Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.<\/p>\n
Ethereum found support near the $1,250 level and recovered losses.
\nThe price is now trading above $1,300 and the 100 hourly simple moving average.
\nThere is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.<\/p>\n
Ethereum Price Remains Strong<\/p>\n
Ethereum found support near the $1,250 level after a strong decline<\/a>. ETH traded as low as $1,253 and started a fresh increase. There was a steady increase and the price was able to clear the $1,300 resistance.<\/p>\n The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,350 and $1,355 levels.<\/p>\n The next major resistance is near $1,365 level. It is near the 76.4% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. A clear break above $1,365 might start a decent increase towards the $1,400 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 $1,450 resistance, above which the bulls could aim a move to $1,500.<\/p>\n Fresh Decline in ETH?<\/p>\n If ethereum fails to climb above the $1,355 resistance, it could start a fresh decline. An initial support on the downside is near the $1,340 level and the triangle lower trend line.<\/p>\n The next major support is near the $1,315 level. A downside break below the $1,315 level might send the price towards the $1,280 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,250.<\/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 above the 50 level.<\/p>\n Major Support Level \u2013 $1,315<\/p>\n Major Resistance Level \u2013 $1,355<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.<\/p>\n Ethereum found support near the $1,250 level and recovered losses. Ethereum Price Remains Strong<\/p>\n Ethereum found support near the $1,250 level after a strong decline<\/a>. ETH traded as low as $1,253 and started a fresh increase. There was a steady increase and the price was able to clear the $1,300 resistance.<\/p>\n The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,350 and $1,355 levels.<\/p>\n The next major resistance is near $1,365 level. It is near the 76.4% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. A clear break above $1,365 might start a decent increase towards the $1,400 level.<\/p>\n
\nThe price is now trading above $1,300 and the 100 hourly simple moving average.
\nThere is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nAny more gains may perhaps open the doors for a move towards the $1,450 resistance, above which the bulls could aim a move to $1,500.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to climb above the $1,355 resistance, it could start a fresh decline. An initial support on the downside is near the $1,340 level and the triangle lower trend line.<\/p>\nThe next major support is near the $1,315 level. A downside break below the $1,315 level might send the price towards the $1,280 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,250.<\/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 above the 50 level.<\/p>\nMajor Support Level \u2013 $1,315<\/p>\nMajor Resistance Level \u2013 $1,355<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.<\/p>\nEthereum found support near the $1,250 level and recovered losses.\nThe price is now trading above $1,300 and the 100 hourly simple moving average.\nThere is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.<\/p>\nEthereum Price Remains Strong<\/p>\nEthereum found support near the $1,250 level after a strong decline<\/a>. ETH traded as low as $1,253 and started a fresh increase. There was a steady increase and the price was able to clear the $1,300 resistance.<\/p>\nThe bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the 100 hourly simple moving average<\/a>.<\/p>\nThere is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,350 and $1,355 levels.<\/p>\nThe next major resistance is near $1,365 level. It is near the 76.4% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. A clear break above $1,365 might start a decent increase towards the $1,400 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 $1,450 resistance, above which the bulls could aim a move to $1,500.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to climb above the $1,355 resistance, it could start a fresh decline. An initial support on the downside is near the $1,340 level and the triangle lower trend line.<\/p>\nThe next major support is near the $1,315 level. A downside break below the $1,315 level might send the price towards the $1,280 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,250.<\/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 above the 50 level.<\/p>\nMajor Support Level \u2013 $1,315<\/p>\nMajor Resistance Level \u2013 $1,355<\/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-8735","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\/8735","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=8735"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8735\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8735"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-23.png\"){kind=link}