Ethereum gained pace above the $1,700 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,800 resistance.<\/p>\n
Ethereum started a major increase and settled above the $1,700 level.
\nThe price is now trading above $1,700 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear $1,780 to continue higher towards $1,880 in the near term.<\/p>\n
Ethereum Price Uptrend Intact<\/p>\n
Ethereum remained well bid above the $1,650 level and started a fresh increase<\/a>. ETH was able to clear the key $1,700 resistance zone and the 100 hourly simple moving average.<\/p>\n There was a clear move above the $1,750 resistance zone. A new multi-week high was formed near $1,788 and the pair is now correcting gains. There was a minor decline below the $1,750 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high.<\/p>\n The price is now trading above $1,700 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n On the upside, the price is facing resistance near the $1,750 level. The next major resistance is near the $1,780 level. A clear break above $1,780 might send the price towards the $1,820 level. Any more gains may perhaps open the doors for a move towards the $1,880 resistance in the near term. If the bulls remain in action, the price could pump towards the $2,000 level.<\/p>\n Dips Supported in ETH?<\/p>\n If ethereum fails to rise above the $1,780 resistance, it could start a downside correction. An initial support on the downside is near the $1,720 zone.<\/p>\n The next major support is near $1,700. It is near the 50% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high. A downside break below the $1,700 support might spark more losses. In the stated case, ether price might drop towards the $1,650 level.<\/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 below the 50 level.<\/p>\n Major Support Level \u2013 $1,700<\/p>\n Major Resistance Level \u2013 $1,780<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum gained pace above the $1,700 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,800 resistance.<\/p>\n Ethereum started a major increase and settled above the $1,700 level. Ethereum Price Uptrend Intact<\/p>\n Ethereum remained well bid above the $1,650 level and started a fresh increase<\/a>. ETH was able to clear the key $1,700 resistance zone and the 100 hourly simple moving average.<\/p>\n There was a clear move above the $1,750 resistance zone. A new multi-week high was formed near $1,788 and the pair is now correcting gains. There was a minor decline below the $1,750 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high.<\/p>\n The price is now trading above $1,700 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD.<\/p>\n
\nThe price is now trading above $1,700 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear $1,780 to continue higher towards $1,880 in the near term.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nOn the upside, the price is facing resistance near the $1,750 level. The next major resistance is near the $1,780 level. A clear break above $1,780 might send the price towards the $1,820 level. Any more gains may perhaps open the doors for a move towards the $1,880 resistance in the near term. If the bulls remain in action, the price could pump towards the $2,000 level.<\/p>\nDips Supported in ETH?<\/p>\nIf ethereum fails to rise above the $1,780 resistance, it could start a downside correction. An initial support on the downside is near the $1,720 zone.<\/p>\nThe next major support is near $1,700. It is near the 50% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high. A downside break below the $1,700 support might spark more losses. In the stated case, ether price might drop towards the $1,650 level.<\/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 below the 50 level.<\/p>\nMajor Support Level \u2013 $1,700<\/p>\nMajor Resistance Level \u2013 $1,780<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum gained pace above the $1,700 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,800 resistance.<\/p>\nEthereum started a major increase and settled above the $1,700 level.\nThe price is now trading above $1,700 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair must clear $1,780 to continue higher towards $1,880 in the near term.<\/p>\nEthereum Price Uptrend Intact<\/p>\nEthereum remained well bid above the $1,650 level and started a fresh increase<\/a>. ETH was able to clear the key $1,700 resistance zone and the 100 hourly simple moving average.<\/p>\nThere was a clear move above the $1,750 resistance zone. A new multi-week high was formed near $1,788 and the pair is now correcting gains. There was a minor decline below the $1,750 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high.<\/p>\nThe price is now trading above $1,700 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,725 on the hourly chart of ETH\/USD.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nOn the upside, the price is facing resistance near the $1,750 level. The next major resistance is near the $1,780 level. A clear break above $1,780 might send the price towards the $1,820 level. Any more gains may perhaps open the doors for a move towards the $1,880 resistance in the near term. If the bulls remain in action, the price could pump towards the $2,000 level.<\/p>\nDips Supported in ETH?<\/p>\nIf ethereum fails to rise above the $1,780 resistance, it could start a downside correction. An initial support on the downside is near the $1,720 zone.<\/p>\nThe next major support is near $1,700. It is near the 50% Fib retracement level of the recent increase from the $1,620 swing low to $1,788 high. A downside break below the $1,700 support might spark more losses. In the stated case, ether price might drop towards the $1,650 level.<\/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 below the 50 level.<\/p>\nMajor Support Level \u2013 $1,700<\/p>\nMajor Resistance Level \u2013 $1,780<\/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-7428","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\/7428","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=7428"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7428\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7428"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-8.png\"){kind=link}