Ethereum Price Consolidates Below $1,250: What Could Trigger A Fresh Rally?

2022-12-22 07:42

Ethereum is facing resistance above $1,250 against the US Dollar. ETH could gain bullish momentum if it clears the $1,230 and $1,250 resistance levels.

Ethereum attempted a recovery wave and climbed above the $1,200 level. The price is now trading above $1,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could a steady increase if there is a clear move above $1,230 and $1,250. Ethereum Price Eyes Upsides Break

Ethereum price started an upside correction from the $1,150 support zone. ETH was able to climb above the $1,180 and $1,200 levels.

There was a close above the $1,200 level and the 100 hourly simple moving average. Ether price even tested the $1,230 resistance zone. It is now consolidating below the $1,230 level, similar to bitcoin. There was a minor decline below the $1,220 level.

The price declined below 23.6% Fib retracement level of the upward move from the $1,150 swing low to $1,230 high. Ether is now trading above $1,200 and the 100 hourly simple moving average.

An immediate resistance is near the $1,220 level. There is also a key contracting triangle forming with resistance near $1,220 on the hourly chart of ETH/USD. The first major resistance is near the $1,230 level. A clear upside break above the $1,230 resistance could send the price towards the $1,250 resistance.

Source: ETHUSD on TradingView.com

To start a steady increase, the price must settle above the $1,230 and $1,250 levels. The next major resistance could be $1,300. If the bulls clear the $1,300 resistance, the price might rise towards $1,345. Any more gains might send the price towards the $1,400 resistance zone.

Fresh Decrease in ETH?

If ethereum fails to climb above the $1,230 resistance, it could start another drop. An initial support on the downside is near the $1,200 level and the 100 hourly simple moving average.

The next major support is near the $1,190 level. It is close to the 50% Fib retracement level of the upward move from the $1,150 swing low to $1,230 high. A downside break below $1,190 might spark a move towards the $1,150 support. Any more losses could lead the price towards the $1,065 support.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now slowly gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,190

Major Resistance Level – $1,230

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Ethereum (ETH) на Currencies.ru

$ 1793.99 (-0.13%)
Объем 24H $9.002b
Изменеия 24h: 3.03 %, 7d: 3.11 %
Cегодня L: $1738.7 - H: $1798.61
Капитализация $216.504b Rank 2
Цена в час новости $ 1215.93 (47.54%)

250 ethereum above could resistance clears momentum

Источник: newsbtc.com

250 ethereum → Результатов: 126


Фото:

Bitcoin, Ethereum, альткоины — Обзор криптовалют — 28/02/2020

Снижение на рынке криптовалют продолжилось. Со среды показатель суммарной капитализации рынка потерял 4,2% и к текущему моменту его значение составляет $250 млрд. Наш индикатор BC 10 Index потерял 3,7%, опустившись до значения 156 пунктов.

2020-2-28 11:51


Ethereum резко подскочил выше $250, показав прирост на 14,5% за последние сутки

12 февраля эфириум преодолел рубеж в $250 в 10:30 МСК. В 10:44 курс второй по рыночной капитализации криптовалюты достиг локального максимума в $254,21, и это был самый большой дневной прирост с середины января.

2020-2-12 12:57


Фото:

ЮНИСЕФ наращивает инвестиции в социальные блокчейн-проекты

Инкубатор Ethereum Classic Labs (ETC Labs) выделит $1 млн на поддержку блокчейн-стартапов в рамках партнерства с Фондом инноваций ЮНИСЕФ. В заявлении ETC Labs сказано, что $750 тыс. получат стартапы, отобранные Фондом, сама благотворительная организация получит $250 тыс.

2020-1-23 12:04


Tim Draper Expresses Uneasiness for Ethereum’s Issuance Rate but Impressed by Smart Contracts

During a recent interview with Ethereum Classic Labs, American Venture Capital Investor, Timothy Cook Draper expressed his uneasiness with Ethereum, while also praising the blockchain reports CCN. What troubles the investor who is popularly known for his $250,000 prediction for the crypto giant, Bitcoin [BTC], is Ethereum’s issuance rate of two to four percent yearly. […]

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