{"id":522061,"date":"2023-03-07T04:19:01","date_gmt":"2023-03-07T04:19:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=522061"},"modified":"2024-06-11T14:33:05","modified_gmt":"2024-06-11T14:33:05","slug":"ethereum-price-increase-1600","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-increase-1600\/","title":{"rendered":"Ethereum Price Breaking This Single Level Will Spark a Steady Increase"},"content":{"rendered":"<p><em>Ethereum price is consolidating losses above $1,540 against the US Dollar. ETH could rise if there is a clear move above the $1,580 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is consolidating losses above the $1,540 support zone.<\/li>\n<li>The price is trading near $1,580 and the 100 hourly simple moving average.<\/li>\n<li>There is a major bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could correct higher if there is a move above the $1,580 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Consolidates Losses<\/h2>\n<p>Ethereum price <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-decline-below-1540\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">found support near the $1,540 zone<\/a> and started a consolidation phase. ETH is slowly moving higher above the $1,560 level, similar to bitcoin.<\/p>\n<p>There was a break above the 23.6% Fib retracement level of the key drop from the $1,678 swing high to $1,542 low. There is also a major bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD.<\/p>\n<p>Ether price is now trading near $1,580 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-decline-1535\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. The price is rejected a few times near the $1,580 level. On the upside, the price is facing resistance near the $1,580 zone. The first major resistance is near the $1,600 zone.<\/p>\n<p>The next major resistance is near the $1,610 level. It is near the 50% Fib retracement level of the key drop from the $1,678 swing high to $1,542 low, above which the price might start a decent increase. The next major resistance is near the $1,670 zone.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-522062\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?resize=1950%2C1109\" alt=\"Ethereum Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-4.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>A close above the $1,670 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,740 level.<\/p>\n<h2>Fresh Decline in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,580 resistance, it could continue to move down. An initial support on the downside is near the $1,560 level and the trend line.<\/p>\n<p>The next major support is near the $1,540 zone. If there is a break below $1,540, the price might drop towards $1,500. Any more losses might call for a test of the $1,440 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining 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 $1,540<\/p>\n<p>Major Resistance Level \u2013 $1,580<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is consolidating losses above $1,540 against the US Dollar. ETH could rise if there is a clear move above the $1,580 resistance. Ethereum is consolidating losses above the $1,540 support zone. The price is trading near $1,580 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct higher if there is a move above the $1,580 resistance zone. Ethereum Price Consolidates Losses Ethereum price found support near the $1,540 zone and started a consolidation phase. ETH is slowly moving higher above the $1,560 level, similar to bitcoin. There was a break above the 23.6% Fib retracement level of the key drop from the $1,678 swing high to $1,542 low. There is also a major bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD. Ether price is now trading near $1,580 and the 100 hourly simple moving average. The price is rejected a few times near the $1,580 level. On the upside, the price is facing resistance near the $1,580 zone. The first major resistance is near the $1,600 zone. The next major resistance is near the $1,610 level. It is near the 50% Fib retracement level of the key drop from the $1,678 swing high to $1,542 low, above which the price might start a decent increase. The next major resistance is near the $1,670 zone. Source: ETHUSD on TradingView.com A close above the $1,670 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,740 level. Fresh Decline in ETH? If ethereum fails to clear the $1,580 resistance, it could continue to move down. An initial support on the downside is near the $1,560 level and the trend line. The next major support is near the $1,540 zone. If there is a break below $1,540, the price might drop towards $1,500. Any more losses might call for a test of the $1,440 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,540 Major Resistance Level \u2013 $1,580<\/p>\n","protected":false},"author":67,"featured_media":462317,"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":[8323,1946,8686,78803],"class_list":["post-522061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Breaking This Single Level Will Spark a Steady Increase<\/title>\n<meta name=\"description\" content=\"Ethereum price is consolidating losses above $1,540 against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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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