Ethereum corrected lower below $1,750 against the US Dollar. ETH remained well bid above $1,680 and is eyeing a fresh surge above $1,750.<\/p>\n
Ethereum is trading in a bullish zone above the $1,680 and $1,700 levels.
\nThe price is now trading near $1,720 and the 100 hourly simple moving average.
\nThere is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear $1,750 to continue higher towards $1,850 in the near term.<\/p>\n
Ethereum Price Aims Higher<\/p>\n
Ethereum gained pace above the $1,700 and $1,720 levels<\/a>. ETH even cleared the $1,750 level, but there was no test of the $1,800 resistance zone. A high was formed near $1,788 before the price started a downside correction.<\/p>\n There was a move below the $1,750 level and the 100 hourly simple moving average<\/a>. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,490 swing low to $1,788 high. Ether price even dipped below the $1,700 level.<\/p>\n However, the bulls were active near the $1,680 level. The price is now rising and trading above $1,700. It is trading near $1,720 and the 100 hourly simple moving average.<\/p>\n On the upside, the price is facing resistance near the $1,730 level. There is also a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH\/USD. The next major resistance is near the $1,750 level. A clear break above $1,750 might send the price towards the $1,780 level.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n Any more gains may perhaps open the doors for a move towards the $1,850 resistance in the near term. If the bulls remain in action, the price could pump towards the $1,880 level.<\/p>\n Dips Limited in ETH?<\/p>\n If ethereum fails to rise above the $1,750 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 zone.<\/p>\n The next major support is near $1,650. It is near the 50% Fib retracement level of the upward move from the $1,490 swing low to $1,788 high. A downside break below the $1,650 support might spark more losses. In the stated case, ether price might drop towards the $1,600 level.<\/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 $1,680<\/p>\n Major Resistance Level \u2013 $1,750<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum corrected lower below $1,750 against the US Dollar. ETH remained well bid above $1,680 and is eyeing a fresh surge above $1,750.<\/p>\n Ethereum is trading in a bullish zone above the $1,680 and $1,700 levels. Ethereum Price Aims Higher<\/p>\n Ethereum gained pace above the $1,700 and $1,720 levels<\/a>. ETH even cleared the $1,750 level, but there was no test of the $1,800 resistance zone. A high was formed near $1,788 before the price started a downside correction.<\/p>\n There was a move below the $1,750 level and the 100 hourly simple moving average<\/a>. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,490 swing low to $1,788 high. Ether price even dipped below the $1,700 level.<\/p>\n However, the bulls were active near the $1,680 level. The price is now rising and trading above $1,700. It is trading near $1,720 and the 100 hourly simple moving average.<\/p>\n On the upside, the price is facing resistance near the $1,730 level. There is also a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH\/USD. The next major resistance is near the $1,750 level. A clear break above $1,750 might send the price towards the $1,780 level.<\/p>\n
\nThe price is now trading near $1,720 and the 100 hourly simple moving average.
\nThere is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear $1,750 to continue higher towards $1,850 in the near term.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nAny more gains may perhaps open the doors for a move towards the $1,850 resistance in the near term. If the bulls remain in action, the price could pump towards the $1,880 level.<\/p>\nDips Limited in ETH?<\/p>\nIf ethereum fails to rise above the $1,750 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 zone.<\/p>\nThe next major support is near $1,650. It is near the 50% Fib retracement level of the upward move from the $1,490 swing low to $1,788 high. A downside break below the $1,650 support might spark more losses. In the stated case, ether price might drop towards the $1,600 level.<\/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 $1,680<\/p>\nMajor Resistance Level \u2013 $1,750<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum corrected lower below $1,750 against the US Dollar. ETH remained well bid above $1,680 and is eyeing a fresh surge above $1,750.<\/p>\nEthereum is trading in a bullish zone above the $1,680 and $1,700 levels.\nThe price is now trading near $1,720 and the 100 hourly simple moving average.\nThere is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair must clear $1,750 to continue higher towards $1,850 in the near term.<\/p>\nEthereum Price Aims Higher<\/p>\nEthereum gained pace above the $1,700 and $1,720 levels<\/a>. ETH even cleared the $1,750 level, but there was no test of the $1,800 resistance zone. A high was formed near $1,788 before the price started a downside correction.<\/p>\nThere was a move below the $1,750 level and the 100 hourly simple moving average<\/a>. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,490 swing low to $1,788 high. Ether price even dipped below the $1,700 level.<\/p>\nHowever, the bulls were active near the $1,680 level. The price is now rising and trading above $1,700. It is trading near $1,720 and the 100 hourly simple moving average.<\/p>\nOn the upside, the price is facing resistance near the $1,730 level. There is also a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH\/USD. The next major resistance is near the $1,750 level. A clear break above $1,750 might send the price towards the $1,780 level.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nAny more gains may perhaps open the doors for a move towards the $1,850 resistance in the near term. If the bulls remain in action, the price could pump towards the $1,880 level.<\/p>\nDips Limited in ETH?<\/p>\nIf ethereum fails to rise above the $1,750 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 zone.<\/p>\nThe next major support is near $1,650. It is near the 50% Fib retracement level of the upward move from the $1,490 swing low to $1,788 high. A downside break below the $1,650 support might spark more losses. In the stated case, ether price might drop towards the $1,600 level.<\/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 $1,680<\/p>\nMajor Resistance Level \u2013 $1,750<\/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-7511","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\/7511","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=7511"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7511\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7511"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-10.png\"){kind=link}