{"id":521410,"date":"2023-03-01T05:23:02","date_gmt":"2023-03-01T05:23:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=521410"},"modified":"2024-06-11T14:32:57","modified_gmt":"2024-06-11T14:32:57","slug":"ethereum-price-regains-strength-1660","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-regains-strength-1660\/","title":{"rendered":"Ethereum Price Regains Strength, Indicators Suggest High Chances of Upside Break"},"content":{"rendered":"<p><em>Ethereum price moving higher above the $1,640 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to gain bullish momentum.<\/em><\/p>\n<ul>\n<li>Ethereum is rising and trading near the $1,660 resistance zone.<\/li>\n<li>The price is trading above $1,640 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a major declining channel with resistance near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rally if there is a clear move above the $1,660 and $1,700 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Recovers<\/h2>\n<p>Ethereum price declined again below the $1,620 level, but the bulls were active near the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-bears-active-1660\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$1.600 support zone<\/a>. ETH traded as low as $1,597 and recently started a fresh increase, similar to bitcoin.<\/p>\n<p>The price climbed above the $1,620 and $1,630 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $1,665 swing high to $1,597 low. Besides, there was a break above a major declining channel with resistance near $1,640 on the hourly chart of ETH\/USD.<\/p>\n<p>Ether price is now trading above $1,640 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-holds-strong-1600\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. It is also above the 76.4% Fib retracement level of the downward move from the $1,665 swing high to $1,597 low.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-521411\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum.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=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>On the upside, the price is facing resistance near the $1,665 level. The first major resistance is near the $1,680 zone. The next major resistance is near the $1,700 zone. A close above the $1,700 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level.<\/p>\n<h2>Fresh Decline in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,640 level.<\/p>\n<p>The next major support is near the $1,600 zone. If there is a break below $1,600, the price might gain bearish momentum and decline towards the $1,565 support. Any more losses might call for a test of the $1,500 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining 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 $1,600<\/p>\n<p>Major Resistance Level \u2013 $1,665<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price moving higher above the $1,640 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to gain bullish momentum. Ethereum is rising and trading near the $1,660 resistance zone. The price is trading above $1,640 and the 100 hourly simple moving average. There was a break above a major declining channel with resistance near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rally if there is a clear move above the $1,660 and $1,700 resistance levels. Ethereum Price Recovers Ethereum price declined again below the $1,620 level, but the bulls were active near the $1.600 support zone. ETH traded as low as $1,597 and recently started a fresh increase, similar to bitcoin. The price climbed above the $1,620 and $1,630 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $1,665 swing high to $1,597 low. Besides, there was a break above a major declining channel with resistance near $1,640 on the hourly chart of ETH\/USD. Ether price is now trading above $1,640 and the 100 hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $1,665 swing high to $1,597 low. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,665 level. The first major resistance is near the $1,680 zone. The next major resistance is near the $1,700 zone. A close above the $1,700 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level. Fresh Decline in ETH? If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,640 level. The next major support is near the $1,600 zone. If there is a break below $1,600, the price might gain bearish momentum and decline towards the $1,565 support. Any more losses might call for a test of the $1,500 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,600 Major Resistance Level \u2013 $1,665<\/p>\n","protected":false},"author":67,"featured_media":511243,"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-521410","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 Regains Strength, Indicators Suggest High Chances of Upside Break<\/title>\n<meta name=\"description\" content=\"Ethereum price moving higher above the $1,640 resistance zone against the US Dollar. 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