{"id":107227,"date":"2021-01-05T09:08:21","date_gmt":"2021-01-05T09:08:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107227"},"modified":"2021-01-05T09:08:21","modified_gmt":"2021-01-05T09:08:21","slug":"ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/","title":{"rendered":"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100"},"content":{"rendered":"

Ethereum price is up over 30% in a few days and it broke the $1,000 level against the US Dollar. ETH\/USD is consolidating gains and it is likely to continue higher above $1,100.<\/em><\/p>\n

Ethereum Price Analysis<\/h2>\n

In the past few days, Ethereum saw a strong increase above the $800 barrier against the US Dollar. ETH price broke a couple of important hurdles near $880 and $950. There was also a clear break above the $1,000 level and a close above the 55 simple moving average (4-hours).<\/p>\n

The price traded above the $1,100 zone and formed a new 2020 high near $1,168. Recently, it started a downside correction below the $1,000 and $950 levels. There was also a spike below the $900 level, but dips were limited.<\/p>\n

A swing low was formed near $886 before the price started a fresh increase. It broke the $920 and $950 resistance levels. There was also a break above the 50% Fib retracement level of the downside correction from the $1,168 high to $886 low.<\/p>\n

It is now trading above the 61.8% Fib retracement level of the downside correction from the $1,168 high to $886 low. There is also a major bullish trend line forming with support near $800 on the 4-hours chart.<\/p>\n

On the upside, the $1,080 and $1,100 levels are important hurdles. A clear break above the $1,100 resistance zone could open the doors for more upsides. The next major resistance on the upside is near the $1,200 and $1,240 levels.<\/p>\n

If there is another downside correction, the price might find bids near the $1,000 and $980 levels. The main support on the downside is now forming near the $850 level and the trend line at $800.<\/p>\n

<\/p>\n

Ethereum Price<\/p>\n

Looking at the chart, Ethereum price is clearly trading well above $1,000 and the 55 simple moving average (4-hours). Overall, ether price is likely to continue higher towards $1,150 and $1,200 in the coming sessions.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for ETH\/USD is now well above the 50 level.<\/p>\n

Key Support Levels \u2013 $1,000, followed by the $850 zone.<\/p>\n

Key Resistance Levels \u2013 $1,100 and $1,200.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum price is up over 30% in<\/p>\n","protected":false},"author":3,"featured_media":107226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nEthereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ethereum price is up over 30% in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T09:08:21+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotoEthereum.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/\",\"name\":\"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100 - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-01-05T09:08:21+00:00\",\"dateModified\":\"2021-01-05T09:08:21+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Altcoins\",\"item\":\"https:\/\/precoinnews.com\/category\/altcoins\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100 - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100 - Pre Coin News","og_description":"Ethereum price is up over 30% in","og_url":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/","og_site_name":"Pre Coin News","article_published_time":"2021-01-05T09:08:21+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotoEthereum.png","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/","url":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/","name":"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100 - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-01-05T09:08:21+00:00","dateModified":"2021-01-05T09:08:21+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/altcoins\/ethereum-price-analysis-eth-surging-more-upsides-likely-above-1100\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Altcoins","item":"https:\/\/precoinnews.com\/category\/altcoins\/"},{"@type":"ListItem","position":3,"name":"Ethereum Price Analysis: ETH Surging, More Upsides Likely Above $1,100"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/107227"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=107227"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/107227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/107226"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=107227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=107227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=107227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}