Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance.<\/p>\n
Ethereum corrected lower but the bulls were active near the $1,465 zone.
\nThe price is now trading above $1,500 and the 100 hourly simple moving average.
\nThere is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh surge if there is a clear move above the $1,600 zone.<\/p>\n
Ethereum Price Remains Supported<\/p>\n
Ethereum started a downside correction<\/a> below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support.<\/p>\n It tested the $1,465 zone and the 100 hourly simple moving average. There is also a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD. The pair stayed above the key $1,465 support zone and started another increase.<\/p>\n Ether price climbed above the $1,550 resistance zone. There was a move above the 50% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n The price is now trading above $1,500 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,585 level. It is near the 76.4% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n The first major resistance is near the $1,600 zone. The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start another major increase. The next key barrier is near the $1,700 level, above which the price might rise towards the $1,800 resistance zone.<\/p>\n More Losses in ETH?<\/p>\n If ethereum fails to rise above the $1,585 resistance, it could continue to move down. An initial support on the downside is near the $1,520 zone and the trend line.<\/p>\n A clear move below the trend line support might push the price towards the $1,465 support zone. Any more losses might even push ether price to the $1,375 support.<\/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 $1,465<\/p>\n Major Resistance Level \u2013 $1,585<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance.<\/p>\n Ethereum corrected lower but the bulls were active near the $1,465 zone. Ethereum Price Remains Supported<\/p>\n Ethereum started a downside correction<\/a> below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support.<\/p>\n It tested the $1,465 zone and the 100 hourly simple moving average. There is also a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD. The pair stayed above the key $1,465 support zone and started another increase.<\/p>\n Ether price climbed above the $1,550 resistance zone. There was a move above the 50% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n The price is now trading above $1,500 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,585 level. It is near the 76.4% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n
\nThe price is now trading above $1,500 and the 100 hourly simple moving average.
\nThere is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh surge if there is a clear move above the $1,600 zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe first major resistance is near the $1,600 zone. The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start another major increase. The next key barrier is near the $1,700 level, above which the price might rise towards the $1,800 resistance zone.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to rise above the $1,585 resistance, it could continue to move down. An initial support on the downside is near the $1,520 zone and the trend line.<\/p>\nA clear move below the trend line support might push the price towards the $1,465 support zone. Any more losses might even push ether price to the $1,375 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\nMajor Support Level \u2013 $1,465<\/p>\nMajor Resistance Level \u2013 $1,585<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance.<\/p>\nEthereum corrected lower but the bulls were active near the $1,465 zone.\nThe price is now trading above $1,500 and the 100 hourly simple moving average.\nThere is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start a fresh surge if there is a clear move above the $1,600 zone.<\/p>\nEthereum Price Remains Supported<\/p>\nEthereum started a downside correction<\/a> below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support.<\/p>\nIt tested the $1,465 zone and the 100 hourly simple moving average. There is also a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH\/USD. The pair stayed above the key $1,465 support zone and started another increase.<\/p>\nEther price climbed above the $1,550 resistance zone. There was a move above the 50% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\nThe price is now trading above $1,500 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,585 level. It is near the 76.4% Fib retracement level of the downside correction from the $1,622 swing high to $1,464 low.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe first major resistance is near the $1,600 zone. The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start another major increase. The next key barrier is near the $1,700 level, above which the price might rise towards the $1,800 resistance zone.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to rise above the $1,585 resistance, it could continue to move down. An initial support on the downside is near the $1,520 zone and the trend line.<\/p>\nA clear move below the trend line support might push the price towards the $1,465 support zone. Any more losses might even push ether price to the $1,375 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\nMajor Support Level \u2013 $1,465<\/p>\nMajor Resistance Level \u2013 $1,585<\/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-3936","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\/3936","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=3936"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/3936\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=3936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=3936"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=3936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Ethereum-18.png\"){kind=link}