{"id":184211,"date":"2023-10-31T11:20:44","date_gmt":"2023-10-31T05:50:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=184211"},"modified":"2023-10-31T11:20:44","modified_gmt":"2023-10-31T05:50:44","slug":"ethereum-price-uptrend-to-continue-these-could-be-the-factors-to-watch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-uptrend-to-continue-these-could-be-the-factors-to-watch-crypto-news\/","title":{"rendered":"Ethereum Price Uptrend To Continue? These Could Be The Factors To Watch &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Ethereum price is slowly moving higher toward the $1,850 resistance against the US dollar. ETH must clear $1,820 and $1,850 to continue higher.<\/em><\/p>\n<ul>\n<li>Ethereum is still facing a major hurdle near the $1,850 zone.<\/li>\n<li>The price is trading above $1,780 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key rising channel forming with support near $1,790 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $1,820 resistance.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Fresh Increase<\/h2>\n<p>Ethereum remained in a range below the $1,850 resistance. There was a minor decline, but ETH remained supported above the $1,750 zone, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-hints-correction-33950\/\">Bitcoin<\/a>.<\/p>\n<p>The price is now moving higher above the $1,780 level. There was a break above the 50% Fib retracement level of the upward move from the $1,865 swing high to the $1,741 low. There is also a key rising channel forming with support near $1,790 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum is now trading above $1,780 and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-faces-big-move-2000\/\">100-hourly Simple Moving Average<\/a>. On the upside, the price is facing resistance near the $1,820 level. It is close to the 61.8% Fib retracement level of the upward move from the $1,865 swing high to the $1,741 low.<\/p>\n<p>A clear move above the $1,820 resistance could send Ether toward the main hurdle at $1,850. A close above the $1,850 resistance could start a decent increase. In the stated case, the price could rally toward $1,920.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Ethereum-22.png?resize=1024%2C468\"><\/a><\/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>The next key resistance is near $1,950, above which the price could accelerate higher. In the stated case, the price could rise toward the $2,000 level. The main hurdle sits at $2,040.<\/p>\n<h2>Another Drop in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,820 resistance, it could start another decline. Initial support on the downside is near the $1,790 level, the 100-hourly Simple Moving Average, and the trend line.<\/p>\n<p>The next key support is $1,750. A downside break below the $1,750 support might trigger more bearish moves. In the stated case, Ether could drop toward the $1,700 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,750<\/p>\n<p>Major Resistance Level \u2013 $1,820<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is slowly moving higher toward the $1,850 resistance against the US dollar. ETH must clear $1,820 and $1,850 to continue higher. Ethereum is still facing a major hurdle near the $1,850 zone. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":163595,"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-184211","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\/184211","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=184211"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184211\/revisions"}],"predecessor-version":[{"id":184212,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184211\/revisions\/184212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/163595"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=184211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=184211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=184211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}