{"id":15978,"date":"2023-01-13T04:53:54","date_gmt":"2023-01-13T08:53:54","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=15978"},"modified":"2023-01-13T04:53:54","modified_gmt":"2023-01-13T08:53:54","slug":"ethereum-price-consolidates-near-1400-as-the-bulls-aim-1500","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/13\/ethereum-price-consolidates-near-1400-as-the-bulls-aim-1500\/","title":{"rendered":"Ethereum Price Consolidates Near $1,400 As The Bulls Aim $1,500"},"content":{"rendered":"

Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level.<\/em><\/p>\n

Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels.
\nThe price is now trading above $1,400 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further unless there is a clear move below the $1,350 support.<\/p>\n

Ethereum Price Turns Green<\/h2>\n

Ethereum price started a strong increase above the $1,320 resistance. ETH was able to clear the $1,350 resistance zone to move into a positive zone, similar to bitcoin<\/a> above $17,200.<\/p>\n

The price even climbed above the $1,400 resistance zone. A high is formed near $1,437 and the price is now consolidating gains. Ether price is now trading above $1,400 and the 100 hourly simple moving average. There is also a major bullish trend line<\/a> forming with support near $1,365 on the hourly chart of ETH\/USD.<\/p>\n

Recently, there was a downside correction below the $1,420 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high.<\/p>\n

However, the price is stable near the $1,400 zone. An immediate resistance is near the $1,435 level. The next major resistance is near the $1,500 level. An upside break above the $1,500 resistance zone could set the pace for more gains.<\/p>\n

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

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

In the stated case, the price may perhaps rise towards the $1,550 resistance. Any more gains might send the price towards $1,600 or even $1,620 in the near term.<\/p>\n

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

If ethereum fails to clear the $1,430 resistance, it could start a downside correction. An initial support on the downside is near the $1,394 level.<\/p>\n

The next major support is near the $1,370 level and the trend line. It is near the 76.4% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high. If there is a move below $1,370, the price might test the $1,350 support. Any more losses might call for a test of the $1,300 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing 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 $1,370<\/p>\n

Major Resistance Level \u2013 $1,430<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level.<\/em><\/p>\n

Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels.
\nThe price is now trading above $1,400 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further unless there is a clear move below the $1,350 support.<\/p>\n

Ethereum Price Turns Green<\/h2>\n

Ethereum price started a strong increase above the $1,320 resistance. ETH was able to clear the $1,350 resistance zone to move into a positive zone, similar to bitcoin<\/a> above $17,200.<\/p>\n

The price even climbed above the $1,400 resistance zone. A high is formed near $1,437 and the price is now consolidating gains. Ether price is now trading above $1,400 and the 100 hourly simple moving average. There is also a major bullish trend line<\/a> forming with support near $1,365 on the hourly chart of ETH\/USD.<\/p>\n

Recently, there was a downside correction below the $1,420 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high.<\/p>\n

However, the price is stable near the $1,400 zone. An immediate resistance is near the $1,435 level. The next major resistance is near the $1,500 level. An upside break above the $1,500 resistance zone could set the pace for more gains.<\/p>\n

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

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

In the stated case, the price may perhaps rise towards the $1,550 resistance. Any more gains might send the price towards $1,600 or even $1,620 in the near term.<\/p>\n

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

If ethereum fails to clear the $1,430 resistance, it could start a downside correction. An initial support on the downside is near the $1,394 level.<\/p>\n

The next major support is near the $1,370 level and the trend line. It is near the 76.4% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high. If there is a move below $1,370, the price might test the $1,350 support. Any more losses might call for a test of the $1,300 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing 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 $1,370<\/p>\n

Major Resistance Level \u2013 $1,430<\/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-15978","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\/15978","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=15978"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15978\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15978"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}