| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| Ethereum | ETHUSD | Crypto | 222,513,298,548 | Not Mineable |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| 19.92 | 1.09% | 1,850.23 | 1,850.18 | 1,850.44 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 1,860.00 | 1,823.86 | 1,829.32 | 1,830.53 | 880.00 - 2,142.85 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| GDAX | 21:01:04 | 0.058021 | 1,850.44 | USD |
Ethereum Price Could Take-off If It Clears This Key Resistance Zone
01/02/2023 4:16am
NEWSBTC
Ethereum is attempting a fresh increase above the $1,580 resistance against the US Dollar. ETH could gain bullish momentum if it clears the $1,610 resistance zone. Ethereum is slowly moving higher from the $1,530 support zone. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key rising channel forming with support at $1,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase if there is a clear move above the $1,610 resistance. Ethereum Price Faces Resistance Ethereum price extended its decline below the $1,600 support zone. However, ETH bulls were active near the $1,550 level. A low was formed near $1,530 before the price started a decent increase, similar to bitcoin. There was a break above the $1,565 and $1,580 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $1,660 swing high to $1,530 low. It even spiked above the $1,595 resistance and the 100 hourly simple moving average. Ether price is now facing a strong resistance near the $1,600 zone and trading below the 100 hourly simple moving average. There is also a key rising channel forming with support at $1,575 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,595 level. It is close to the 50% Fib retracement level of the downward wave from the $1,660 swing high to $1,530 low. The next major resistance is near the $1,610 level. An upside break above the $1,610 resistance zone could start a decent increase. In the stated case, the price may perhaps rise towards the $1,660 resistance. Any more gains might send ether towards the $1,720 level. Fresh Decline in ETH? If ethereum fails to clear the $1,610 resistance, it could start a fresh decline. An initial support on the downside is near the $1,575 level and the channel trend line. The next major support is near the $1,530 level. If there is a break below $1,530, the price might drop towards the $1,500 support. Any more losses might call for a test of the $1,450 zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,530 Major Resistance Level – $1,610
1 Year Ethereum Chart |
1 Month Ethereum Chart |