{"id":16273,"date":"2023-01-16T06:19:05","date_gmt":"2023-01-16T06:19:05","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2023\/01\/16\/ethereum-price-accelerates-higher-as-the-bulls-aim-1720\/"},"modified":"2023-01-16T06:19:05","modified_gmt":"2023-01-16T06:19:05","slug":"ethereum-price-accelerates-higher-as-the-bulls-aim-1720","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2023\/01\/16\/ethereum-price-accelerates-higher-as-the-bulls-aim-1720\/","title":{"rendered":"Ethereum Price Accelerates Higher as The Bulls Aim $1,720"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Ethereum climbed greater above the $1,500 resistance zone towards the US Dollar. ETH is consolidating positive aspects and would possibly rise additional in the direction of the $1,650 degree.<\/em><\/p>\n<ul>\n<li>Ethereum began a recent enhance above the $1,450 and $1,500 resistance ranges.<\/li>\n<li>The value is now buying and selling above $1,500 and the 100 hourly easy shifting common.<\/li>\n<li>There is a serious bullish development line forming with assist close to $1,540 on the hourly chart of ETH\/USD (information feed through Kraken).<\/li>\n<li>The pair may rise additional except there&#8217;s a draw back correction beneath the $1,540 assist.<\/li>\n<\/ul>\n<h2>Ethereum Price Signals Bullish<\/h2>\n<p>Ethereum value began a powerful enhance above the $1,400 resistance. ETH was capable of clear the $1,450 resistance zone to maneuver additional right into a optimistic zone, just like <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-resumes-increase-20k\/\" target=\"_blank\" rel=\"noopener\">bitcoin<\/a> above $20,000.<\/p>\n<p>The value even climbed above the $1,500 resistance zone. A excessive is shaped close to $1,584 and the worth is now consolidating positive aspects. Ether value is now buying and selling above $1,500 and the <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-bulls-aim-1500\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. There can also be a serious bullish development line forming with assist close to $1,540 on the hourly chart of ETH\/USD.<\/p>\n<p>The present value motion is optimistic, and the worth is buying and selling above the 23.6% Fib retracement degree of the upward transfer from the $1,505 swing low to $1,584 excessive.<\/p>\n<p>An speedy resistance is close to the $1,585 degree. The subsequent main resistance is close to the $1,620 degree. An upside break above the $1,620 resistance zone may set the tempo for extra positive aspects.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-516157\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9.png\" alt=\"Ethereum Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9.png 1950w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9-460x262.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9-860x489.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9-768x437.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9-1536x874.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9-750x427.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Ethereum-9-1140x648.png 1140w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>In the acknowledged case, the worth could maybe rise in the direction of the $1,700 resistance. Any extra positive aspects would possibly ship the worth in the direction of $1,720 and even $1,800 within the close to time period.<\/p>\n<h2>Dips Limited in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,585 resistance, it may begin a draw back correction. An preliminary assist on the draw back is close to the $1,550 degree.<\/p>\n<p>The subsequent main assist is close to the $1,540 degree and the development line. It is close to the 50% Fib retracement degree of the upward transfer from the $1,505 swing low to $1,584 excessive. If there&#8217;s a transfer beneath $1,540, the worth would possibly check the $1,500 assist. Any extra losses would possibly name for a check of the $1,420 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum within the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 degree.<\/p>\n<p>Major Support Level \u2013 $1,540<\/p>\n<p>Major Resistance Level \u2013 $1,585<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-accelerates-higher-1720\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum climbed greater above the $1,500 resistance zone towards the US Dollar. ETH is consolidating positive aspects and would possibly rise additional in the direction of the $1,650 degree. Ethereum began a recent enhance above the $1,450 and $1,500 resistance ranges. The value is now buying and selling above $1,500 and the 100 hourly easy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3071,2355,963,108,1413,110],"class_list":{"0":"post-16273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-accelerates","9":"tag-aim","10":"tag-bulls","11":"tag-ethereum","12":"tag-higher","13":"tag-price"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/16273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=16273"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/16273\/revisions"}],"predecessor-version":[{"id":16274,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/16273\/revisions\/16274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/16275"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=16273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=16273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=16273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}