{"id":9545,"date":"2022-10-11T20:55:17","date_gmt":"2022-10-12T00:55:17","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=9545"},"modified":"2022-10-11T20:55:17","modified_gmt":"2022-10-12T00:55:17","slug":"ethereum-gains-so-much-demand-to-buy-at-500-will-this-be-possible","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/10\/11\/ethereum-gains-so-much-demand-to-buy-at-500-will-this-be-possible\/","title":{"rendered":"Ethereum Gains So Much Demand To Buy At $500, Will This Be Possible?"},"content":{"rendered":"

ETH prices continue to trend downwards as prices remain bearish, with price trading on critical support.\u00a0
\nETH trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs as many traders and investors wish for $500.\u00a0
\nThe price of ETH needs to break and hold above the key resistance of $1,400 to initiate recovery signs for the price.\u00a0<\/p>\n

The price of Ethereum (ETH) continues to struggle to discover its bullish trend before the \u201cEthereum Merge\u201d as the price fails to break the key resistance of $1,400 against tether (USDT). Ethereum (ETH) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains. (Data from Binance)\u00a0<\/p>\n

Ethereum (ETH) Price Analysis On The Weekly Chart.<\/p>\n

Life after post \u201cEthereum Merge\u201d has not been easy for the Ethereum price, with many traders and investors expecting a rally to a region of $5,000. Despite showing some great price movement in recent weeks, the price of ETH has continued to maintain a downtrend as it faces a crucial test to hold above $1,200 or defer the odds and go lower.<\/p>\n

After the price of ETH rallied from a weekly low of $900, the price went to a high of $2,013, as many expected the price to form a base or support before continuation ahead of the scheduled merge.<\/p>\n

The price of ETH was rejected at $2,013, and the price has since struggled to regain its bullish strength as many traders are anticipating a drop to the region of $700-$500 as these zones have been identified as high-demand areas for the price of ETH.<\/p>\n

ETH currently trades at $1,290, holding its price from falling below the support it has formed at $1,270-$1,200; a drop below this zone could mean a retest of $1000-$900 region again.<\/p>\n

Weekly resistance for the price of ETH \u2013 $1,400.<\/p>\n

Weekly support for the price of ETH \u2013 $1,270-$1,200.<\/p>\n

Price Analysis Of ETH On The Daily (1D) Chart
\nDaily ETH Price Chart | Source: ETHUSDT On Tradingview.com<\/a><\/p>\n

In the daily timeframe, the price of ETH continues to trade below the 50, and 200 Exponential Moving Average (EMA) as the price continues to range in a channel<\/a> with price struggling to break in either side.<\/p>\n

The prices of $1,424 and $1,800 correspond to the prices at 50 and 200 EMA acting as resistance for ETH.<\/p>\n

The price of ETH needs to reclaim $1,400 for the price to look safe; a drop to $900 could trigger a more retracement to a region of $700-$500 due to panic selling with investors and whales waiting for such a juicy price.<\/p>\n

Daily resistance for the ETH price \u2013 $1,424.<\/p>\n

Daily support for the ETH price \u2013 $1,270-$1,200.<\/p>\n

Featured Image From NullTX, Charts From Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

ETH prices continue to trend downwards as prices remain bearish, with price trading on critical support.\u00a0
\nETH trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs as many traders and investors wish for $500.\u00a0
\nThe price of ETH needs to break and hold above the key resistance of $1,400 to initiate recovery signs for the price.\u00a0<\/p>\n

The price of Ethereum (ETH) continues to struggle to discover its bullish trend before the \u201cEthereum Merge\u201d as the price fails to break the key resistance of $1,400 against tether (USDT). Ethereum (ETH) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains. (Data from Binance)\u00a0<\/p>\n

Ethereum (ETH) Price Analysis On The Weekly Chart.<\/p>\n

Life after post \u201cEthereum Merge\u201d has not been easy for the Ethereum price, with many traders and investors expecting a rally to a region of $5,000. Despite showing some great price movement in recent weeks, the price of ETH has continued to maintain a downtrend as it faces a crucial test to hold above $1,200 or defer the odds and go lower.<\/p>\n

After the price of ETH rallied from a weekly low of $900, the price went to a high of $2,013, as many expected the price to form a base or support before continuation ahead of the scheduled merge.<\/p>\n

The price of ETH was rejected at $2,013, and the price has since struggled to regain its bullish strength as many traders are anticipating a drop to the region of $700-$500 as these zones have been identified as high-demand areas for the price of ETH.<\/p>\n

ETH currently trades at $1,290, holding its price from falling below the support it has formed at $1,270-$1,200; a drop below this zone could mean a retest of $1000-$900 region again.<\/p>\n

Weekly resistance for the price of ETH \u2013 $1,400.<\/p>\n

Weekly support for the price of ETH \u2013 $1,270-$1,200.<\/p>\n

Price Analysis Of ETH On The Daily (1D) Chart
\nDaily ETH Price Chart | Source: ETHUSDT On Tradingview.com<\/a><\/p>\n

In the daily timeframe, the price of ETH continues to trade below the 50, and 200 Exponential Moving Average (EMA) as the price continues to range in a channel<\/a> with price struggling to break in either side.<\/p>\n

The prices of $1,424 and $1,800 correspond to the prices at 50 and 200 EMA acting as resistance for ETH.<\/p>\n

The price of ETH needs to reclaim $1,400 for the price to look safe; a drop to $900 could trigger a more retracement to a region of $700-$500 due to panic selling with investors and whales waiting for such a juicy price.<\/p>\n

Daily resistance for the ETH price \u2013 $1,424.<\/p>\n

Daily support for the ETH price \u2013 $1,270-$1,200.<\/p>\n

Featured Image From NullTX, Charts From Tradingview<\/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-9545","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\/9545","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=9545"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9545\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9545"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}