Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels.<\/p>\n
Ethereum remained strong above the $1,265 support zone and started a decent increase.
\nThe price is now trading above $1,320 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if it clears the $1,350 resistance zone.<\/p>\n
Ethereum Price Eyes More Gains<\/p>\n
Ethereum formed a base above the $1,260 level and started a decent increase, similar to bitcoin price<\/a>. ETH was able to climb higher above the $1,280 and $1,300 levels.<\/p>\n There was a break above the 50% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Ether price is now trading above $1,320 and the 100 hourly simple moving average. It seems like the bulls are in control<\/a> above the $1,320 level.<\/p>\n It is also trading above the 76.4% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Besides, there is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD.<\/p>\n An immediate resistance on the upside is near the $1,340 zone or the last swing high. The first major resistance is near the $1,350 level. A clear upside break above the $1,350 resistance zone could open the doors for more gains. In the stated case, the price may perhaps rise towards the $1,400 resistance.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n The 1.618 Fib extension level of the key drop from the $1,344 swing high to $1,262 low is also near the $1,400 zone. Any more gains might send the price towards the $1,500 resistance.<\/p>\n Downside Break in ETH?<\/p>\n If ethereum fails to climb above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,315 level and the trend line.<\/p>\n The next major support is near the $1,300 level and the 100 hourly simple moving average. A downside break below the $1,300 zone might start a fresh decline to $1,260. Any more losses may perhaps open the gates for a move towards the $1,200 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 $1,300<\/p>\n Major Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels.<\/p>\n Ethereum remained strong above the $1,265 support zone and started a decent increase. Ethereum Price Eyes More Gains<\/p>\n Ethereum formed a base above the $1,260 level and started a decent increase, similar to bitcoin price<\/a>. ETH was able to climb higher above the $1,280 and $1,300 levels.<\/p>\n There was a break above the 50% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Ether price is now trading above $1,320 and the 100 hourly simple moving average. It seems like the bulls are in control<\/a> above the $1,320 level.<\/p>\n It is also trading above the 76.4% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Besides, there is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD.<\/p>\n An immediate resistance on the upside is near the $1,340 zone or the last swing high. The first major resistance is near the $1,350 level. A clear upside break above the $1,350 resistance zone could open the doors for more gains. In the stated case, the price may perhaps rise towards the $1,400 resistance.<\/p>\n
\nThe price is now trading above $1,320 and the 100 hourly simple moving average.
\nThere is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if it clears the $1,350 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe 1.618 Fib extension level of the key drop from the $1,344 swing high to $1,262 low is also near the $1,400 zone. Any more gains might send the price towards the $1,500 resistance.<\/p>\nDownside Break in ETH?<\/p>\nIf ethereum fails to climb above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,315 level and the trend line.<\/p>\nThe next major support is near the $1,300 level and the 100 hourly simple moving average. A downside break below the $1,300 zone might start a fresh decline to $1,260. Any more losses may perhaps open the gates for a move towards the $1,200 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 $1,300<\/p>\nMajor Resistance Level \u2013 $1,350<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels.<\/p>\nEthereum remained strong above the $1,265 support zone and started a decent increase.\nThe price is now trading above $1,320 and the 100 hourly simple moving average.\nThere is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could gain bullish momentum if it clears the $1,350 resistance zone.<\/p>\nEthereum Price Eyes More Gains<\/p>\nEthereum formed a base above the $1,260 level and started a decent increase, similar to bitcoin price<\/a>. ETH was able to climb higher above the $1,280 and $1,300 levels.<\/p>\nThere was a break above the 50% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Ether price is now trading above $1,320 and the 100 hourly simple moving average. It seems like the bulls are in control<\/a> above the $1,320 level.<\/p>\nIt is also trading above the 76.4% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Besides, there is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH\/USD.<\/p>\nAn immediate resistance on the upside is near the $1,340 zone or the last swing high. The first major resistance is near the $1,350 level. A clear upside break above the $1,350 resistance zone could open the doors for more gains. In the stated case, the price may perhaps rise towards the $1,400 resistance.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe 1.618 Fib extension level of the key drop from the $1,344 swing high to $1,262 low is also near the $1,400 zone. Any more gains might send the price towards the $1,500 resistance.<\/p>\nDownside Break in ETH?<\/p>\nIf ethereum fails to climb above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,315 level and the trend line.<\/p>\nThe next major support is near the $1,300 level and the 100 hourly simple moving average. A downside break below the $1,300 zone might start a fresh decline to $1,260. Any more losses may perhaps open the gates for a move towards the $1,200 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 $1,300<\/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-9988","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\/9988","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=9988"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9988\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9988"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-15.png\"){kind=link}