{"id":107678,"date":"2021-01-07T15:40:10","date_gmt":"2021-01-07T15:40:10","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107678"},"modified":"2021-01-07T15:40:10","modified_gmt":"2021-01-07T15:40:10","slug":"eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/","title":{"rendered":"ETH\/USD Rallies to New Multi-Year High of 1234.12:  Sally Ho&#8217;s Technical Analysis 7 January 2021 ETH"},"content":{"rendered":"<p><strong>Ethereum (ETH\/USD<\/strong>) moved higher early in today&rsquo;s <strong>North American<\/strong> session as the pair <strong>appreciated<\/strong> to the <strong>1234.12<\/strong> area after trading as <strong>low<\/strong> as the <strong>1160.71<\/strong> area during the <strong>European<\/strong> session, with the <strong>intraday low<\/strong> representing a <strong>test<\/strong> of the <strong>38.2% retracement<\/strong> of the recent <strong>appreciating range<\/strong> from <strong>1058.32<\/strong> to <strong>1228.69<\/strong>.&nbsp; &nbsp;<strong>Stops<\/strong> were recently <strong>elected above<\/strong> the <strong>1072.78<\/strong>, <strong>1133.44<\/strong>, <strong>1163.93<\/strong>, <strong>1176.28<\/strong>, <strong>1225.30<\/strong>, and <strong>1230.73<\/strong> areas during the pair&rsquo;s ongoing <strong>climb<\/strong>, important <strong>upside price objectives<\/strong> related to <strong>historical buying pressure<\/strong> around the <strong>215.16<\/strong>, <strong>625.01<\/strong>, <strong>370.50<\/strong>, <strong>480.08<\/strong>, <strong>530.32<\/strong>, and <strong>310.79<\/strong> areas.&nbsp; Notably, a previous recent <strong>relative high<\/strong> of <strong>1168.99<\/strong> represented a <strong>test<\/strong> of another <strong>upside price objective<\/strong>, the <strong>1163.93<\/strong> area that became <strong>technically significant<\/strong> based on <strong>upside buying pressure<\/strong> that also emerged around the <strong>370.50<\/strong> area in <strong>2020<\/strong>.&nbsp; <strong>Strong Stops<\/strong> were recently <strong>elected above<\/strong> the <strong>819.23<\/strong>, <strong>877.81<\/strong>, and <strong>879.23 levels<\/strong> during the <strong>sharp ascent<\/strong>, <strong>upside price objectives<\/strong> also related to <strong>previous buying activity<\/strong> around the <strong>625.01<\/strong> and <strong>530.32<\/strong> areas.&nbsp; Additional <strong>upside price objectives<\/strong> include the <strong>1239.06<\/strong>, <strong>1381.03<\/strong>, <strong>1439.98<\/strong>, <strong>1582.86<\/strong>, and <strong>1665.31<\/strong> areas.&nbsp;<\/p>\n<p>Traders also note that sizable <strong>Stops<\/strong> were <strong>elected <\/strong>during the <strong>move higher above<\/strong> the <strong>1103.87<\/strong> area, a <strong>level <\/strong>that represents the <strong>76.4% retracement<\/strong> of a <strong>historical depreciating range<\/strong> from <strong>1419.96<\/strong> to <strong>80.60<\/strong>.&nbsp; <strong>Additional significant Stops<\/strong> were recently <strong>elected above<\/strong> the <strong>615.19<\/strong>, <strong>637.79<\/strong>, <strong>668.87<\/strong>, <strong>679.78<\/strong>, and <strong>698.88<\/strong> area during the march to <strong>successive multi-year highs<\/strong>, and traders are curious to see how <strong>supportive<\/strong> those <strong>levels <\/strong>become during <strong>pullbacks lower<\/strong>.&nbsp; Following the pair&rsquo;s recent moves to <strong>successive multi-year highs<\/strong>, <strong>downside retracement levels<\/strong> and areas of <strong>potential technical support<\/strong> include the <strong>1103.87<\/strong>, <strong>1046.65<\/strong>, <strong>1016.74<\/strong>, <strong>993.65<\/strong>, <strong>964.11<\/strong>, <strong>930.68<\/strong>, and <strong>902.22 levels<\/strong>.&nbsp; <strong>ETH\/USD<\/strong> gained approximately <strong>21% month-to-date<\/strong> in <strong>December<\/strong>, and <strong>closed 2020<\/strong> with approximately a <strong>450% gain<\/strong>.