{"id":497034,"date":"2022-07-29T14:10:31","date_gmt":"2022-07-29T14:10:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=497034"},"modified":"2022-07-29T13:11:37","modified_gmt":"2022-07-29T13:11:37","slug":"ethereum-barrels-past-1700","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-barrels-past-1700\/","title":{"rendered":"Ethereum Barrels Past $1,700 \u2013 Next Target: $2,000"},"content":{"rendered":"

Ethereum (ETH) price overshoots above $1,700 hinting a bullish momentum. And everyone was blown away.<\/span><\/p>\n

James Seyffart, Bloomberg Intelligence research analyst, was impressed: \u201cEthereum just flew right through resistance there.\u201d\u00a0 <\/span><\/p>\n

Bitcoin, Ethereum, and other cryptocurrencies have soared following the Fed interest rate hike of 0.75%. It was indeed an optimistic kind of domino effect for the crypto space.<\/span><\/p>\n

Related Reading: Polkadot (DOT) Grinds 15% Higher Amid Sustained Buying<\/a><\/div>\n

Can ETH Stay Above $1,700?<\/b><\/h2>\n

Now, that ETH was able to do the inconceivable, all that\u2019s left for ETH to do is to maintain that momentum and do everything in its power to stay above the $1,700 line.<\/span><\/p>\n

More so, Nasdaq Composite stocks were also up by 2.67% on Thursday despite the U.S. economic slump revealed in the GDP report. This is regarded to be Nasdaq\u2019s recent all-time high since April 2020. <\/span><\/p>\n

In addition, this is considered the biggest Nasdaq rate hike since December 16, 2008, wherein Ben Bernanke, Fed\u2019s ex-chairman shaved off the interest to almost zero in the middle of a global financial crisis.<\/span><\/p>\n

Ethereum is set to showcase a bull run in line with the merge event happening in September. ETH price shows a forking movement sliced between the two impulse waves which may result in some problems with holding ETH.<\/span><\/p>\n

A possible retracement towards the $1,270 level remains a possibility. A breach on the $1,250 level can invalidate this recent rally.<\/span><\/p>\n

The weekly forecast on ETH price is validated as the second largest crypto made it through the 1.5-1 trading setup.<\/span><\/p>\n

Related Reading: Bitcoin Makes Surprise Climb As Fed Discloses 0.75 Point Rate Bump<\/a><\/div>\n

Target Zone Hit July 28, Next Target: $2,000<\/b><\/h2>\n

Analysts have let in a couple of perspectives on July 22 regarding ETH\u2019s potential knife catch or v-shape retracement and liquidation.\u00a0 The knife catch may occur at the $1,300-$1,350 level or target the $1,900 zone after the decline.<\/span><\/p>\n

Invalidation of an upswing has been moved to $1,250 to create some space for adjustments and accuracy. In fact, analysts and experts recommend waiting for a breach that offshoots $1,460 to gain more confidence in trading ETH. And that happened recently.<\/span><\/p>\n

The first target zone was punched through on July 28. Traders who went with the big moves of ETH are currently gaining strides in profitability with the coin. ETH price was able to successfully validate its bull run as it swishes towards $1,900 in the short term.<\/span><\/p>\n

ETH may probably hit the $2,000 level and all it needs to do is stay afloat and hover above $1,700. The 2,000 level is the next potential target, with a resistance zone set at $2,158.<\/span><\/p>\n

<\/p>\n

ETH total market cap at $384 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from TIME, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) price overshoots above $1,700 hinting a bullish momentum. And everyone was blown away. James Seyffart, Bloomberg Intelligence research analyst, was impressed: \u201cEthereum just flew right through resistance there.\u201d\u00a0 Bitcoin, Ethereum, and other cryptocurrencies have soared following the Fed interest rate hike of 0.75%. It was indeed an optimistic kind of domino effect for the crypto space. Can ETH Stay Above $1,700? Now, that ETH was able to do the inconceivable, all that\u2019s left for ETH to do is to maintain that momentum and do everything in its power to stay above the $1,700 line. More so, Nasdaq Composite stocks were also up by 2.67% on Thursday despite the U.S. economic slump revealed in the GDP report. This is regarded to be Nasdaq\u2019s recent all-time high since April 2020. In addition, this is considered the biggest Nasdaq rate hike since December 16, 2008, wherein Ben Bernanke, Fed\u2019s ex-chairman shaved off the interest to almost zero in the middle of a global financial crisis. Ethereum is set to showcase a bull run in line with the merge event happening in September. ETH price shows a forking movement sliced between the two impulse waves which may result in some problems with holding ETH. A possible retracement towards the $1,270 level remains a possibility. A breach on the $1,250 level can invalidate this recent rally. The weekly forecast on ETH price is validated as the second largest crypto made it through the 1.5-1 trading setup. Target Zone Hit July 28, Next Target: $2,000 Analysts have let in a couple of perspectives on July 22 regarding ETH\u2019s potential knife catch or v-shape retracement and liquidation.\u00a0 The knife catch may occur at the $1,300-$1,350 level or target the $1,900 zone after the decline. Invalidation of an upswing has been moved to $1,250 to create some space for adjustments and accuracy. In fact, analysts and experts recommend waiting for a breach that offshoots $1,460 to gain more confidence in trading ETH. And that happened recently. The first target zone was punched through on July 28. Traders who went with the big moves of ETH are currently gaining strides in profitability with the coin. ETH price was able to successfully validate its bull run as it swishes towards $1,900 in the short term. ETH may probably hit the $2,000 level and all it needs to do is stay afloat and hover above $1,700. The 2,000 level is the next potential target, with a resistance zone set at $2,158. ETH total market cap at $384 billion on the daily chart | Source: TradingView.com Featured image from TIME, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625],"tags":[1144,8323,16163,65296,1946,8686],"class_list":["post-497034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-btcusd","tag-eth","tag-eth-price","tag-ethbtc","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\nEthereum Barrels Past $1,700 \u2013 Next Target: $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH) price overshoots above $1,700 hinting a bullish momentum. And everyone was blown away. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Barrels Past $1,700 \u2013 Next Target: $2,000","url":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-barrels-past-1700\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-barrels-past-1700\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Ethereum-24.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Ethereum-24.png?fit=791%2C518"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","eth","eth price","ethbtc","ethereum","ethusd"],"dateCreated":"2022-07-29T14:10:31Z","datePublished":"2022-07-29T14:10:31Z","dateModified":"2022-07-29T14:10:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Barrels Past $1,700 \\u2013 Next Target: $2,000\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-barrels-past-1700\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-barrels-past-1700\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Ethereum-24.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Ethereum-24.png?fit=791%2C518\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"eth\",\"eth price\",\"ethbtc\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2022-07-29T14:10:31Z\",\"datePublished\":\"2022-07-29T14:10:31Z\",\"dateModified\":\"2022-07-29T14:10:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Ethereum-24.png?fit=791%2C518","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497034"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=497034"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/497036"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=497034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=497034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=497034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}