{"id":522766,"date":"2023-03-13T05:09:36","date_gmt":"2023-03-13T05:09:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=522766"},"modified":"2024-06-11T14:34:14","modified_gmt":"2024-06-11T14:34:14","slug":"ethereum-price-signals-bullish-breakout-why-dips-turned-attractive","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-signals-bullish-breakout-why-dips-turned-attractive\/","title":{"rendered":"Ethereum Price Signals Bullish Breakout, Why Dips Turned Attractive"},"content":{"rendered":"<p><em>Ethereum price rallied over 10% and broke the $1,600 resistance against the US Dollar. ETH could continue to rise if it stays above the $1,580 support zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a major increase above the $1,565 resistance zone.<\/li>\n<li>The price is trading above $1,580 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a crucial bearish trend line with resistance near $1,480 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could correct lower, but dips might be limited below the $1,580 support.<\/li>\n<\/ul>\n<h2>Ethereum Price Surges Over 10%<\/h2>\n<p>Ethereum price spiked towards the $1,370, where the bulls took a stand. ETH formed a base and started a strong increase above the $1,450 resistance, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rallies-10-22k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a>.<\/p>\n<p>There was a clear move above the $1,500 and $1,565 resistance levels. Besides, there was a break above a crucial bearish trend line with resistance near $1,480 on the hourly chart of ETH\/USD. Finally, the pair surpassed the $1,600 resistance and traded as high as $1,636.<\/p>\n<p>Ether price is now trading above $1,580 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-nosedives-1400\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. It is consolidating gains and trading above the 23.6% Fib retracement level of the upward move from the $1,370 swing low to $1,636 high.<\/p>\n<p>On the upside, the price is facing resistance near the $1,630 zone. The first major resistance is near the $1,680 zone. The next major resistance is near the $1,700 level.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-522767\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-8.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/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=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>The main resistance is still near the $1,740 zone. A close above the $1,740 resistance zone might start a major uptrend. In this case, the price may perhaps rise towards the $1,850 resistance level.<\/p>\n<h2>Dips Limited in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,630 resistance, it could start a downside correction. An initial support on the downside is near the $1,580 level.<\/p>\n<p>The next major support is near the $1,560 zone. If there is a break below $1,560, the price might drop towards $1,500. It is near the 50% Fib retracement level of the upward move from the $1,370 swing low to $1,636 high. Any more losses might call for a test of the $1,430 level.<\/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 in the overbought zone.<\/p>\n<p>Major Support Level \u2013 $1,580<\/p>\n<p>Major Resistance Level \u2013 $1,630<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price rallied over 10% and broke the $1,600 resistance against the US Dollar. ETH could continue to rise if it stays above the $1,580 support zone. Ethereum started a major increase above the $1,565 resistance zone. The price is trading above $1,580 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $1,480 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but dips might be limited below the $1,580 support. Ethereum Price Surges Over 10% Ethereum price spiked towards the $1,370, where the bulls took a stand. ETH formed a base and started a strong increase above the $1,450 resistance, similar to bitcoin. There was a clear move above the $1,500 and $1,565 resistance levels. Besides, there was a break above a crucial bearish trend line with resistance near $1,480 on the hourly chart of ETH\/USD. Finally, the pair surpassed the $1,600 resistance and traded as high as $1,636. Ether price is now trading above $1,580 and the 100 hourly simple moving average. It is consolidating gains and trading above the 23.6% Fib retracement level of the upward move from the $1,370 swing low to $1,636 high. On the upside, the price is facing resistance near the $1,630 zone. The first major resistance is near the $1,680 zone. The next major resistance is near the $1,700 level. Source: ETHUSD on TradingView.com The main resistance is still near the $1,740 zone. A close above the $1,740 resistance zone might start a major uptrend. In this case, the price may perhaps rise towards the $1,850 resistance level. Dips Limited in ETH? If ethereum fails to clear the $1,630 resistance, it could start a downside correction. An initial support on the downside is near the $1,580 level. The next major support is near the $1,560 zone. If there is a break below $1,560, the price might drop towards $1,500. It is near the 50% Fib retracement level of the upward move from the $1,370 swing low to $1,636 high. Any more losses might call for a test of the $1,430 level. 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 in the overbought zone. Major Support Level \u2013 $1,580 Major Resistance Level \u2013 $1,630<\/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-522766","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 Signals Bullish Breakout, Why Dips Turned Attractive<\/title>\n<meta name=\"description\" content=\"Ethereum price rallied over 10% and broke the $1,600 resistance against the US Dollar. 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