{"id":156352,"date":"2023-09-15T10:13:59","date_gmt":"2023-09-15T04:43:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156352"},"modified":"2023-09-15T10:13:59","modified_gmt":"2023-09-15T04:43:59","slug":"ethereum-price-nears-make-or-break-resistance-can-bulls-make-it-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-nears-make-or-break-resistance-can-bulls-make-it-crypto-news\/","title":{"rendered":"Ethereum Price Nears Make-or-Break Resistance, Can Bulls Make It? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Ethereum price is eyeing a key upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if there is a close above $1,650 and $1,670.<\/em><\/p>\n<ul>\n<li>Ethereum is moving higher toward the $1,650 resistance.<\/li>\n<li>The price is trading above $1,610 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term rising channel forming with support near $1,630 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise steadily if there is a close above $1,650 and $1,670.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Upside Break<\/h2>\n<p>Ethereum\u2019s price formed a base above the $1,580 level and extended its increase. ETH traded above the $1,620 resistance to move into a positive zone, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-26850\/\">Bitcoin<\/a>.<\/p>\n<p>The price is now trading near a key barrier at $1,650, above which it could <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-primed-gains-1650\/\">accelerate higher<\/a>. Ether is now trading above $1,610 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the recent increase from the $1,582 swing low to the $1,644 high.<\/p>\n<p>Besides, there is a short-term rising channel forming with support near $1,630 on the hourly chart of ETH\/USD. On the upside, the price might face resistance near the $1,645 level. The next resistance is near the $1,650 level. A close above the $1,650 resistance might push the price toward the $1,670 resistance.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\">ETHUSD on TradingView.com<\/a><\/p>\n<p>To start a steady increase, the price must settle above the $1,670 resistance. The next major hurdle is near the $1,750 level. A close above the $1,750 level might send Ethereum further higher toward $1,880.<\/p>\n<h2>Another Rejection in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,630 level and the channel trend line.<\/p>\n<p>The first key support is close to $1,610, the 100-hourly Simple Moving Average, and the 50% Fib retracement level of the recent increase from the $1,582 swing low to the $1,644 high. The next key support is $1,580. A downside break below $1,580 might start another bearish wave. In the stated case, the price could even decline toward the $1,520 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,610<\/p>\n<p>Major Resistance Level \u2013 $1,650<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is eyeing a key upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if there is a close above $1,650 and $1,670. Ethereum is moving higher toward the $1,650 resistance. The price is trading above $1,610 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-156352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156352","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=156352"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156352\/revisions"}],"predecessor-version":[{"id":156354,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156352\/revisions\/156354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156353"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}