{"id":16364,"date":"2023-01-18T04:49:19","date_gmt":"2023-01-18T04:49:19","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/18\/ethereum-price-remains-supported-for-a-fresh-increase-above-1600\/"},"modified":"2023-01-18T04:49:21","modified_gmt":"2023-01-18T04:49:21","slug":"ethereum-price-remains-supported-for-a-fresh-increase-above-1600","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/18\/ethereum-price-remains-supported-for-a-fresh-increase-above-1600\/","title":{"rendered":"Ethereum Price Remains Supported For A Fresh Increase Above $1,600"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum is consolidating beneficial properties above $1,500 towards the US Dollar. ETH may begin one other improve and clear the $1,600 resistance zone within the close to time period.<\/em><\/p>\n<ul>\n<li>Ethereum is displaying constructive indicators above the $1,500 and $1,520 resistance ranges.<\/li>\n<li>The value is now buying and selling above $1,550 and the 100 hourly easy transferring common.<\/li>\n<li>There is a connecting bullish development line forming with help close to $1,570 on the hourly chart of ETH\/USD (information feed by way of Kraken).<\/li>\n<li>The pair may rise additional until there&#8217;s a draw back break under the $1,515 help.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Another Increase<\/h2>\n<p>Ethereum value remained secure above the $1,500 resistance. ETH made one other try and clear the $1,600 resistance zone, just like <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-challenge-21-5k\/\" target=\"_blank\" rel=\"noopener\">bitcoin<\/a> at $21,500.<\/p>\n<p>However, the bears had been energetic close to the $1,600 resistance zone. A excessive is fashioned close to $1,607 and the worth is now consolidating beneficial properties. There was a minor decline under the 50% Fib retracement degree of the upward transfer from the $1,541 swing low to $1,607 excessive.<\/p>\n<p>The value is now displaying <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet\/\" target=\"_blank\" rel=\"noopener\">positive signs above the $1,540 support<\/a>. It even remained secure above the 61.8% Fib retracement degree of the upward transfer from the $1,541 swing low to $1,607 excessive.<\/p>\n<p>Ether value is now buying and selling above $1,550 and the 100 hourly easy transferring common. There can be a connecting bullish development line forming with help close to $1,570 on the hourly chart of ETH\/USD. An instant resistance is close to the $1,600 degree. The subsequent main resistance is close to the $1,620 degree. An upside break above the $1,620 resistance zone may begin a contemporary improve.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-516442\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11.png\" alt=\"Ethereum Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11.png 1950w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11-460x262.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11-860x489.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11-768x437.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11-1536x874.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11-750x427.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-11-1140x648.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=\"nofollow noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>In the said case, the worth might maybe rise in the direction of the $1,700 resistance. Any extra beneficial properties may ship the worth in the direction of $1,720 and even $1,750 within the close to time period.<\/p>\n<h2>Dips Limited in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,600 resistance, it may begin a draw back correction. An preliminary help on the draw back is close to the $1,575 degree and the development line.<\/p>\n<p>The subsequent main help is close to the $1,550 degree. If there&#8217;s a transfer under $1,550, the worth may take a look at the $1,515 help. Any extra losses may name for a take a look at of the $1,450 zone.<\/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 above the 50 degree.<\/p>\n<p>Major Support Level \u2013 $1,540<\/p>\n<p>Major Resistance Level \u2013 $1,600<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-supported-1500\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum is consolidating beneficial properties above $1,500 towards the US Dollar. ETH may begin one other improve and clear the $1,600 resistance zone within the close to time period. Ethereum is displaying constructive indicators above the $1,500 and $1,520 resistance ranges. The value is now buying and selling above $1,550 and the 100 hourly 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