Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels.<\/p>\n
Ethereum is slowly moving higher and trading above the $1,300 level.
\nThe price is now trading above $1,310 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if there is a clear move above the $1,350 resistance.<\/p>\n
Ethereum Price Remains Supported<\/p>\n
Ethereum remained well bid above the $1,250 level. There was a minor increase<\/a> above the $1,280 and $1,288 levels. ETH is showing positive signs above the $1,300 level and the 100 hourly simple moving average.<\/p>\n The price climbed above the 50% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low. The price even settled above the $1,310 level and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a key bullish trend line forming with support near $1,320 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,330 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear break above $1,330 might start a decent increase towards the $1,355 level. If the bulls remain in action, the price could rise towards the $1,375 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone. The next major resistance sits near the $1,450 level.<\/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 $1,320 level and the trend line.<\/p>\n The next major support is near the $1,290 level. A downside break below the $1,290 level might send the price towards the $1,255 support. \u00a0Any more losses could increase selling and the price might drop to $1,220 or even towards $1,200 in the coming sessions.<\/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 just above the 50 level.<\/p>\n Major Support Level \u2013 $1,320<\/p>\n Major Resistance Level \u2013 $1,375<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels.<\/p>\n Ethereum is slowly moving higher and trading above the $1,300 level. Ethereum Price Remains Supported<\/p>\n Ethereum remained well bid above the $1,250 level. There was a minor increase<\/a> above the $1,280 and $1,288 levels. ETH is showing positive signs above the $1,300 level and the 100 hourly simple moving average.<\/p>\n The price climbed above the 50% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low. The price even settled above the $1,310 level and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a key bullish trend line forming with support near $1,320 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,330 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low.<\/p>\n
\nThe price is now trading above $1,310 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if there is a clear move above the $1,350 resistance.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,330 might start a decent increase towards the $1,355 level. If the bulls remain in action, the price could rise towards the $1,375 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone. The next major resistance sits near the $1,450 level.<\/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 $1,320 level and the trend line.<\/p>\nThe next major support is near the $1,290 level. A downside break below the $1,290 level might send the price towards the $1,255 support. \u00a0Any more losses could increase selling and the price might drop to $1,220 or even towards $1,200 in the coming sessions.<\/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 just above the 50 level.<\/p>\nMajor Support Level \u2013 $1,320<\/p>\nMajor Resistance Level \u2013 $1,375<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels.<\/p>\nEthereum is slowly moving higher and trading above the $1,300 level.\nThe price is now trading above $1,310 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could gain bullish momentum if there is a clear move above the $1,350 resistance.<\/p>\nEthereum Price Remains Supported<\/p>\nEthereum remained well bid above the $1,250 level. There was a minor increase<\/a> above the $1,280 and $1,288 levels. ETH is showing positive signs above the $1,300 level and the 100 hourly simple moving average.<\/p>\nThe price climbed above the 50% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low. The price even settled above the $1,310 level and the 100 hourly simple moving average<\/a>.<\/p>\nThere is also a key bullish trend line forming with support near $1,320 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,330 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,330 might start a decent increase towards the $1,355 level. If the bulls remain in action, the price could rise towards the $1,375 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone. The next major resistance sits near the $1,450 level.<\/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 $1,320 level and the trend line.<\/p>\nThe next major support is near the $1,290 level. A downside break below the $1,290 level might send the price towards the $1,255 support. \u00a0Any more losses could increase selling and the price might drop to $1,220 or even towards $1,200 in the coming sessions.<\/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 just above the 50 level.<\/p>\nMajor Support Level \u2013 $1,320<\/p>\nMajor Resistance Level \u2013 $1,375<\/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-9017","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\/9017","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=9017"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9017\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9017"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-2.png\"){kind=link}