Ethereum started an upside correction from the $880 zone against the US Dollar. ETH is rising and attempting an upside break above the $1,150 resistance zone.<\/p>\n
Ethereum started an upside correction above the $1,000 resistance zone.
\nThe price is now trading above $1,000 and the 100 hourly simple moving average.
\nThere is a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a steady increase if it clears the main $1,150 resistance zone.<\/p>\n
Ethereum Price Faces Key Barrier<\/p>\n
Ethereum started a decent upward move from the $880 support zone. ETH climbed above the $950 and $1,000 levels to move into a short-term bullish zone.<\/p>\n
The bulls pushed the price above the 50% Fib retracement level of the key decline from the $1,255 swing high to $880 low. Finally, there was a move above the $1,100 level. However, ether price is now facing a major resistance near the $1,150 and $1,160 levels.<\/p>\n
The price is now trading above $1,000 and the 100 hourly simple moving average. It is also above the 23.6% Fib retracement level of the upward move from the $880 swing low to $1,174 high.<\/p>\n
Besides, there is also a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,150 level. The next major resistance is near the $1,160 zone. A clear move above the $1,160 resistance zone may perhaps start a steady upward move.<\/p>\n\n
Source: ETHUSD on TradingView.com<\/p>\n
The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance in the near term.<\/p>\n
Fresh Decline in ETH?<\/p>\n
If ethereum fails to rise above the $1,150 resistance, it could start a fresh decline. An initial support on the downside is near the $1,100 zone and the triangle lower trend line.<\/p>\n
The next major support is near the $1,030 zone. It is near the 50% Fib retracement level of the upward move from the $880 swing low to $1,174 high. Any more losses might call for a move towards the $950 support zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n
Hourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $1,030<\/p>\n
Major Resistance Level \u2013 $1,150<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Ethereum started an upside correction from the $880 zone against the US Dollar. ETH is rising and attempting an upside break above the $1,150 resistance zone.<\/p>\n
Ethereum started an upside correction above the $1,000 resistance zone.
\nThe price is now trading above $1,000 and the 100 hourly simple moving average.
\nThere is a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a steady increase if it clears the main $1,150 resistance zone.<\/p>\n
Ethereum Price Faces Key Barrier<\/p>\n
Ethereum started a decent upward move from the $880 support zone. ETH climbed above the $950 and $1,000 levels to move into a short-term bullish zone.<\/p>\n
The bulls pushed the price above the 50% Fib retracement level of the key decline from the $1,255 swing high to $880 low. Finally, there was a move above the $1,100 level. However, ether price is now facing a major resistance near the $1,150 and $1,160 levels.<\/p>\n
The price is now trading above $1,000 and the 100 hourly simple moving average. It is also above the 23.6% Fib retracement level of the upward move from the $880 swing low to $1,174 high.<\/p>\n
Besides, there is also a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,150 level. The next major resistance is near the $1,160 zone. A clear move above the $1,160 resistance zone may perhaps start a steady upward move.<\/p>\n
Source: ETHUSD on TradingView.com<\/p>\n
The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance in the near term.<\/p>\n
Fresh Decline in ETH?<\/p>\n
If ethereum fails to rise above the $1,150 resistance, it could start a fresh decline. An initial support on the downside is near the $1,100 zone and the triangle lower trend line.<\/p>\n
The next major support is near the $1,030 zone. It is near the 50% Fib retracement level of the upward move from the $880 swing low to $1,174 high. Any more losses might call for a move towards the $950 support zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n
Hourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $1,030<\/p>\n
Major Resistance Level \u2013 $1,150<\/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-1689","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\/1689","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=1689"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/1689\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=1689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=1689"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=1689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}