Ethereum failed to clear the $1,350 resistance and corrected lower against the US Dollar. ETH is holding the key support and might aim a fresh move to $1,400.<\/p>\n
Ethereum started a downside correction and tested the $1,265 support zone.
\nThe price is now trading above $1,300 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair seems to be fresh increase above the $1,350 resistance zone.<\/p>\n
Ethereum Price Remains Supported<\/p>\n
Ethereum struggled to continue higher<\/a> above the $1,350 resistance, similar to bitcoin price. ETH formed a short-term high at $1,343 and started a downside correction.<\/p>\n There was a move below the $1,320 and $1,300 levels. Ether price even spiked below $1,280 and the 100 hourly simple moving average. However, the bulls were active near the $1,265 support zone. A low was formed near $1,262 and the price is now rising.<\/p>\n There was a move above the $1,290 and $1,300 levels. The price cleared the 50% Fib retracement level of the recent decline from the $1,343 swing high to $1,262 low.<\/p>\n It is now trading above $1,300 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,295 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,315 level.<\/p>\n It is near the 61.8% Fib retracement level of the recent decline from the $1,343 swing high to $1,262 low. A clear upside break above the $1,315 resistance zone could open the doors for more gains.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n In the stated case, the price may perhaps rise towards the $1,350 resistance. Any more gains might send the price towards the $1,400 resistance.<\/p>\n Downside Break in ETH?<\/p>\n If ethereum fails to climb above the $1,315 resistance, it could continue to move down. An initial support on the downside is near the $1,300 level and the 100 hourly simple moving average.<\/p>\n The next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,215. Any more losses may perhaps open the gates for a move towards the $1,150 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 above the 50 level.<\/p>\n Major Support Level \u2013 $1,265<\/p>\n Major Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum failed to clear the $1,350 resistance and corrected lower against the US Dollar. ETH is holding the key support and might aim a fresh move to $1,400.<\/p>\n Ethereum started a downside correction and tested the $1,265 support zone. Ethereum Price Remains Supported<\/p>\n Ethereum struggled to continue higher<\/a> above the $1,350 resistance, similar to bitcoin price. ETH formed a short-term high at $1,343 and started a downside correction.<\/p>\n There was a move below the $1,320 and $1,300 levels. Ether price even spiked below $1,280 and the 100 hourly simple moving average. However, the bulls were active near the $1,265 support zone. A low was formed near $1,262 and the price is now rising.<\/p>\n There was a move above the $1,290 and $1,300 levels. The price cleared the 50% Fib retracement level of the recent decline from the $1,343 swing high to $1,262 low.<\/p>\n It is now trading above $1,300 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,295 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,315 level.<\/p>\n It is near the 61.8% Fib retracement level of the recent decline from the $1,343 swing high to $1,262 low. A clear upside break above the $1,315 resistance zone could open the doors for more gains.<\/p>\n
\nThe price is now trading above $1,300 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair seems to be fresh increase above the $1,350 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nIn the stated case, the price may perhaps rise towards the $1,350 resistance. Any more gains might send the price towards the $1,400 resistance.<\/p>\nDownside Break in ETH?<\/p>\nIf ethereum fails to climb above the $1,315 resistance, it could continue to move down. An initial support on the downside is near the $1,300 level and the 100 hourly simple moving average.<\/p>\nThe next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,215. Any more losses may perhaps open the gates for a move towards the $1,150 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 above the 50 level.<\/p>\nMajor Support Level \u2013 $1,265<\/p>\nMajor Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum failed to clear the $1,350 resistance and corrected lower against the US Dollar. ETH is holding the key support and might aim a fresh move to $1,400.<\/p>\nEthereum started a downside correction and tested the $1,265 support zone.\nThe price is now trading above $1,300 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair seems to be fresh increase above the $1,350 resistance zone.<\/p>\nEthereum Price Remains Supported<\/p>\nEthereum struggled to continue higher<\/a> above the $1,350 resistance, similar to bitcoin price. ETH formed a short-term high at $1,343 and started a downside correction.<\/p>\nThere was a move below the $1,320 and $1,300 levels. Ether price even spiked below $1,280 and the 100 hourly simple moving average. However, the bulls were active near the $1,265 support zone. A low was formed near $1,262 and the price is now rising.<\/p>\nThere was a move above the $1,290 and $1,300 levels. The price cleared the 50% Fib retracement level of the recent decline from the $1,343 swing high to $1,262 low.<\/p>\nIt is now trading above $1,300 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,295 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,315 level.<\/p>\nIt is near the 61.8% Fib retracement level of the recent decline from the $1,343 swing high to $1,262 low. A clear upside break above the $1,315 resistance zone could open the doors for more gains.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nIn the stated case, the price may perhaps rise towards the $1,350 resistance. Any more gains might send the price towards the $1,400 resistance.<\/p>\nDownside Break in ETH?<\/p>\nIf ethereum fails to climb above the $1,315 resistance, it could continue to move down. An initial support on the downside is near the $1,300 level and the 100 hourly simple moving average.<\/p>\nThe next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,215. Any more losses may perhaps open the gates for a move towards the $1,150 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 above the 50 level.<\/p>\nMajor Support Level \u2013 $1,265<\/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-9883","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\/9883","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=9883"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9883\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9883"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-13.png\"){kind=link}