{"id":15604,"date":"2023-01-09T07:05:50","date_gmt":"2023-01-09T11:05:50","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=15604"},"modified":"2023-01-09T07:05:50","modified_gmt":"2023-01-09T11:05:50","slug":"ethereum-price-climbs-above-1300-is-this-a-clear-bullish-signal","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/09\/ethereum-price-climbs-above-1300-is-this-a-clear-bullish-signal\/","title":{"rendered":"Ethereum Price Climbs Above $1,300, Is This A Clear Bullish Signal"},"content":{"rendered":"

Ethereum climbed higher and surpassed the $1,300 resistance zone against the US Dollar. ETH is consolidating gains and might aim more upsides towards the $1,400 resistance.<\/em><\/p>\n

Ethereum was able to gain pace for a move above the $1,275 and $1,280 resistance levels.
\nThe price is now trading above $1,280 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,270 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further if it stays above the $1,270 support zone.<\/p>\n

Ethereum Price Regains $1,300<\/h2>\n

Ethereum price started a decent increase above the $1,250 level. ETH gained pace and was able to clear the $1,275 resistance zone, similar to bitcoin<\/a>.<\/p>\n

The price even broke the $1,300 barrier to move into a bullish zone. A high is formed near $1,313 and the price is now consolidating gains. Ether price is clearly showing a lot of bullish signs above $1,280 and the 100 hourly simple moving average<\/a>.<\/p>\n

There is also a key bullish trend line forming with support near $1,270 on the hourly chart of ETH\/USD. It is positioned nicely above the 23.6% Fib retracement level of the recent rally from the $1,258 swing low to $1,313 high.<\/p>\n

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

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

An immediate resistance is near the $1,320 level. The next major resistance is near the $1,340 level. A clear move above the $1,340 resistance could another decent increase. In the stated case, the price may perhaps rise towards the $1,400 resistance. The next major resistance could be $1,450, above which the price could rise towards the $1,500 resistance zone.<\/p>\n

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

If ethereum fails to clear the $1,320 resistance, it could start a short-term downside correction. An initial support on the downside is near the $1,300 level.<\/p>\n

The next major support is near the $1,270 level and the trend line. It is near the 61.8% Fib retracement level of the recent rally from the $1,258 swing low to $1,313 high. A downside break below the trend line support might send the price towards the $1,250 support. Any more losses might call for a test of the $1,220 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 $1,270<\/p>\n

Major Resistance Level \u2013 $1,320<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum climbed higher and surpassed the $1,300 resistance zone against the US Dollar. ETH is consolidating gains and might aim more upsides towards the $1,400 resistance.<\/em><\/p>\n

Ethereum was able to gain pace for a move above the $1,275 and $1,280 resistance levels.
\nThe price is now trading above $1,280 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,270 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further if it stays above the $1,270 support zone.<\/p>\n

Ethereum Price Regains $1,300<\/h2>\n

Ethereum price started a decent increase above the $1,250 level. ETH gained pace and was able to clear the $1,275 resistance zone, similar to bitcoin<\/a>.<\/p>\n

The price even broke the $1,300 barrier to move into a bullish zone. A high is formed near $1,313 and the price is now consolidating gains. Ether price is clearly showing a lot of bullish signs above $1,280 and the 100 hourly simple moving average<\/a>.<\/p>\n

There is also a key bullish trend line forming with support near $1,270 on the hourly chart of ETH\/USD. It is positioned nicely above the 23.6% Fib retracement level of the recent rally from the $1,258 swing low to $1,313 high.<\/p>\n

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

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

An immediate resistance is near the $1,320 level. The next major resistance is near the $1,340 level. A clear move above the $1,340 resistance could another decent increase. In the stated case, the price may perhaps rise towards the $1,400 resistance. The next major resistance could be $1,450, above which the price could rise towards the $1,500 resistance zone.<\/p>\n

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

If ethereum fails to clear the $1,320 resistance, it could start a short-term downside correction. An initial support on the downside is near the $1,300 level.<\/p>\n

The next major support is near the $1,270 level and the trend line. It is near the 61.8% Fib retracement level of the recent rally from the $1,258 swing low to $1,313 high. A downside break below the trend line support might send the price towards the $1,250 support. Any more losses might call for a test of the $1,220 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 $1,270<\/p>\n

Major Resistance Level \u2013 $1,320<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-15604","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\/15604","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=15604"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15604\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15604"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}