PLUS1
| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| Ethereum | ETHUSD | Crypto | 201,671,270,128 | Ethash |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| 34.39 | 2.10% | 1,675.40 | 1,675.41 | 1,675.45 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 1,714.83 | 1,639.45 | 1,642.53 | 1,641.07 | 880.00 - 3,581.60 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| GDAX | 20:47:13 | 0.300000 | 1,675.44 | USD |
TA: Ethereum Price Breaks Hurdle, Why Bulls Could Aim $1,500 or Higher
05/10/2022 5:08am
NEWSBTC
Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone. Ethereum is slowly moving higher and trading above the $1,350 level. The price is now trading above $1,350 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,370 resistance. Ethereum Price Eyes More Upsides Ethereum formed a support base above the $1,250 level. ETH remained strong and started a steady increase above the $1,300 level. The price was able to clear the $1,320 resistance zone and the 100 hourly simple moving average. There was also a move above the $1,350 level. It traded as high as $1,369 and is currently consolidating gains. Ether price is now trading above $1,350 and the 100 hourly simple moving average. The price is also trading above the 23.6% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high. Besides, there is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,370 zone. Source: ETHUSD on TradingView.com A clear break above $1,370 might start another increase towards the $1,400 level. If the bulls remain in action, the price could rise towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance zone. The next major resistance sits near the $1,550 level. Dips Limited in ETH? If ethereum fails to climb above the $1,360 resistance, it could start a downside correction. An initial support on the downside is near the $1,350 level and the trend line. The next major support is near the $1,320 level. It is near the 50% Fib retracement level of the upward move from the $1,268 swing low to $1,369 high. A downside break below the $1,320 level might send the price towards the $1,275 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $1,320 Major Resistance Level – $1,370
1 Year Ethereum Chart |
1 Month Ethereum Chart |