{"id":25641,"date":"2023-06-20T03:52:40","date_gmt":"2023-06-20T07:52:40","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=25641"},"modified":"2023-06-20T03:52:40","modified_gmt":"2023-06-20T07:52:40","slug":"ethereum-price-indicators-suggest-strengthening-case-for-more-upsides","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/20\/ethereum-price-indicators-suggest-strengthening-case-for-more-upsides\/","title":{"rendered":"Ethereum Price Indicators Suggest Strengthening Case For More Upsides"},"content":{"rendered":"

Ethereum price is showing positive signs above $1,700 against the US Dollar. ETH could gain bullish momentum if it clears the $1,750 resistance zone.<\/em><\/p>\n

Ethereum is slowly moving higher above the $1,700 and $1,720 resistance levels.
\nThe price is trading above $1,720 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support near $1,718 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further above the $1,750 and $1,765 resistance levels.<\/p>\n

Ethereum Price Steadies Above $1,700<\/h2>\n

Ethereum\u2019s price started a steady recovery wave<\/a> above the $1,650 level. ETH was able to settle above the $1,700 resistance zone, similar to Bitcoin<\/a>.<\/p>\n

Recently, the price saw a minor downside correction from the $1,768 high. The price traded below the $1,720 level but the bulls were active near $1,700. A low is formed near $1,698 and the price is again attempting a fresh increase.<\/p>\n

There was a break above the $1,720 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $1,768 swing high to the $1,698 low.<\/p>\n

Ether is now trading above $1,720 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,718 on the hourly chart of ETH\/USD. Immediate resistance is near the $1,750 level. The next major resistance is near the $1,765 level.<\/p>\n\n

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

A successful move above the $1,750 and $1,765 resistance levels might start a steady recovery wave. The next resistance sits near $1,800, above which Ethereum could rise toward the $1,850 level. Any more gains above the $1,850 resistance zone might send the price toward the $1,920 resistance.<\/p>\n

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

If Ethereum fails to clear the $1,750 resistance, it could start another decline. Initial support on the downside is near the $1,720 level and the trend line.<\/p>\n

The next major support is near the $1,700 level or the recent low. If there is a break and close below the $1,700 support, the price could drop toward the $1,675 support. Any more losses may perhaps send the price toward the $1,620 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is 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 $1,700<\/p>\n

Major Resistance Level \u2013 $1,765<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is showing positive signs above $1,700 against the US Dollar. ETH could gain bullish momentum if it clears the $1,750 resistance zone.<\/em><\/p>\n

Ethereum is slowly moving higher above the $1,700 and $1,720 resistance levels.
\nThe price is trading above $1,720 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support near $1,718 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further above the $1,750 and $1,765 resistance levels.<\/p>\n

Ethereum Price Steadies Above $1,700<\/h2>\n

Ethereum\u2019s price started a steady recovery wave<\/a> above the $1,650 level. ETH was able to settle above the $1,700 resistance zone, similar to Bitcoin<\/a>.<\/p>\n

Recently, the price saw a minor downside correction from the $1,768 high. The price traded below the $1,720 level but the bulls were active near $1,700. A low is formed near $1,698 and the price is again attempting a fresh increase.<\/p>\n

There was a break above the $1,720 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $1,768 swing high to the $1,698 low.<\/p>\n

Ether is now trading above $1,720 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,718 on the hourly chart of ETH\/USD. Immediate resistance is near the $1,750 level. The next major resistance is near the $1,765 level.<\/p>\n

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

A successful move above the $1,750 and $1,765 resistance levels might start a steady recovery wave. The next resistance sits near $1,800, above which Ethereum could rise toward the $1,850 level. Any more gains above the $1,850 resistance zone might send the price toward the $1,920 resistance.<\/p>\n

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

If Ethereum fails to clear the $1,750 resistance, it could start another decline. Initial support on the downside is near the $1,720 level and the trend line.<\/p>\n

The next major support is near the $1,700 level or the recent low. If there is a break and close below the $1,700 support, the price could drop toward the $1,675 support. Any more losses may perhaps send the price toward the $1,620 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is 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 $1,700<\/p>\n

Major Resistance Level \u2013 $1,765<\/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-25641","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\/25641","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=25641"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25641\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25641"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}