{"id":482547,"date":"2022-02-01T05:08:44","date_gmt":"2022-02-01T05:08:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=482547"},"modified":"2024-06-11T07:48:34","modified_gmt":"2024-06-11T07:48:34","slug":"ethereum-rallies-10-3k-likely","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-rallies-10-3k-likely\/","title":{"rendered":"TA: Ethereum Rallies 10%: Why More Gains Seem Possible"},"content":{"rendered":"
Ethereum started a steady increase above the $2,650 resistance against the US Dollar. ETH price could rise further if there is a clear move above the $2,800 level.<\/em><\/p>\n Ethereum remained well bid near the $2,500 level. As a result, ETH started a steady increase above the $2,600 resistance zone, similar to bitcoin<\/a>. The bulls pumped the price above the $2,650 barrier and the 100 hourly simple moving average.<\/p>\n The upward move was such that the price even moved above the $2,700 level. A high is formed near $2,766 and ether price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $2,478 swing low to $2,766 high.<\/p>\n Besides, there is a major bullish trend line forming with support near $2,580 on the hourly chart of ETH\/USD. The pair is also trading above $2,650 and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $2,780 level. The first major resistance is near the $2,800 level. A clear move above the $2,800 resistance might push the price further higher. In the stated case, the pair could even surpass the $2,850 level.<\/p>\n The next key hurdle could be $2,920, above which the bulls may perhaps aim a test of the key $3,000 resistance zone in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $2,780 level, it could start a downside correction. An initial support on the downside is near the $2,700 level.<\/p>\n The first key support is now forming near the $2,640 level. It is near the 50% Fib retracement level of the upward move from the $2,478 swing low to $2,766 high. If there is a downside break below the $2,640 level, the price move down towards the $2,500 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 50 level.<\/p>\n Major Support Level \u2013 $2,650<\/p>\n Major Resistance Level \u2013 $2,780<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a steady increase above the $2,650 resistance against the US Dollar. ETH price could rise further if there is a clear move above the $2,800 level. Ethereum gained pace above the $2,600 and $2,650 resistance levels. The price is still trading above $2,650 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,580 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend increase if it surpasses the $2,800 resistance zone. Ethereum Price Gains Momentum Ethereum remained well bid near the $2,500 level. As a result, ETH started a steady increase above the $2,600 resistance zone, similar to bitcoin. The bulls pumped the price above the $2,650 barrier and the 100 hourly simple moving average. The upward move was such that the price even moved above the $2,700 level. A high is formed near $2,766 and ether price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $2,478 swing low to $2,766 high. Besides, there is a major bullish trend line forming with support near $2,580 on the hourly chart of ETH\/USD. The pair is also trading above $2,650 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $2,780 level. The first major resistance is near the $2,800 level. A clear move above the $2,800 resistance might push the price further higher. In the stated case, the pair could even surpass the $2,850 level. The next key hurdle could be $2,920, above which the bulls may perhaps aim a test of the key $3,000 resistance zone in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $2,780 level, it could start a downside correction. An initial support on the downside is near the $2,700 level. The first key support is now forming near the $2,640 level. It is near the 50% Fib retracement level of the upward move from the $2,478 swing low to $2,766 high. If there is a downside break below the $2,640 level, the price move down towards the $2,500 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 50 level. Major Support Level \u2013 $2,650 Major Resistance Level \u2013 $2,780<\/p>\n","protected":false},"author":67,"featured_media":460417,"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":[1946,8686,78803],"class_list":["post-482547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Gains Momentum<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n