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{"id":546587,"date":"2023-08-10T06:45:33","date_gmt":"2023-08-10T06:45:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=546587"},"modified":"2024-06-11T07:04:24","modified_gmt":"2024-06-11T07:04:24","slug":"ethereum-price-bullish-1880","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-bullish-1880\/","title":{"rendered":"Ethereum Price Prints Bullish Technical Pattern, Why Close Above $1,880 Is Critical"},"content":{"rendered":"

Ethereum price is aiming for a fresh increase above the $1,880 zone against the US Dollar. ETH could rally unless there is a close below the $1,830 support.<\/em><\/p>\n

\n
Ethereum is facing major resistance near $1,875 and $1,880.<\/li>\n
The price is trading above $1,830 and the 100-hourly Simple Moving Average.<\/li>\n
There is a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $1,860 and $1,880 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Holds Support<\/h2>\n
Ethereum\u2019s price started a decent increase from the $1,800 zone. ETH climbed above the $1,850 and $1,860 levels. However, the bears are still active near $1,880, similar to Bitcoin<\/a>.<\/p>\n
A high was formed near $1,876 and the price saw a downside correction. There was a move below the $1,860 level. The price declined below the 23.6% Fib retracement level of the upward move from the $1,800 swing low to the $1,876 high.<\/p>\n
Ether is now trading above $1,830 and the 100-hourly Simple Moving Average<\/a>. There is also a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
On the upside, immediate resistance is near the $1,860 level and the trend line. The first major resistance is near the $1,875 level. The next key resistance is near the $1,880 level, above which the price might rise toward the $1,920 zone. Any more gains might send the price toward the $2,000 hurdle. A close above the $2,000 level could set the pace for a larger increase.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,845 level and the 100-hourly Simple Moving Average.<\/p>\n
The first major support is near the $1,835 zone or the 50% Fib retracement level of the upward move from the $1,800 swing low to the $1,876 high, below which the price might test the $1,820 support zone. The next major support is near the $1,800 support level. Any more losses might start a strong decline to $1,720.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,830<\/p>\n
Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is aiming for a fresh increase above the $1,880 zone against the US Dollar. ETH could rally unless there is a close below the $1,830 support. Ethereum is facing major resistance near $1,875 and $1,880. The price is trading above $1,830 and the 100-hourly Simple Moving Average. There is a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,860 and $1,880 resistance levels. Ethereum Price Holds Support Ethereum\u2019s price started a decent increase from the $1,800 zone. ETH climbed above the $1,850 and $1,860 levels. However, the bears are still active near $1,880, similar to Bitcoin. A high was formed near $1,876 and the price saw a downside correction. There was a move below the $1,860 level. The price declined below the 23.6% Fib retracement level of the upward move from the $1,800 swing low to the $1,876 high. Ether is now trading above $1,830 and the 100-hourly Simple Moving Average. There is also a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $1,860 level and the trend line. The first major resistance is near the $1,875 level. The next key resistance is near the $1,880 level, above which the price might rise toward the $1,920 zone. Any more gains might send the price toward the $2,000 hurdle. A close above the $2,000 level could set the pace for a larger increase. Fresh Decline in ETH? If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,845 level and the 100-hourly Simple Moving Average. The first major support is near the $1,835 zone or the 50% Fib retracement level of the upward move from the $1,800 swing low to the $1,876 high, below which the price might test the $1,820 support zone. The next major support is near the $1,800 support level. Any more losses might start a strong decline to $1,720. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,830 Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"author":67,"featured_media":535412,"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-546587","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 Prints Bullish Technical Pattern, Why Close Above $1,880 Is Critical<\/title>\n<meta name=\"description\" content=\"Ethereum price is aiming for a fresh increase above the $1,880 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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