Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone.<\/p>\n
Ethereum is slowly moving higher and trading above the $1,350 level.
\nThe price is now trading above $1,350 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if there is a clear move above the $1,370 resistance.<\/p>\n
Ethereum Price Eyes More Upsides<\/p>\n
Ethereum formed a support base<\/a> above the $1,250 level. ETH remained strong and started a steady increase above the $1,300 level. The price was able to clear the $1,320 resistance zone and the 100 hourly simple moving average.<\/p>\n There was also a move above the $1,350 level. It traded as high as $1,369 and is currently consolidating gains. Ether price is now trading above $1,350 and the 100 hourly simple moving average<\/a>. The price is also trading above the 23.6% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high.<\/p>\n Besides, there is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,370 zone.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear break above $1,370 might start another increase towards the $1,400 level. If the bulls remain in action, the price could rise towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance zone. The next major resistance sits near the $1,550 level.<\/p>\n Dips Limited in ETH?<\/p>\n If ethereum fails to climb above the $1,360 resistance, it could start a downside correction. An initial support on the downside is near the $1,350 level and the trend line.<\/p>\n The next major support is near the $1,320 level. It is near the 50% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high. A downside break below the $1,320 level might send the price towards the $1,275 support.<\/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 well above the 50 level.<\/p>\n Major Support Level \u2013 $1,320<\/p>\n Major Resistance Level \u2013 $1,370<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone.<\/p>\n Ethereum is slowly moving higher and trading above the $1,350 level. Ethereum Price Eyes More Upsides<\/p>\n Ethereum formed a support base<\/a> above the $1,250 level. ETH remained strong and started a steady increase above the $1,300 level. The price was able to clear the $1,320 resistance zone and the 100 hourly simple moving average.<\/p>\n There was also a move above the $1,350 level. It traded as high as $1,369 and is currently consolidating gains. Ether price is now trading above $1,350 and the 100 hourly simple moving average<\/a>. The price is also trading above the 23.6% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high.<\/p>\n Besides, there is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,370 zone.<\/p>\n
\nThe price is now trading above $1,350 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if there is a clear move above the $1,370 resistance.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,370 might start another increase towards the $1,400 level. If the bulls remain in action, the price could rise towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance zone. The next major resistance sits near the $1,550 level.<\/p>\nDips Limited in ETH?<\/p>\nIf ethereum fails to climb above the $1,360 resistance, it could start a downside correction. An initial support on the downside is near the $1,350 level and the trend line.<\/p>\nThe next major support is near the $1,320 level. It is near the 50% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high. A downside break below the $1,320 level might send the price towards the $1,275 support.<\/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 well above the 50 level.<\/p>\nMajor Support Level \u2013 $1,320<\/p>\nMajor Resistance Level \u2013 $1,370<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone.<\/p>\nEthereum is slowly moving higher and trading above the $1,350 level.\nThe price is now trading above $1,350 and the 100 hourly simple moving average.\nThere is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could continue to rise if there is a clear move above the $1,370 resistance.<\/p>\nEthereum Price Eyes More Upsides<\/p>\nEthereum formed a support base<\/a> above the $1,250 level. ETH remained strong and started a steady increase above the $1,300 level. The price was able to clear the $1,320 resistance zone and the 100 hourly simple moving average.<\/p>\nThere was also a move above the $1,350 level. It traded as high as $1,369 and is currently consolidating gains. Ether price is now trading above $1,350 and the 100 hourly simple moving average<\/a>. The price is also trading above the 23.6% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high.<\/p>\nBesides, there is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,370 zone.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,370 might start another increase towards the $1,400 level. If the bulls remain in action, the price could rise towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance zone. The next major resistance sits near the $1,550 level.<\/p>\nDips Limited in ETH?<\/p>\nIf ethereum fails to climb above the $1,360 resistance, it could start a downside correction. An initial support on the downside is near the $1,350 level and the trend line.<\/p>\nThe next major support is near the $1,320 level. It is near the 50% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high. A downside break below the $1,320 level might send the price towards the $1,275 support.<\/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 well above the 50 level.<\/p>\nMajor Support Level \u2013 $1,320<\/p>\nMajor Resistance Level \u2013 $1,370<\/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-9106","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\/9106","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=9106"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9106\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9106"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-3.png\"){kind=link}