{"id":13678,"date":"2022-12-09T04:52:48","date_gmt":"2022-12-09T08:52:48","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=13678"},"modified":"2022-12-09T04:52:48","modified_gmt":"2022-12-09T08:52:48","slug":"ethereum-price-bulls-hold-strong-indicators-suggest-fresh-rally-to-1400","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/09\/ethereum-price-bulls-hold-strong-indicators-suggest-fresh-rally-to-1400\/","title":{"rendered":"Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400"},"content":{"rendered":"

Ethereum bulls defended the $1,220 support zone against the US Dollar. ETH is rising and might aim a strong bullish wave above the $1,300 resistance zone.<\/em><\/p>\n

Ethereum remained well bid and strong above the $1,220 zone.
\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 $1,245 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair is showing positive signs and might eye an upside break above the $1,300 resistance.<\/p>\n

Ethereum Price Remains Stable<\/h2>\n

Ethereum price extended its decline below the $1,250 level. ETH even moved below the $1,240 support level and the 100 hourly simple moving average, similar to bitcoin<\/a>.<\/p>\n

However, the bulls were active near the $1,220 support zone. They defended more losses and slowly ether price moved higher. There was a move above the $1,240 and $1,250 levels. There was a break above the 50% Fib retracement level of the key decline from the $1,304 swing high to $1,220 low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $1,245 on the hourly chart of ETH\/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average<\/a>.<\/p>\n

It is consolidating near the 76.4% Fib retracement level of the key decline from the $1,304 swing high to $1,220 low. An immediate resistance on the upside is near the $1,290 level. The first major resistance is near the $1,300 zone.<\/p>\n

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

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

A close above the $1,300 resistance might start a fresh increase. The next major resistance is near the $1,320 level, above which ether price could gain bullish momentum for a move to $1,400. Any more gains might send the price towards the $1,450 resistance zone.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If ethereum fails to climb above the $1,300 resistance, it could start another drop. An initial support on the downside is near the $1,260 level and the 100 hourly simple moving average.<\/p>\n

The next major support is near the $1,220 level. If there is a break and close below $1,220, the price could drop towards the $1,200 support. Any more losses could lead the price towards the $1,165 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 correcting from the overbought zone.<\/p>\n

Major Support Level \u2013 $1,220<\/p>\n

Major Resistance Level \u2013 $1,300<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum bulls defended the $1,220 support zone against the US Dollar. ETH is rising and might aim a strong bullish wave above the $1,300 resistance zone.<\/em><\/p>\n

Ethereum remained well bid and strong above the $1,220 zone.
\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 $1,245 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair is showing positive signs and might eye an upside break above the $1,300 resistance.<\/p>\n

Ethereum Price Remains Stable<\/h2>\n

Ethereum price extended its decline below the $1,250 level. ETH even moved below the $1,240 support level and the 100 hourly simple moving average, similar to bitcoin<\/a>.<\/p>\n

However, the bulls were active near the $1,220 support zone. They defended more losses and slowly ether price moved higher. There was a move above the $1,240 and $1,250 levels. There was a break above the 50% Fib retracement level of the key decline from the $1,304 swing high to $1,220 low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $1,245 on the hourly chart of ETH\/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average<\/a>.<\/p>\n

It is consolidating near the 76.4% Fib retracement level of the key decline from the $1,304 swing high to $1,220 low. An immediate resistance on the upside is near the $1,290 level. The first major resistance is near the $1,300 zone.<\/p>\n

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

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

A close above the $1,300 resistance might start a fresh increase. The next major resistance is near the $1,320 level, above which ether price could gain bullish momentum for a move to $1,400. Any more gains might send the price towards the $1,450 resistance zone.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If ethereum fails to climb above the $1,300 resistance, it could start another drop. An initial support on the downside is near the $1,260 level and the 100 hourly simple moving average.<\/p>\n

The next major support is near the $1,220 level. If there is a break and close below $1,220, the price could drop towards the $1,200 support. Any more losses could lead the price towards the $1,165 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 correcting from the overbought zone.<\/p>\n

Major Support Level \u2013 $1,220<\/p>\n

Major 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-13678","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\/13678","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=13678"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13678\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=13678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=13678"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=13678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}