{"id":467031,"date":"2021-07-07T05:28:03","date_gmt":"2021-07-07T05:28:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=467031"},"modified":"2024-06-11T11:19:27","modified_gmt":"2024-06-11T11:19:27","slug":"ethereum-another-lift-off-2500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-another-lift-off-2500\/","title":{"rendered":"TA: Ethereum Gearing For Another Lift-Off, Why Rally Isn’t Over Yet"},"content":{"rendered":"
Ethereum started a fresh increase above the $2,300 resistance against the US Dollar. ETH price is likely to accelerate higher above the $2,400 and $2,500 resistance levels.<\/em><\/p>\n
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Ethereum is showing a lot of positive signs above the $2,250 pivot zone.<\/li>\n
The price is now trading above $2,300 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major contracting triangle with resistance near $2,330 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair seems to be aiming a larger increase above the $2,400 resistance zone in the near term.<\/li>\n<\/ul>\n
Ethereum Price Eyes Fresh Increase<\/h2>\n
After a minor downside correction, ethereum found support near the $2,150 zone. ETH recovered losses and it later formed a decent support base above the $2,200 zone.<\/p>\n
It started a fresh increase above the $2,250 resistance level. There was a clear break above the 76.4% Fib retracement level of the key decline from the $2,388 high to $2,158 low. There was also a break above a major contracting triangle with resistance near $2,330 on the hourly chart of ETH\/USD.<\/p>\n