{"id":4978,"date":"2020-10-11T06:28:28","date_gmt":"2020-10-11T06:28:28","guid":{"rendered":"https:\/\/www.newsbtc.com\/?p=446048"},"modified":"2020-10-12T07:49:02","modified_gmt":"2020-10-12T07:49:02","slug":"ethereum-predicted-liftoff-to-400","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/ethereum-predicted-liftoff-to-400\/","title":{"rendered":"Ethereum Indicators Suggest ETH Could See \u201cLiftoff\u201d To $400 Above $380"},"content":{"rendered":"<p><em>Ethereum started a steady increase above the $355 resistance against the US Dollar. ETH price tested the $380 resistance and it is currently correcting gains.<\/em><\/p>\n<ul>\n<li>ETH price started a strong upward move after it clears the $355 resistance against the US Dollar.<\/li>\n<li>The price ran into the $380 resistance, but it settled nicely above the 100 simple moving average (4-hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $354 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could correct higher, but downsides might be contained near $355 or the 100 SMA (H4).<\/li>\n<\/ul>\n<h2>Ethereum Price Showing Bullish Signs<\/h2>\n<p>After a brief struggle, <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-recovery-could-soon-fade\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum managed to clear a couple of major hurdles near $350 and $355<\/a> against the US Dollar. ETH price settled above the $355 resistance and the 100 simple moving average (4-hours) to move into a positive zone (<a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-strengthening-case-12k\/\" target=\"_blank\" rel=\"noopener noreferrer\">similar to bitcoin above $11,000<\/a>).<\/p>\n<p>More importantly, there was a break above a major bearish trend line with resistance near $354 on the 4-hours chart of ETH\/USD. Ether price rallied over $20 and it even broke the $370 resistance.<\/p>\n<p>It faced a strong resistance near the $380 level (a multi-touch zone). A new monthly high is formed near $379 and the price is currently correcting gains. There was a break below the $375 and $370 level. The first key support is near the $368 level.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-446049\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8.png\" sizes=\"(max-width: 1828px) 100vw, 1828px\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8.png 1828w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8-460x218.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8-860x408.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8-768x365.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8-1536x729.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8-750x356.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/Ethereum-8-1140x541.png 1140w\" alt=\"Ethereum\" width=\"1828\" height=\"868\" \/><\/a><\/p>\n<pre>Ethereum price rallies above $370. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer\">TradingView.com<\/a><\/pre>\n<p>The 23.6% Fib retracement level of the recent upward move from the $335 swing low to $379 high is also near the $368 level. If there is a downside break below the $368 support zone, ether price is likely to continue lower towards the $355 support.<\/p>\n<p>On the upside, the $380 level is another breakout zone. A clear break above the $380 resistance is likely to clear the path for more gains towards the $395 and $400 resistance levels in the coming sessions.<\/p>\n<h2>Dips Supported in Ether (ETH)?<\/h2>\n<p>If Ethereum fails to clear the $380 resistance zone, it might start a downside correction. An initial support for the bulls is near the $368 level.<\/p>\n<p>The main support is now forming near the $355 level (the last breakout zone) and the 100 simple moving average (4-hours). The 50% Fib retracement level of the recent upward move from the $335 swing low to $379 high is also near the $356 level to provide support.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n<p>4 hours RSI \u2013 The RSI for ETH\/USD is now well above the 60 level.<\/p>\n<p>Major Support Level \u2013 $368<\/p>\n<p>Major Resistance Level \u2013 $380<\/p>\n<p>\u00a0<\/p>\n<p>For more such news and updates , read only at Buyucoin !<\/p>\n<p>\u00a0<\/p>\n<ul>\n<li class=\"entry-title\"><a href=\"https:\/\/www.buyucoin.com\/crypto-labs\/ichimoku-cloud-hints-bitcoin-is-finally-recovering-from-a-crucial-area\/\">&#8220;Ichimoku Cloud\u201d Hints Bitcoin is Finally Recovering From a Crucial Area<\/a><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum started a steady increase above the $355 resistance against the US Dollar. ETH price tested the $380 resistance and it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[283,73,111,113],"class_list":["post-4978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-crypto-news","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/4978"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=4978"}],"version-history":[{"count":1,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/4978\/revisions"}],"predecessor-version":[{"id":4991,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/4978\/revisions\/4991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/4979"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=4978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=4978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=4978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}