{"id":10094,"date":"2022-10-06T05:14:51","date_gmt":"2022-10-06T05:14:51","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/06\/ta-ethereum-price-looks-ready-for-another-leg-higher-over-1500-heres-why\/"},"modified":"2022-10-06T05:14:53","modified_gmt":"2022-10-06T05:14:53","slug":"ta-ethereum-price-looks-ready-for-another-leg-higher-over-1500-heres-why","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/06\/ta-ethereum-price-looks-ready-for-another-leg-higher-over-1500-heres-why\/","title":{"rendered":"TA: Ethereum Price Looks Ready For Another Leg Higher Over $1,500: Here\u2019s Why"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"85.570479704797\">\n<p><em>Ethereum is displaying constructive indicators above the $1,350 resistance zone in opposition to the US Dollar. ETH may achieve bullish momentum if there&#8217;s a clear transfer above the $1,400 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is gaining tempo and lately traded above the $1,375 degree.<\/li>\n<li>The value is now buying and selling above $1,350 and the 100 hourly easy shifting common.<\/li>\n<li>There was a break above a significant bearish development line with resistance close to $1,355 on the hourly chart of ETH\/USD (knowledge feed through Kraken).<\/li>\n<li>The pair may proceed to rise if there&#8217;s a clear transfer above the $1,400 resistance.<\/li>\n<\/ul>\n<h2>Ethereum Price Remains Supported<\/h2>\n<p>Ethereum <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-aim-1500\/\" target=\"_blank\" rel=\"noopener\">remained well bid<\/a> above the $1,300 and $1,310 ranges. ETH fashioned a base above the $1,320 degree and began a recent enhance above the $1,3330 degree.<\/p>\n<p>There was a gentle enhance above the $1,350 resistance degree and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-could-rally-2k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. Besides, there was a break above a significant bearish development line with resistance close to $1,355 on the hourly chart of ETH\/USD. The pair even climbed above the $1,375 resistance zone.<\/p>\n<p>A excessive was fashioned close to $1,385 and the worth is now consolidating beneficial properties. Ether value is buying and selling above $1,350 and the 100 hourly easy shifting common.<\/p>\n<p>It is now buying and selling close to the 23.6% Fib retracement degree of the upward transfer from the $1,316 swing low to $1,385 excessive. On the upside, the worth is going through resistance close to the $1,385 zone. The first main resistance is seen close to the $1,400 degree.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-505104\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4.png\" alt=\"Ethereum Price\" width=\"1950\" height=\"1115\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4.png 1950w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4-460x263.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4-860x492.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4-768x439.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4-1536x878.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4-750x429.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-4-1140x652.png 1140w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>A transparent break above $1,400 would possibly begin a gentle enhance in direction of the $1,450 degree. The subsequent main resistance may very well be close to the $1,500 degree, above which the worth may achieve bullish momentum. In the acknowledged case, the worth could maybe rise in direction of the $1,550 degree.<\/p>\n<h2>Dips Supported in ETH?<\/h2>\n<p>If ethereum fails to climb above the $1,400 resistance, it may begin a draw back correction. An preliminary assist on the draw back is close to the $1,365 degree.<\/p>\n<p>The subsequent main assist is close to the $1,350 degree. It is close to the 50% Fib retracement degree of the upward transfer from the $1,316 swing low to $1,385 excessive. A draw back break under the $1,350 degree would possibly ship the worth in direction of the $1,320 assist.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum within the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now properly above the 50 degree.<\/p>\n<p>Major Support Level \u2013 $1,350<\/p>\n<p>Major Resistance Level \u2013 $1,400<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-looks-ready-1500\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum is displaying constructive indicators above the $1,350 resistance zone in opposition to the US Dollar. ETH may achieve bullish momentum if there&#8217;s a clear transfer above the $1,400 resistance. Ethereum is gaining tempo and lately traded above the $1,375 degree. The value is now buying and selling above $1,350 and the 100 hourly 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