Ethereum gained bullish momentum for a move above $1,625 against the US Dollar. ETH is now showing positive signs and might soon test the $1,700 zone.<\/p>\n
Ethereum is up close to 5% and there was a clear move above the $1,625 resistance.
\nThe price is now trading above $1,600 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,580 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if it stays above $1,600 or $1,580.<\/p>\n
Ethereum Price Beats Bitcoin<\/p>\n
Ethereum started a steady increase from the $1,535 support zone<\/a>. ETH was able to clear the key $1,600 resistance and the 100 hourly simple moving average to move into a positive zone, unlike bitcoin<\/a>.<\/p>\n The bulls were able to push the price above the $1,625 resistance. It gained nearly 5% and there was a test of the $1,675 zone. A high was formed at $1,675 and there was a minor downside correction. The price dipped below the $1,650 level.<\/p>\n Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,535 swing low to $1,675 high. It is now trading above $1,600 and the 100 hourly simple moving average.<\/p>\n There is also a major bullish trend line forming with support near $1,580 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,650 level. The next major resistance is now forming near the $1,675 level.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear move above the $1,675 level might even push the price above the $1,700 resistance. The next major resistance sits near the $1,750 level. Any more gains may perhaps open the doors for a move towards the $1,800 resistance in the near term.<\/p>\n Dips Limited in ETH?<\/p>\n If ethereum fails to rise above the $1,650 resistance, it could start a downside correction. An initial support on the downside is near the $1,620 zone.<\/p>\n The next major support is near $1,600. It is near the 50% Fib retracement level of the recent increase from the $1,535 swing low to $1,675 high, below which ether price might test the trend line. Any more losses may perhaps send the price towards the $1,535 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 $1,600<\/p>\n Major Resistance Level \u2013 $1,675<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum gained bullish momentum for a move above $1,625 against the US Dollar. ETH is now showing positive signs and might soon test the $1,700 zone.<\/p>\n Ethereum is up close to 5% and there was a clear move above the $1,625 resistance. Ethereum Price Beats Bitcoin<\/p>\n Ethereum started a steady increase from the $1,535 support zone<\/a>. ETH was able to clear the key $1,600 resistance and the 100 hourly simple moving average to move into a positive zone, unlike bitcoin<\/a>.<\/p>\n The bulls were able to push the price above the $1,625 resistance. It gained nearly 5% and there was a test of the $1,675 zone. A high was formed at $1,675 and there was a minor downside correction. The price dipped below the $1,650 level.<\/p>\n Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,535 swing low to $1,675 high. It is now trading above $1,600 and the 100 hourly simple moving average.<\/p>\n There is also a major bullish trend line forming with support near $1,580 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,650 level. The next major resistance is now forming near the $1,675 level.<\/p>\n
\nThe price is now trading above $1,600 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,580 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if it stays above $1,600 or $1,580.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear move above the $1,675 level might even push the price above the $1,700 resistance. The next major resistance sits near the $1,750 level. Any more gains may perhaps open the doors for a move towards the $1,800 resistance in the near term.<\/p>\nDips Limited in ETH?<\/p>\nIf ethereum fails to rise above the $1,650 resistance, it could start a downside correction. An initial support on the downside is near the $1,620 zone.<\/p>\nThe next major support is near $1,600. It is near the 50% Fib retracement level of the recent increase from the $1,535 swing low to $1,675 high, below which ether price might test the trend line. Any more losses may perhaps send the price towards the $1,535 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 $1,600<\/p>\nMajor Resistance Level \u2013 $1,675<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum gained bullish momentum for a move above $1,625 against the US Dollar. ETH is now showing positive signs and might soon test the $1,700 zone.<\/p>\nEthereum is up close to 5% and there was a clear move above the $1,625 resistance.\nThe price is now trading above $1,600 and the 100 hourly simple moving average.\nThere is a major bullish trend line forming with support near $1,580 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could continue to rise if it stays above $1,600 or $1,580.<\/p>\nEthereum Price Beats Bitcoin<\/p>\nEthereum started a steady increase from the $1,535 support zone<\/a>. ETH was able to clear the key $1,600 resistance and the 100 hourly simple moving average to move into a positive zone, unlike bitcoin<\/a>.<\/p>\nThe bulls were able to push the price above the $1,625 resistance. It gained nearly 5% and there was a test of the $1,675 zone. A high was formed at $1,675 and there was a minor downside correction. The price dipped below the $1,650 level.<\/p>\nEther price declined below the 23.6% Fib retracement level of the recent increase from the $1,535 swing low to $1,675 high. It is now trading above $1,600 and the 100 hourly simple moving average.<\/p>\nThere is also a major bullish trend line forming with support near $1,580 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,650 level. The next major resistance is now forming near the $1,675 level.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear move above the $1,675 level might even push the price above the $1,700 resistance. The next major resistance sits near the $1,750 level. Any more gains may perhaps open the doors for a move towards the $1,800 resistance in the near term.<\/p>\nDips Limited in ETH?<\/p>\nIf ethereum fails to rise above the $1,650 resistance, it could start a downside correction. An initial support on the downside is near the $1,620 zone.<\/p>\nThe next major support is near $1,600. It is near the 50% Fib retracement level of the recent increase from the $1,535 swing low to $1,675 high, below which ether price might test the trend line. Any more losses may perhaps send the price towards the $1,535 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 $1,600<\/p>\nMajor Resistance Level \u2013 $1,675<\/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-7019","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\/7019","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=7019"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7019\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7019"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-3.png\"){kind=link}