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Name Symbol Market Market Cap ($) Algorithm
TRON TRXUSD Crypto 5,934,248,342 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.00086 1.35% 0.064588 0.064419 0.064699
High Price Low Price Open Price Prev. Close 52 Week Range
0.064666 0.063634 0.0638 0.063728 0.001130 - 0.093388
Exchange Last Trade Size Trade Price Currency
KRKN 07:34:06 2,400.00 0.064623 USD
Price x Volume Volume Base Symbol Related Pairs
35,704.68 556,878.69 TRX TRXEUR TRXGBP TRXBTC

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

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