{"id":553466,"date":"2023-09-29T04:29:55","date_gmt":"2023-09-29T04:29:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=553466"},"modified":"2024-06-11T09:09:27","modified_gmt":"2024-06-11T09:09:27","slug":"ethereum-price-breakout-1620","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-breakout-1620\/","title":{"rendered":"Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key"},"content":{"rendered":"<p><em>Ethereum price is attempting a fresh increase above $1,650 against the US Dollar. ETH could accelerate higher if it clears the $1,670 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is attempting a fresh increase above the $1,620 level.<\/li>\n<li>The price is trading above $1,620 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support near $1,645 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $1,670 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Climbs Higher<\/h2>\n<p>Ethereum\u2019s price formed a base above the $1,580 level. ETH remained stable and climbed above the $1,620 resistance zone to move into a positive zone, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-breaks-higher-27200\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a move above the $1,650 level but upsides were limited. A high was formed near $1,667 and there was a minor downside correction. The price is now trading near the 23.6% Fib retracement level of the upward move from the $1,583 swing low to the $1,667 high.<\/p>\n<p>Ethereum is trading above $1,640 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-faces-rejection-1620\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support near $1,645 on the hourly chart of ETH\/USD.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-553467\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?resize=1024%2C458\" alt=\"Ethereum Price \" width=\"1024\" height=\"458\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-20.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 might face resistance near the $1,670 level. The next major resistance is $1,720. A clear move above the $1,720 resistance zone could set the pace for a larger increase. In the stated case, the price could visit the $1,800 resistance. The next key resistance might be $1,820. Any more gains might open the doors for a move toward $1,880.<\/p>\n<h2>Are Dips Limited in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,670 resistance, it could a downside correction. Initial support on the downside is near the $1,645 level and the trend line.<\/p>\n<p>The next key support is $1,620 or the, below which the price could test the $1,600 support. A downside break below the $1,600 support might start another bearish wave. In the stated case, there could be a drop toward the $1,540 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is 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 $1,620<\/p>\n<p>Major Resistance Level \u2013 $1,670<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is attempting a fresh increase above $1,650 against the US Dollar. ETH could accelerate higher if it clears the $1,670 resistance. Ethereum is attempting a fresh increase above the $1,620 level. The price is trading above $1,620 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,645 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,670 resistance zone. Ethereum Price Climbs Higher Ethereum\u2019s price formed a base above the $1,580 level. ETH remained stable and climbed above the $1,620 resistance zone to move into a positive zone, like Bitcoin. There was a move above the $1,650 level but upsides were limited. A high was formed near $1,667 and there was a minor downside correction. The price is now trading near the 23.6% Fib retracement level of the upward move from the $1,583 swing low to the $1,667 high. Ethereum is trading above $1,640 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,645 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, the price might face resistance near the $1,670 level. The next major resistance is $1,720. A clear move above the $1,720 resistance zone could set the pace for a larger increase. In the stated case, the price could visit the $1,800 resistance. The next key resistance might be $1,820. Any more gains might open the doors for a move toward $1,880. Are Dips Limited in ETH? If Ethereum fails to clear the $1,670 resistance, it could a downside correction. Initial support on the downside is near the $1,645 level and the trend line. The next key support is $1,620 or the, below which the price could test the $1,600 support. A downside break below the $1,600 support might start another bearish wave. In the stated case, there could be a drop toward the $1,540 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,620 Major Resistance Level \u2013 $1,670<\/p>\n","protected":false},"author":67,"featured_media":510573,"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":[65296,1946,8686,78803],"class_list":["post-553466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting a fresh increase above $1,650 against the US Dollar. 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