{"id":16204,"date":"2023-01-17T04:53:49","date_gmt":"2023-01-17T08:53:49","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=16204"},"modified":"2023-01-17T04:53:49","modified_gmt":"2023-01-17T08:53:49","slug":"ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/17\/ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet\/","title":{"rendered":"Ethereum Price Gearing For Lift-Off to $1,800: Rally Isn\u2019t Over Yet"},"content":{"rendered":"

Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level.<\/em><\/p>\n

Ethereum started a decent increase above the $1,500 and $1,520 resistance levels.
\nThe price is now trading above $1,520 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further unless there is a downside correction below the $1,520 support.<\/p>\n

Ethereum Price Remains In Uptrend<\/h2>\n

Ethereum price started a strong increase above the $1,450 resistance<\/a>. ETH was able to clear the $1,500 resistance zone to move further into a positive zone, similar to bitcoin above $20,500.<\/p>\n

The price even surpassed the $1,550 resistance zone and tested $1,600. A high is formed near $1,606 and the price is now consolidating gains. There was a minor decline below the 50% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.<\/p>\n

However, the bulls were active above the $1,540 support. It even remained stable above the 76.4% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.<\/p>\n

Ether price is now trading above $1,520 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,590 level. The next major resistance is near the $1,620 level. An upside break above the $1,620 resistance zone could start a fresh rally.<\/p>\n

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

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

In the stated case, the price may perhaps rise towards the $1,700 resistance. Any more gains might send the price towards $1,750 or even $1,800 in the near term.<\/p>\n

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

If ethereum fails to clear the $1,620 resistance, it could start a downside correction. An initial support on the downside is near the $1,555 level and the trend line.<\/p>\n

The next major support is near the $1,520 level. If there is a move below $1,520, the price might test the $1,450 support. Any more losses might call for a test of the $1,350 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 $1,520<\/p>\n

Major Resistance Level \u2013 $1,620<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level.<\/em><\/p>\n

Ethereum started a decent increase above the $1,500 and $1,520 resistance levels.
\nThe price is now trading above $1,520 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further unless there is a downside correction below the $1,520 support.<\/p>\n

Ethereum Price Remains In Uptrend<\/h2>\n

Ethereum price started a strong increase above the $1,450 resistance<\/a>. ETH was able to clear the $1,500 resistance zone to move further into a positive zone, similar to bitcoin above $20,500.<\/p>\n

The price even surpassed the $1,550 resistance zone and tested $1,600. A high is formed near $1,606 and the price is now consolidating gains. There was a minor decline below the 50% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.<\/p>\n

However, the bulls were active above the $1,540 support. It even remained stable above the 76.4% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.<\/p>\n

Ether price is now trading above $1,520 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,550 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,590 level. The next major resistance is near the $1,620 level. An upside break above the $1,620 resistance zone could start a fresh rally.<\/p>\n

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

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

In the stated case, the price may perhaps rise towards the $1,700 resistance. Any more gains might send the price towards $1,750 or even $1,800 in the near term.<\/p>\n

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

If ethereum fails to clear the $1,620 resistance, it could start a downside correction. An initial support on the downside is near the $1,555 level and the trend line.<\/p>\n

The next major support is near the $1,520 level. If there is a move below $1,520, the price might test the $1,450 support. Any more losses might call for a test of the $1,350 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 $1,520<\/p>\n

Major Resistance Level \u2013 $1,620<\/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-16204","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\/16204","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=16204"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/16204\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=16204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=16204"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=16204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}