upside, the price is facing resistance near the $1,700 level.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near the $1,780 zone. An upside break above the $1,780 resistance zone could spark more upsides. In the stated case, the price may perhaps rise towards the $1,840 resistance. The next major resistance is near the $2,000 level.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If ethereum fails to clear the $1,700 resistance, it could start a downside correction. An initial support on the downside is near the $1,660 level.<\/p>\n
The next major support is near the $1,640 zone or the trend line or the 50% Fib retracement level of the recent rally from the $1,544 swing low to $1,700 high. If there is a break below $1,640, the price might continue to drop and move towards the $1,600 support. Any more losses might call for a test of the $1,550 level.<\/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 in the overbought zone.<\/p>\n
Major Support Level \u2013 $1,640<\/p>\n
Major Resistance Level \u2013 $1,700<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price broke the key $1,600 resistance against the US Dollar. ETH could rally further if it clears the $1,700 resistance zone in the near term. Ethereum is up over 10% and cleared the $1,600 resistance. The price is now trading above $1,600 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up if it clears the $1,700 resistance zone. Ethereum Price Surges Over 10% Ethereum price started a strong increase after the bulls were active above the $1,500 support. ETH cleared many hurdles near $1,570 and $1,600 to move into a positive zone, similar to bitcoin. The price is up over 10% and there was a move above the $1,650 resistance. It retested the $1,700 zone. A high is formed near $1,700 and the price is now consolidating gains. Ether price is now trading well above $1,600 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,640 on the hourly chart of ETH\/USD. It is also above the 23.6% Fib retracement level of the recent rally from the $1,544 swing low to $1,700 high. On the upside, the price is facing resistance near the $1,700 level. Source: ETHUSD on TradingView.com The next major resistance is near the $1,780 zone. An upside break above the $1,780 resistance zone could spark more upsides. In the stated case, the price may perhaps rise towards the $1,840 resistance. The next major resistance is near the $2,000 level. Dips Supported in ETH? If ethereum fails to clear the $1,700 resistance, it could start a downside correction. An initial support on the downside is near the $1,660 level. The next major support is near the $1,640 zone or the trend line or the 50% Fib retracement level of the recent rally from the $1,544 swing low to $1,700 high. If there is a break below $1,640, the price might continue to drop and move towards the $1,600 support. Any more losses might call for a test of the $1,550 level. 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 in the overbought zone. Major Support Level \u2013 $1,640 Major Resistance Level \u2013 $1,700<\/p>\n","protected":false},"author":67,"featured_media":506755,"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-519828","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 Revisits $1,700, Why ETH Could Surge To $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum price broke the key $1,600 resistance 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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