{"id":548620,"date":"2023-08-24T05:02:51","date_gmt":"2023-08-24T05:02:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=548620"},"modified":"2024-06-11T09:38:32","modified_gmt":"2024-06-11T09:38:32","slug":"ethereum-price-liftoff-1700","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-liftoff-1700\/","title":{"rendered":"Ethereum Price Could See \u201cLiftoff\u201d if It\u2019s Able to Clear One Crucial Level"},"content":{"rendered":"<p><em>Ethereum price is recovering above the $1,650 resistance against the US Dollar. ETH could rise further if there is a clear move above the $1,700 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is moving higher above the $1,650 and $1,660 levels.<\/li>\n<li>The price is trading above $1,670 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $1,660 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $1,700 and $1,720 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Steady Recovery<\/h2>\n<p>Ethereum\u2019s price formed a support base above the $1,580 and $1,600 levels. ETH started a recovery wave and was able to rise above the $1,650 resistance, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-recovery-26500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a break above a key bearish trend line with resistance near $1,660 on the hourly chart of ETH\/USD. The pair is now struggling to clear the $1,700 resistance zone. A high is formed near $1,698 and the price is consolidating gains.<\/p>\n<p>Ether is trading above $1,670 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-grinds-lower-1550\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. It is also near the 23.6% Fib retracement level of the recent increase from the $1,580 swing low to the $1,698 high.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-548621\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?resize=1024%2C468\" alt=\"Ethereum Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/Ethereum-10.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/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>On the upside, the price might face resistance near the $1,700 level. The next resistance is near the $1,720 zone. A successful close above the $1,700 and $1,720 levels could start a fresh lift-off. The next major resistance is near the $1,780 level. Any more gains might send the price toward the $1,820 resistance.<\/p>\n<h2>Another Drop in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,670 level and the 100-hourly Simple Moving Average.<\/p>\n<p>The first major support is near the $1,550 zone. The next key support is near the 50% Fib retracement level of the recent increase from the $1,580 swing low to the $1,698 high at $1,640. If there is a downside break below $1,640, there could be more losses. The next major support is near the $1,600 support level. Any more losses might send the price toward the $1,580 level or even to a new low below $1,550.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $1,640<\/p>\n<p>Major Resistance Level \u2013 $1,700<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is recovering above the $1,650 resistance against the US Dollar. ETH could rise further if there is a clear move above the $1,700 resistance. Ethereum is moving higher above the $1,650 and $1,660 levels. The price is trading above $1,670 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,660 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,700 and $1,720 resistance levels. Ethereum Price Eyes Steady Recovery Ethereum\u2019s price formed a support base above the $1,580 and $1,600 levels. ETH started a recovery wave and was able to rise above the $1,650 resistance, like Bitcoin. There was a break above a key bearish trend line with resistance near $1,660 on the hourly chart of ETH\/USD. The pair is now struggling to clear the $1,700 resistance zone. A high is formed near $1,698 and the price is consolidating gains. Ether is trading above $1,670 and the 100-hourly Simple Moving Average. It is also near the 23.6% Fib retracement level of the recent increase from the $1,580 swing low to the $1,698 high. Source: ETHUSD on TradingView.com On the upside, the price might face resistance near the $1,700 level. The next resistance is near the $1,720 zone. A successful close above the $1,700 and $1,720 levels could start a fresh lift-off. The next major resistance is near the $1,780 level. Any more gains might send the price toward the $1,820 resistance. Another Drop in ETH? If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,670 level and the 100-hourly Simple Moving Average. The first major support is near the $1,550 zone. The next key support is near the 50% Fib retracement level of the recent increase from the $1,580 swing low to the $1,698 high at $1,640. If there is a downside break below $1,640, there could be more losses. The next major support is near the $1,600 support level. Any more losses might send the price toward the $1,580 level or even to a new low below $1,550. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,640 Major Resistance Level \u2013 $1,700<\/p>\n","protected":false},"author":67,"featured_media":504752,"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-548620","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 Could See \u201cLiftoff\u201d if It\u2019s Able to Clear One Crucial Level<\/title>\n<meta name=\"description\" content=\"Ethereum price is recovering above the $1,650 resistance against the US Dollar. 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