Ethereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance.<\/p>\n
Ethereum is gaining pace and recently traded above the $1,375 level.
\nThe price is now trading above $1,350 and the 100 hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance near $1,355 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 $1,400 resistance.<\/p>\n
Ethereum Price Remains Supported<\/p>\n
Ethereum remained well bid<\/a> above the $1,300 and $1,310 levels. ETH formed a base above the $1,320 level and started a fresh increase above the $1,3330 level.<\/p>\n There was a steady increase above the $1,350 resistance level and the 100 hourly simple moving average<\/a>. Besides, there was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD. The pair even climbed above the $1,375 resistance zone.<\/p>\n A high was formed near $1,385 and the price is now consolidating gains. Ether price is trading above $1,350 and the 100 hourly simple moving average.<\/p>\n It is now trading near the 23.6% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. On the upside, the price is facing resistance near the $1,385 zone. The first major resistance is seen near the $1,400 level.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear break above $1,400 might start a steady increase towards the $1,450 level. The next major resistance could be near the $1,500 level, above which the price could gain bullish momentum. In the stated case, the price may perhaps rise towards the $1,550 level.<\/p>\n Dips Supported in ETH?<\/p>\n If ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,365 level.<\/p>\n The next major support is near the $1,350 level. It is near the 50% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. A downside break below the $1,350 level might send the price towards the $1,320 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 $1,350<\/p>\n Major Resistance Level \u2013 $1,400<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance.<\/p>\n Ethereum is gaining pace and recently traded above the $1,375 level. Ethereum Price Remains Supported<\/p>\n Ethereum remained well bid<\/a> above the $1,300 and $1,310 levels. ETH formed a base above the $1,320 level and started a fresh increase above the $1,3330 level.<\/p>\n There was a steady increase above the $1,350 resistance level and the 100 hourly simple moving average<\/a>. Besides, there was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD. The pair even climbed above the $1,375 resistance zone.<\/p>\n A high was formed near $1,385 and the price is now consolidating gains. Ether price is trading above $1,350 and the 100 hourly simple moving average.<\/p>\n It is now trading near the 23.6% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. On the upside, the price is facing resistance near the $1,385 zone. The first major resistance is seen near the $1,400 level.<\/p>\n
\nThe price is now trading above $1,350 and the 100 hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance near $1,355 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 $1,400 resistance.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,400 might start a steady increase towards the $1,450 level. The next major resistance could be near the $1,500 level, above which the price could gain bullish momentum. In the stated case, the price may perhaps rise towards the $1,550 level.<\/p>\nDips Supported in ETH?<\/p>\nIf ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,365 level.<\/p>\nThe next major support is near the $1,350 level. It is near the 50% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. A downside break below the $1,350 level might send the price towards the $1,320 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 $1,350<\/p>\nMajor Resistance Level \u2013 $1,400<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance.<\/p>\nEthereum is gaining pace and recently traded above the $1,375 level.\nThe price is now trading above $1,350 and the 100 hourly simple moving average.\nThere was a break above a major bearish trend line with resistance near $1,355 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 $1,400 resistance.<\/p>\nEthereum Price Remains Supported<\/p>\nEthereum remained well bid<\/a> above the $1,300 and $1,310 levels. ETH formed a base above the $1,320 level and started a fresh increase above the $1,3330 level.<\/p>\nThere was a steady increase above the $1,350 resistance level and the 100 hourly simple moving average<\/a>. Besides, there was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH\/USD. The pair even climbed above the $1,375 resistance zone.<\/p>\nA high was formed near $1,385 and the price is now consolidating gains. Ether price is trading above $1,350 and the 100 hourly simple moving average.<\/p>\nIt is now trading near the 23.6% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. On the upside, the price is facing resistance near the $1,385 zone. The first major resistance is seen near the $1,400 level.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,400 might start a steady increase towards the $1,450 level. The next major resistance could be near the $1,500 level, above which the price could gain bullish momentum. In the stated case, the price may perhaps rise towards the $1,550 level.<\/p>\nDips Supported in ETH?<\/p>\nIf ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,365 level.<\/p>\nThe next major support is near the $1,350 level. It is near the 50% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. A downside break below the $1,350 level might send the price towards the $1,320 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 $1,350<\/p>\nMajor Resistance Level \u2013 $1,400<\/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-9193","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\/9193","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=9193"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9193\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9193"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4.png\"){kind=link}