Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.<\/p>\n
Ethereum recovered above $1,300 and started a consolidation phase.
\nThe price is now trading above $1,310 and the 100 hourly simple moving average.
\nThere is a key declining channel forming with resistance near $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 Eyes Upside Break<\/p>\n
Ethereum started a steady recovery wave<\/a> above the $1,300 resistance zone. The bulls were active above the $1,300 level and ETH settled into a short-term positive zone.<\/p>\n There was a clear move above the 50% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. Ether price even spiked above the $1,340 resistance, but upsides were limited. It is now trading above $1,310 and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a key declining channel forming with resistance near $1,340 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,340 and $1,350 levels.<\/p>\n The next major resistance is near $1,364 level. It is near the 76.4% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. A clear break above $1,364 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 zone, above which the price could surge to $1,500.<\/p>\n Fresh Decline in ETH?<\/p>\n If ethereum fails to climb above the $1,340 resistance, it could start a fresh decline. An initial support on the downside is near the $1,310 level.<\/p>\n The next major support is near the $1,290 level and the channel lower trend line. A downside break below the $1,290 level might send the price towards the $1,265 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,250 or even towards $1,220.<\/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 above the 50 level.<\/p>\n Major Support Level \u2013 $1,290<\/p>\n Major Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.<\/p>\n Ethereum recovered above $1,300 and started a consolidation phase. Ethereum Price Eyes Upside Break<\/p>\n Ethereum started a steady recovery wave<\/a> above the $1,300 resistance zone. The bulls were active above the $1,300 level and ETH settled into a short-term positive zone.<\/p>\n There was a clear move above the 50% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. Ether price even spiked above the $1,340 resistance, but upsides were limited. It is now trading above $1,310 and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a key declining channel forming with resistance near $1,340 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,340 and $1,350 levels.<\/p>\n The next major resistance is near $1,364 level. It is near the 76.4% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. A clear break above $1,364 might start a decent increase towards the $1,400 level.<\/p>\n
\nThe price is now trading above $1,310 and the 100 hourly simple moving average.
\nThere is a key declining channel forming with resistance near $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 zone, above which the price could surge to $1,500.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to climb above the $1,340 resistance, it could start a fresh decline. An initial support on the downside is near the $1,310 level.<\/p>\nThe next major support is near the $1,290 level and the channel lower trend line. A downside break below the $1,290 level might send the price towards the $1,265 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,250 or even towards $1,220.<\/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 above the 50 level.<\/p>\nMajor Support Level \u2013 $1,290<\/p>\nMajor Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.<\/p>\nEthereum recovered above $1,300 and started a consolidation phase.\nThe price is now trading above $1,310 and the 100 hourly simple moving average.\nThere is a key declining channel forming with resistance near $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 Eyes Upside Break<\/p>\nEthereum started a steady recovery wave<\/a> above the $1,300 resistance zone. The bulls were active above the $1,300 level and ETH settled into a short-term positive zone.<\/p>\nThere was a clear move above the 50% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. Ether price even spiked above the $1,340 resistance, but upsides were limited. It is now trading above $1,310 and the 100 hourly simple moving average<\/a>.<\/p>\nThere is also a key declining channel forming with resistance near $1,340 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,340 and $1,350 levels.<\/p>\nThe next major resistance is near $1,364 level. It is near the 76.4% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. A clear break above $1,364 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 zone, above which the price could surge to $1,500.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to climb above the $1,340 resistance, it could start a fresh decline. An initial support on the downside is near the $1,310 level.<\/p>\nThe next major support is near the $1,290 level and the channel lower trend line. A downside break below the $1,290 level might send the price towards the $1,265 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,250 or even towards $1,220.<\/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 above the 50 level.<\/p>\nMajor Support Level \u2013 $1,290<\/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-8833","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\/8833","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=8833"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8833\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8833"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-24.png\"){kind=link}