Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone.<\/p>\n
Ethereum is holding the main breakdown support at $1,265.
\nThe price is now trading below $1,310 and the 100 hourly simple moving average.
\nThere is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent upward move if there is a clear move above $1,300 and $1,320.<\/p>\n
Ethereum Price Remains Supported<\/p>\n
Ethereum attempted a fresh increase above the $1,300 level, similar to bitcoin price<\/a>. ETH struggled to gain pace for a move above the $1,320 level.<\/p>\n The price traded as high as $1,310 and started a fresh decline. There was a move below the $1,300 support zone. It retested the $1,265 support zone. A low is formed near $1,270 and the price is now consolidating losses<\/a>. Ether price is now trading below $1,310 and the 100 hourly simple moving average.<\/p>\n An immediate resistance on the upside is near the $1,290 level. It is near the 50% Fib retracement level of the downward move from the $1,310 swing high to $1,270 low.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n The first major resistance is near the $1,295 level and the 100 hourly simple moving average. There is also a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price could start a strong increase.<\/p>\n Major Drop in ETH?<\/p>\n If ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,270 level.<\/p>\n The next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,220. Any more losses may perhaps push the price further lower towards the $1,200 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n Hourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\n Major Support Level \u2013 $1,265<\/p>\n Major Resistance Level \u2013 $1,300<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone.<\/p>\n Ethereum is holding the main breakdown support at $1,265. Ethereum Price Remains Supported<\/p>\n Ethereum attempted a fresh increase above the $1,300 level, similar to bitcoin price<\/a>. ETH struggled to gain pace for a move above the $1,320 level.<\/p>\n The price traded as high as $1,310 and started a fresh decline. There was a move below the $1,300 support zone. It retested the $1,265 support zone. A low is formed near $1,270 and the price is now consolidating losses<\/a>. Ether price is now trading below $1,310 and the 100 hourly simple moving average.<\/p>\n An immediate resistance on the upside is near the $1,290 level. It is near the 50% Fib retracement level of the downward move from the $1,310 swing high to $1,270 low.<\/p>\n
\nThe price is now trading below $1,310 and the 100 hourly simple moving average.
\nThere is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent upward move if there is a clear move above $1,300 and $1,320.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe first major resistance is near the $1,295 level and the 100 hourly simple moving average. There is also a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price could start a strong increase.<\/p>\nMajor Drop in ETH?<\/p>\nIf ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,270 level.<\/p>\nThe next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,220. Any more losses may perhaps push the price further lower towards the $1,200 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,265<\/p>\nMajor Resistance Level \u2013 $1,300<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone.<\/p>\nEthereum is holding the main breakdown support at $1,265.\nThe price is now trading below $1,310 and the 100 hourly simple moving average.\nThere is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start a decent upward move if there is a clear move above $1,300 and $1,320.<\/p>\nEthereum Price Remains Supported<\/p>\nEthereum attempted a fresh increase above the $1,300 level, similar to bitcoin price<\/a>. ETH struggled to gain pace for a move above the $1,320 level.<\/p>\nThe price traded as high as $1,310 and started a fresh decline. There was a move below the $1,300 support zone. It retested the $1,265 support zone. A low is formed near $1,270 and the price is now consolidating losses<\/a>. Ether price is now trading below $1,310 and the 100 hourly simple moving average.<\/p>\nAn immediate resistance on the upside is near the $1,290 level. It is near the 50% Fib retracement level of the downward move from the $1,310 swing high to $1,270 low.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe first major resistance is near the $1,295 level and the 100 hourly simple moving average. There is also a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price could start a strong increase.<\/p>\nMajor Drop in ETH?<\/p>\nIf ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,270 level.<\/p>\nThe next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,220. Any more losses may perhaps push the price further lower towards the $1,200 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,265<\/p>\nMajor Resistance Level \u2013 $1,300<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10262","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10262"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10262\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10262"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-18.png\"){kind=link}