Ethereum is attempting an upside correction above $1,325 against the US Dollar. ETH is facing a major resistance near the $1,380 and $1,400 levels.<\/p>\n
Ethereum started a minor upside correction above the $1,325 level.
\nThe price is now trading below $1,400 and the 100 hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could recover further if there is a clear move above the $1,400 resistance zone.<\/p>\n
Ethereum Price Recovers Slightly<\/p>\n
Ethereum extended losses<\/a> and traded below the $1,300 level. ETH traded as low as $1,281 and recently started a short-term upside correction.<\/p>\n There was a move above the $1,300 and $1,325 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD.<\/p>\n The price even spiked above the $1,370 level. However, the bulls failed to gain strength above the 50% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low.<\/p>\n Ethereum is now trading below $1,400 and the 100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $1,380 level. The next major resistance is near $1,400 and the 100 hourly simple moving average.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear break above $1,400 might send the price towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,480 resistance and a bearish trend line on the same chart.<\/p>\n Fresh Drop in ETH?<\/p>\n If ethereum fails to rise above the $1,400 resistance and the 100 hourly simple moving average, it could start a fresh decline. An initial support on the downside is near the $1,325 zone.<\/p>\n The next major support is near $1,300. The main support sits at $1,280. A downside break below the $1,280 support might another sharp decline. In the stated case, ether price might decline towards the $1,200 level in the near term.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n Hourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $1,325<\/p>\n Major Resistance Level \u2013 $1,400<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is attempting an upside correction above $1,325 against the US Dollar. ETH is facing a major resistance near the $1,380 and $1,400 levels.<\/p>\n Ethereum started a minor upside correction above the $1,325 level. Ethereum Price Recovers Slightly<\/p>\n Ethereum extended losses<\/a> and traded below the $1,300 level. ETH traded as low as $1,281 and recently started a short-term upside correction.<\/p>\n There was a move above the $1,300 and $1,325 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD.<\/p>\n The price even spiked above the $1,370 level. However, the bulls failed to gain strength above the 50% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low.<\/p>\n Ethereum is now trading below $1,400 and the 100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $1,380 level. The next major resistance is near $1,400 and the 100 hourly simple moving average.<\/p>\n
\nThe price is now trading below $1,400 and the 100 hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could recover further if there is a clear move above the $1,400 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,400 might send the price towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,480 resistance and a bearish trend line on the same chart.<\/p>\nFresh Drop in ETH?<\/p>\nIf ethereum fails to rise above the $1,400 resistance and the 100 hourly simple moving average, it could start a fresh decline. An initial support on the downside is near the $1,325 zone.<\/p>\nThe next major support is near $1,300. The main support sits at $1,280. A downside break below the $1,280 support might another sharp decline. In the stated case, ether price might decline towards the $1,200 level in the near term.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\nMajor Support Level \u2013 $1,325<\/p>\nMajor Resistance Level \u2013 $1,400<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is attempting an upside correction above $1,325 against the US Dollar. ETH is facing a major resistance near the $1,380 and $1,400 levels.<\/p>\nEthereum started a minor upside correction above the $1,325 level.\nThe price is now trading below $1,400 and the 100 hourly simple moving average.\nThere was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could recover further if there is a clear move above the $1,400 resistance zone.<\/p>\nEthereum Price Recovers Slightly<\/p>\nEthereum extended losses<\/a> and traded below the $1,300 level. ETH traded as low as $1,281 and recently started a short-term upside correction.<\/p>\nThere was a move above the $1,300 and $1,325 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD.<\/p>\nThe price even spiked above the $1,370 level. However, the bulls failed to gain strength above the 50% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low.<\/p>\nEthereum is now trading below $1,400 and the 100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $1,380 level. The next major resistance is near $1,400 and the 100 hourly simple moving average.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,400 might send the price towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,480 resistance and a bearish trend line on the same chart.<\/p>\nFresh Drop in ETH?<\/p>\nIf ethereum fails to rise above the $1,400 resistance and the 100 hourly simple moving average, it could start a fresh decline. An initial support on the downside is near the $1,325 zone.<\/p>\nThe next major support is near $1,300. The main support sits at $1,280. A downside break below the $1,280 support might another sharp decline. In the stated case, ether price might decline towards the $1,200 level in the near term.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\nMajor Support Level \u2013 $1,325<\/p>\nMajor Resistance Level \u2013 $1,400<\/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-8011","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\/8011","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=8011"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8011\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8011"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-14.png\"){kind=link}