Ethereum is struggling below the $1,350 zone against the US Dollar. ETH could start a major increase if it clears the $1,350 and $1,400 resistance levels.<\/p>\n
Ethereum is stable above the $1,260 and $1,250 support levels.
\nThe price is now trading below $1,350 and the 100 hourly simple moving average.
\nThere is a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a steady increase if it clears the key $1,400 resistance zone.<\/p>\n
Ethereum Price Faces Hurdles<\/p>\n
Ethereum dropped from the $1,350 resistance zone<\/a>. However, ETH remained stable above the $1,250 support zone. The price traded as low as $1,269 and is currently consolidating losses.<\/p>\n Ether is slowly moving higher above the $1,300 level. It is testing the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low. The price is now trading below $1,350 and the 100 hourly simple moving average.<\/p>\n On the upside, the price is facing resistance near the $1,320 level and the 100 hourly simple moving average<\/a>. It is near the 61.8% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low.<\/p>\n The next major resistance is near $1,350 level. There is also a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD. A clear break above $1,350 might start a decent increase towards the $1,400 level.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n The 1.236 Fib extension level of the recent decline from the $1,348 swing high to $1,269 low. Any more gains may perhaps open the doors for a move towards the $1,500 resistance.<\/p>\n Fresh Decline in ETH?<\/p>\n If ethereum fails to recover above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,288.<\/p>\n The next major support is near the $1,270 level. A downside break below the $1,270 level might send the price towards the $1,220 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,150.<\/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 just below the 50 level.<\/p>\n Major Support Level \u2013 $1,270<\/p>\n Major Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is struggling below the $1,350 zone against the US Dollar. ETH could start a major increase if it clears the $1,350 and $1,400 resistance levels.<\/p>\n Ethereum is stable above the $1,260 and $1,250 support levels. Ethereum Price Faces Hurdles<\/p>\n Ethereum dropped from the $1,350 resistance zone<\/a>. However, ETH remained stable above the $1,250 support zone. The price traded as low as $1,269 and is currently consolidating losses.<\/p>\n Ether is slowly moving higher above the $1,300 level. It is testing the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low. The price is now trading below $1,350 and the 100 hourly simple moving average.<\/p>\n On the upside, the price is facing resistance near the $1,320 level and the 100 hourly simple moving average<\/a>. It is near the 61.8% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low.<\/p>\n The next major resistance is near $1,350 level. There is also a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD. A clear break above $1,350 might start a decent increase towards the $1,400 level.<\/p>\n
\nThe price is now trading below $1,350 and the 100 hourly simple moving average.
\nThere is a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a steady increase if it clears the key $1,400 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe 1.236 Fib extension level of the recent decline from the $1,348 swing high to $1,269 low. Any more gains may perhaps open the doors for a move towards the $1,500 resistance.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to recover above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,288.<\/p>\nThe next major support is near the $1,270 level. A downside break below the $1,270 level might send the price towards the $1,220 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,150.<\/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 just below the 50 level.<\/p>\nMajor Support Level \u2013 $1,270<\/p>\nMajor Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is struggling below the $1,350 zone against the US Dollar. ETH could start a major increase if it clears the $1,350 and $1,400 resistance levels.<\/p>\nEthereum is stable above the $1,260 and $1,250 support levels.\nThe price is now trading below $1,350 and the 100 hourly simple moving average.\nThere is a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start a steady increase if it clears the key $1,400 resistance zone.<\/p>\nEthereum Price Faces Hurdles<\/p>\nEthereum dropped from the $1,350 resistance zone<\/a>. However, ETH remained stable above the $1,250 support zone. The price traded as low as $1,269 and is currently consolidating losses.<\/p>\nEther is slowly moving higher above the $1,300 level. It is testing the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low. The price is now trading below $1,350 and the 100 hourly simple moving average.<\/p>\nOn the upside, the price is facing resistance near the $1,320 level and the 100 hourly simple moving average<\/a>. It is near the 61.8% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low.<\/p>\nThe next major resistance is near $1,350 level. There is also a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD. A clear break above $1,350 might start a decent increase towards the $1,400 level.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe 1.236 Fib extension level of the recent decline from the $1,348 swing high to $1,269 low. Any more gains may perhaps open the doors for a move towards the $1,500 resistance.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to recover above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,288.<\/p>\nThe next major support is near the $1,270 level. A downside break below the $1,270 level might send the price towards the $1,220 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,150.<\/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 just below the 50 level.<\/p>\nMajor Support Level \u2013 $1,270<\/p>\nMajor Resistance Level \u2013 $1,350<\/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-8438","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\/8438","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=8438"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8438\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8438"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-20.png\"){kind=link}