{"id":13332,"date":"2022-12-05T05:52:35","date_gmt":"2022-12-05T09:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=13332"},"modified":"2022-12-05T05:52:35","modified_gmt":"2022-12-05T09:52:35","slug":"ethereum-price-prints-bullish-signal-what-are-possible-bulls-targets","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/05\/ethereum-price-prints-bullish-signal-what-are-possible-bulls-targets\/","title":{"rendered":"Ethereum Price Prints Bullish Signal, What Are Possible Bulls Targets"},"content":{"rendered":"

Ethereum gained pace and retested the $1,300 resistance zone against the US Dollar. ETH is eyeing more gains towards the $1,330 and $1,350 levels.<\/em><\/p>\n

Ethereum remained well bid above the $1,240 level and resumed its increase.
\nThe price is now trading above $1,250 and the 100 hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum once it settles above the $1,300 resistance zone.<\/p>\n

Ethereum Price Gains Momentum<\/h2>\n

Ethereum price corrected lower<\/a> once from the $1,300 resistance zone. ETH declined below the $1,280 support level. However, the bulls were active above the $1,240 level and the 100 hourly simple moving average, similar to bitcoin.<\/p>\n

The price traded as low as $1,238 and recently started a fresh increase. Ether price traded above the $1,275 and $1,280 resistance levels<\/a>. It cleared the 76.4% Fib retracement level of the downward move from the $1,296 swing high to $1,238 low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH\/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average.<\/p>\n

An immediate resistance on the upside is near the $1,310 level. The first major resistance is near the $1,332 level. It is near the 1.618 Fib extension level of the downward move from the $1,296 swing high to $1,238 low. A close above the $1,332 resistance might send the price further higher.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

The next major resistance is near the $1,350 level, above which ether price might test $1,400. Any more gains might send the price towards the $1,500 resistance zone.<\/p>\n

Less Downsides in ETH?<\/h2>\n

If ethereum fails to start another increase above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the broken trend line.<\/p>\n

The next major support is near the $1,265 level or the 100 hourly simple moving average. If there is a break below $1,265, the price could test the $1,240 support. Any more losses could lead the price towards the $1,200 support.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n

Major Support Level \u2013 $1,265<\/p>\n

Major Resistance Level \u2013 $1,310<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum gained pace and retested the $1,300 resistance zone against the US Dollar. ETH is eyeing more gains towards the $1,330 and $1,350 levels.<\/em><\/p>\n

Ethereum remained well bid above the $1,240 level and resumed its increase.
\nThe price is now trading above $1,250 and the 100 hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum once it settles above the $1,300 resistance zone.<\/p>\n

Ethereum Price Gains Momentum<\/h2>\n

Ethereum price corrected lower<\/a> once from the $1,300 resistance zone. ETH declined below the $1,280 support level. However, the bulls were active above the $1,240 level and the 100 hourly simple moving average, similar to bitcoin.<\/p>\n

The price traded as low as $1,238 and recently started a fresh increase. Ether price traded above the $1,275 and $1,280 resistance levels<\/a>. It cleared the 76.4% Fib retracement level of the downward move from the $1,296 swing high to $1,238 low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH\/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average.<\/p>\n

An immediate resistance on the upside is near the $1,310 level. The first major resistance is near the $1,332 level. It is near the 1.618 Fib extension level of the downward move from the $1,296 swing high to $1,238 low. A close above the $1,332 resistance might send the price further higher.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

The next major resistance is near the $1,350 level, above which ether price might test $1,400. Any more gains might send the price towards the $1,500 resistance zone.<\/p>\n

Less Downsides in ETH?<\/h2>\n

If ethereum fails to start another increase above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the broken trend line.<\/p>\n

The next major support is near the $1,265 level or the 100 hourly simple moving average. If there is a break below $1,265, the price could test the $1,240 support. Any more losses could lead the price towards the $1,200 support.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n

Major Support Level \u2013 $1,265<\/p>\n

Major Resistance Level \u2013 $1,310<\/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-13332","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\/13332","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=13332"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13332\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=13332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=13332"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=13332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}