{"id":148735,"date":"2023-09-02T21:08:16","date_gmt":"2023-09-02T15:38:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/eth-price-to-hit-1500-soon-crypto-news\/"},"modified":"2023-09-02T21:08:19","modified_gmt":"2023-09-02T15:38:19","slug":"eth-price-to-hit-1500-soon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eth-price-to-hit-1500-soon-crypto-news\/","title":{"rendered":"ETH Price to Hit $1500 Soon? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-158312\">\n<p>\nDemand pressure near the 200 EMA support is protecting ETH Price from a major correction\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"650\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/09\/02205725\/zMx3JLKL-1-e1693668483331.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Ethereum Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 16 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">During the aggressive sell-off in mid-August, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> showed a bearish breakdown from the support trendline of the channel pattern. Losing the support which carried a bullish trend for nine months, reflects this coin is at risk of an extended correction. However, the falling price halted at 200 EMA slope around $1620 reflecting the buyers\u2019 push to hold higher prices. Will this support bolster the continuation of the prior downtrend?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/just-in-end-of-goerli-as-ethereum-clients-release-updates-for-holesky-testnet\/\">End Of \u201cGoerli\u201d As Ethereum Clients Release Updates For Holesky Testnet<\/a><\/p>\n<h2><b>Ethereum Daily Chart: Key Points<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Ethereum price may remain at risk of longer correction if the ETH price is unable to rebound from 200 weekly EMA<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A breakdown below 200 EMA will trigger a sharp 10% drop in the near term<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume in Ether is $4.8 Billion, indicating a 30% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Prediction\" width=\"1564\" height=\"847\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/zMx3JLKL.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/zMx3JLKL.png\" alt=\"Ethereum Price Prediction\" width=\"1564\" height=\"847\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite a high momentum breakdown from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/parallel-channel-pattern\/\">channel pattern<\/a>, the ETH sellers failed to offer a suitable follow up reflecting a lack of conviction in bears. Moreover, the weekly chart showed long-wick rejection candles at 200-day EMA as a sign of active accumulation.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">The 200-day EMA is an important technical tool that segregates between the bullish or bearish sentiment in the market. Historically, this EMA slope has acted as major support or resistance and an important turning point in the market.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Considering the bearish momentum in the market, the Ether price should give a weekly candle closing above the aforementioned support to get a better confirmation for downtrend continuation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The post-break fall may have plunged the price to $1500, followed by $1366.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Here\u2019s how ETH Price may restore a bullish trend.<\/b><\/h2>\n<p><span style=\"font-weight: 400\">While the bearish momentum seems valid for the ETH price, the increasing demand pressure at EMA support could offer a significant bounceback. However, the potential upswing must surpass the aforementioned breakdown high of $1800 to get better confirmation of recovery.<\/span><\/p>\n<ul>\n<li><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">A downtick in the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI slope<\/a> reflects the selling momentum is active.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400\">A bearish crossover between the 20-and-50 weekly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMAs<\/a> would bolster sellers for a prolonged downfall.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-eth-price-to-hit-1500-soon\/&#038;text=Ethereum Price Prediction: ETH Price to Hit $1500 if Buyers Lose this Key Support\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ethereum-price-prediction-eth-price-to-hit-1500-soon\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-eth-price-to-hit-1500-soon\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ethereum-price-prediction-eth-price-to-hit-1500-soon\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA158312\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD158312\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand pressure near the 200 EMA support is protecting ETH Price from a major correction Published 16 seconds ago During the aggressive sell-off in mid-August, the Ethereum price showed a bearish breakdown from the support trendline of the channel pattern. Losing the support which carried a bullish trend for nine months, reflects this coin is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":148736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-148735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/148735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=148735"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/148735\/revisions"}],"predecessor-version":[{"id":148737,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/148735\/revisions\/148737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/148736"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=148735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=148735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=148735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}