Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone.<\/p>\n
Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels.
\nThe price is now trading above $1,550 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start another increase if it stays above the $1,550 and $1,530 support levels.<\/p>\n
Ethereum Price Eyes Fresh Increase<\/p>\n
Ethereum made an attempt to gain strength above the $1,620 resistance<\/a> and the 100 hourly simple moving average. However, ETH failed to remain stable above $1,620.<\/p>\n A high was formed near $1,648 and the price trimmed gains. There was a drop below the $1,580 level and $1,550. A low is formed near $1,535 and the price is now rising. There was a move above the $1,550 resistance. Ether price cleared the 23.6% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low.<\/p>\n It is now trading above $1,550 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD.<\/p>\n An immediate resistance on the upside is near the $1,600 level. It is near the 50% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. The next major resistance is now forming near the $1,620 level.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear move above the $1,650 level might send the price towards $1,650 resistance. Any more gains may perhaps open the doors for a move towards the $1,700 resistance in the near term.<\/p>\n Fresh Decline in ETH?<\/p>\n If ethereum fails to rise above the $1,600 resistance, it could start another decline. An initial support on the downside is near the $1,560 zone and the 100 hourly SMA.<\/p>\n The next major support is near $1,535, below which ether price might revisit $1,500. Any more losses may perhaps send the price towards the $1,420 zone.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for ETH\/USD is now gaining 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 $1,535<\/p>\n Major Resistance Level \u2013 $1,600<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone.<\/p>\n Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels. Ethereum Price Eyes Fresh Increase<\/p>\n Ethereum made an attempt to gain strength above the $1,620 resistance<\/a> and the 100 hourly simple moving average. However, ETH failed to remain stable above $1,620.<\/p>\n A high was formed near $1,648 and the price trimmed gains. There was a drop below the $1,580 level and $1,550. A low is formed near $1,535 and the price is now rising. There was a move above the $1,550 resistance. Ether price cleared the 23.6% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low.<\/p>\n It is now trading above $1,550 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD.<\/p>\n An immediate resistance on the upside is near the $1,600 level. It is near the 50% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. The next major resistance is now forming near the $1,620 level.<\/p>\n
\nThe price is now trading above $1,550 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start another increase if it stays above the $1,550 and $1,530 support levels.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear move above the $1,650 level might send the price towards $1,650 resistance. Any more gains may perhaps open the doors for a move towards the $1,700 resistance in the near term.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to rise above the $1,600 resistance, it could start another decline. An initial support on the downside is near the $1,560 zone and the 100 hourly SMA.<\/p>\nThe next major support is near $1,535, below which ether price might revisit $1,500. Any more losses may perhaps send the price towards the $1,420 zone.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining 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 $1,535<\/p>\nMajor Resistance Level \u2013 $1,600<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone.<\/p>\nEthereum is trading in a positive zone above the $1,520 and $1,500 support levels.\nThe price is now trading above $1,550 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start another increase if it stays above the $1,550 and $1,530 support levels.<\/p>\nEthereum Price Eyes Fresh Increase<\/p>\nEthereum made an attempt to gain strength above the $1,620 resistance<\/a> and the 100 hourly simple moving average. However, ETH failed to remain stable above $1,620.<\/p>\nA high was formed near $1,648 and the price trimmed gains. There was a drop below the $1,580 level and $1,550. A low is formed near $1,535 and the price is now rising. There was a move above the $1,550 resistance. Ether price cleared the 23.6% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low.<\/p>\nIt is now trading above $1,550 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,560 on the hourly chart of ETH\/USD.<\/p>\nAn immediate resistance on the upside is near the $1,600 level. It is near the 50% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. The next major resistance is now forming near the $1,620 level.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear move above the $1,650 level might send the price towards $1,650 resistance. Any more gains may perhaps open the doors for a move towards the $1,700 resistance in the near term.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to rise above the $1,600 resistance, it could start another decline. An initial support on the downside is near the $1,560 zone and the 100 hourly SMA.<\/p>\nThe next major support is near $1,535, below which ether price might revisit $1,500. Any more losses may perhaps send the price towards the $1,420 zone.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining 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 $1,535<\/p>\nMajor Resistance Level \u2013 $1,600<\/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-6959","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\/6959","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=6959"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6959\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=6959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=6959"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=6959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-2.png\"){kind=link}