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{"id":553685,"date":"2023-10-02T04:43:01","date_gmt":"2023-10-02T04:43:01","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=553685"},"modified":"2024-06-11T14:29:46","modified_gmt":"2024-06-11T14:29:46","slug":"ethereum-price-increase-1750","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ethereum\/ethereum-price-increase-1750\/","title":{"rendered":"Ethereum Price Increase Could Soon Fade If ETH Fails To Surpass $1,750"},"content":{"rendered":"

Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance.<\/em><\/p>\n

\n
Ethereum is attempting a fresh increase above the $1,720 level.<\/li>\n
The price is trading above $1,700 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to rise if it clears the $1,750 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Gains Traction<\/h2>\n
Ethereum\u2019s price settled above the $1,650 level. ETH formed a base above $1,650 and recently started a decent increase above the $1,700 level, like Bitcoin<\/a>.<\/p>\n
There was a move above the $1,720 resistance level and the price tested the $1,750 zone. A high was formed near $1,756 and there was a minor downside correction. The price declined below the $1,735 level. However, it is still above the 50% Fib retracement level of the recent rally from the $1,668 swing low to the $1,756 high.<\/p>\n
Ethereum is trading above $1,700 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price might face resistance near the $1,750 level. There is also a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next major resistance is $1,800. A clear move above the $1,800 resistance zone could set the pace for a larger increase. In the stated case, the price could visit the $1,850 resistance. The next key resistance might be $1,920. Any more gains might open the doors for a move toward $2,000.<\/p>\n
Are Dips Supported in ETH?<\/h2>\n
If Ethereum fails to clear the $1,750 resistance, it could start a downside correction. Initial support on the downside is near the $1,710 level. The next key support is $1,680.<\/p>\n
The 76.4% Fib retracement level of the recent rally from the $1,668 swing low to the $1,756 high is also near $1,685 to provide support, below which the price could test the $1,650 support. A downside break below the $1,650 support might start another bearish wave. In the stated case, there could be a drop toward the $1,600 level.<\/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 above the 50 level.<\/p>\n
Major Support Level \u2013 $1,700<\/p>\n
Major Resistance Level \u2013 $1,750<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance. Ethereum is attempting a fresh increase above the $1,720 level. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,750 resistance zone. Ethereum Price Gains Traction Ethereum\u2019s price settled above the $1,650 level. ETH formed a base above $1,650 and recently started a decent increase above the $1,700 level, like Bitcoin. There was a move above the $1,720 resistance level and the price tested the $1,750 zone. A high was formed near $1,756 and there was a minor downside correction. The price declined below the $1,735 level. However, it is still above the 50% Fib retracement level of the recent rally from the $1,668 swing low to the $1,756 high. Ethereum is trading above $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,750 level. There is also a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The next major resistance is $1,800. A clear move above the $1,800 resistance zone could set the pace for a larger increase. In the stated case, the price could visit the $1,850 resistance. The next key resistance might be $1,920. Any more gains might open the doors for a move toward $2,000. Are Dips Supported in ETH? If Ethereum fails to clear the $1,750 resistance, it could start a downside correction. Initial support on the downside is near the $1,710 level. The next key support is $1,680. The 76.4% Fib retracement level of the recent rally from the $1,668 swing low to the $1,756 high is also near $1,685 to provide support, below which the price could test the $1,650 support. A downside break below the $1,650 support might start another bearish wave. In the stated case, there could be a drop toward the $1,600 level. 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 above the 50 level. Major Support Level \u2013 $1,700 Major Resistance Level \u2013 $1,750<\/p>\n","protected":false},"author":67,"featured_media":459902,"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-553685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Increase Could Soon Fade If ETH Fails To Surpass $1,750<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting a fresh increase above $1,720 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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