{"id":15256,"date":"2023-01-04T03:55:47","date_gmt":"2023-01-04T07:55:47","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=15256"},"modified":"2023-01-04T03:55:47","modified_gmt":"2023-01-04T07:55:47","slug":"ethereum-price-gains-momentum-why-eth-could-rise-to-1300","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/04\/ethereum-price-gains-momentum-why-eth-could-rise-to-1300\/","title":{"rendered":"Ethereum Price Gains Momentum, Why ETH Could Rise To $1,300"},"content":{"rendered":"

Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels.<\/em><\/p>\n

Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels.
\nThe price is now trading above $1,200 and the 100 hourly simple moving average.
\nThere is a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if there is a clear move above the $1,250 resistance.<\/p>\n

Ethereum Price Starts Increase<\/h2>\n

Ethereum price remained well bid<\/a> above the $1,200 level. ETH bull were active and defended heavy losses below the $1,180 level. The price started a decent increase above the $1,220 level, similar to bitcoin.<\/p>\n

A low was formed near the $1,204 and the price climbed above the $1,220 level. The price even climbed above the $1,230 level and is currently showing a lot of positive signs. The price is now showing a lot of bullish signs above the $1,220 level.<\/p>\n

Ether price is also trading above $1,200 and the 100 hourly simple moving average<\/a>. There is also a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD. The pair seems to be consolidating above the 23.6% Fib retracement level of the recent wave from the $1,204 swing low to $1,233 high.<\/p>\n

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

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

An immediate resistance is near the $1,250 level. The next major resistance is near the $1,265 level. A close above the $1,265 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,300 resistance. The next major resistance could be $1,350, above which the price might rise towards the $1,400 resistance zone.<\/p>\n

Dips Supported in ETH?<\/h2>\n

If ethereum fails to climb above the $1,250 resistance, it could start another drop. An initial support on the downside is near the $1,220 level.<\/p>\n

The next major support is near the $1,200 level. A downside break below $1,200 might send the price towards the $1,180 support. Any more losses might call for a test of the $1,100 zone.<\/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 $1,200<\/p>\n

Major Resistance Level \u2013 $1,250<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels.<\/em><\/p>\n

Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels.
\nThe price is now trading above $1,200 and the 100 hourly simple moving average.
\nThere is a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if there is a clear move above the $1,250 resistance.<\/p>\n

Ethereum Price Starts Increase<\/h2>\n

Ethereum price remained well bid<\/a> above the $1,200 level. ETH bull were active and defended heavy losses below the $1,180 level. The price started a decent increase above the $1,220 level, similar to bitcoin.<\/p>\n

A low was formed near the $1,204 and the price climbed above the $1,220 level. The price even climbed above the $1,230 level and is currently showing a lot of positive signs. The price is now showing a lot of bullish signs above the $1,220 level.<\/p>\n

Ether price is also trading above $1,200 and the 100 hourly simple moving average<\/a>. There is also a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH\/USD. The pair seems to be consolidating above the 23.6% Fib retracement level of the recent wave from the $1,204 swing low to $1,233 high.<\/p>\n

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

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

An immediate resistance is near the $1,250 level. The next major resistance is near the $1,265 level. A close above the $1,265 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,300 resistance. The next major resistance could be $1,350, above which the price might rise towards the $1,400 resistance zone.<\/p>\n

Dips Supported in ETH?<\/h2>\n

If ethereum fails to climb above the $1,250 resistance, it could start another drop. An initial support on the downside is near the $1,220 level.<\/p>\n

The next major support is near the $1,200 level. A downside break below $1,200 might send the price towards the $1,180 support. Any more losses might call for a test of the $1,100 zone.<\/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 $1,200<\/p>\n

Major Resistance Level \u2013 $1,250<\/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-15256","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\/15256","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=15256"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15256\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15256"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}