&nbsp; Traders are&nbsp;<strong>observing<\/strong>&nbsp;that the&nbsp;<strong>50-bar MA (4-hourly)<\/strong>&nbsp;is&nbsp;<strong>bullishly indicating above<\/strong> the <strong>100-bar MA (4-hourly)<\/strong>&nbsp;and&nbsp;<strong>above&nbsp;<\/strong>the&nbsp;<strong>200-bar MA (4-hourly).<\/strong>&nbsp;&nbsp; Also, the <strong>50-bar MA (hourly)<\/strong> is <strong>bullishly <\/strong>indicating <strong>above <\/strong>the <strong>100-bar MA (hourly)<\/strong> and <strong>above <\/strong>the <strong>200-bar MA (hourly)<\/strong>.<\/p>\n<p>Price activity is nearest the <strong>50-bar MA<\/strong> (4-hourly) at <strong>919.46 <\/strong>and the <strong>50-bar MA<\/strong> (Hourly) at <strong>1146.44.<\/strong><\/p>\n<p><strong>Technical Support <\/strong>is expected around<strong> 792.40\/ 766.54\/ 729.88 <\/strong>with <strong>Stops<\/strong> expected below.<\/p>\n<p><strong>Technical Resistance<\/strong> is expected around <strong>1239.06\/ 1381.03\/ 1439.98 <\/strong>with<strong> Stops <\/strong>expected above.<\/p>\n<p>On <strong>4-Hourly<\/strong> chart, <strong>SlowK<\/strong> is <strong>Bullishly above SlowD<\/strong> while <strong>MACD<\/strong> is <strong>Bullishly above MACDAverage<\/strong>.<\/p>\n<p>On <strong>60-minute<\/strong> chart, <strong>SlowK<\/strong> is <strong>Bullishly above SlowD<\/strong> while <strong>MACD<\/strong> is <strong>Bearishly below MACDAverage<\/strong>.<\/p>\n<p>Related TAGS: <\/p>\n<p>You can share this post!<\/p>\n<p>Source: <a href=\"https:\/\/cryptodaily.co.uk\/2021\/01\/eth-usd-rallies-to-new-multi-year-high-of-1234-sally-ho-technical-analysis-7-january-2021-eth-ethereum\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH\/USD) moved higher early in today&rsquo;s<\/p>\n","protected":false},"author":3,"featured_media":107677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho&#039;s Technical Analysis 7 January 2021 ETH - 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\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho&#039;s Technical Analysis 7 January 2021 ETH - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH\/USD) moved higher early in today&rsquo;s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T15:40:10+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\/ccryptafotosally-hos-technical-analysis-ethusd-7-january-2021-eth.jpg\" \/>\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\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/\",\"url\":\"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/\",\"name\":\"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho's Technical Analysis 7 January 2021 ETH - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-01-07T15:40:10+00:00\",\"dateModified\":\"2021-01-07T15:40:10+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum\",\"item\":\"https:\/\/precoinnews.com\/category\/ethereum\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho&#8217;s Technical Analysis 7 January 2021 ETH\"}]},{\"@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":"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho's Technical Analysis 7 January 2021 ETH - 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\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/","og_locale":"en_US","og_type":"article","og_title":"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho's Technical Analysis 7 January 2021 ETH - Pre Coin News","og_description":"Ethereum (ETH\/USD) moved higher early in today&rsquo;s","og_url":"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/","og_site_name":"Pre Coin News","article_published_time":"2021-01-07T15:40:10+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotosally-hos-technical-analysis-ethusd-7-january-2021-eth.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/","url":"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/","name":"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho's Technical Analysis 7 January 2021 ETH - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-01-07T15:40:10+00:00","dateModified":"2021-01-07T15:40:10+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/ethereum\/eth-usd-rallies-to-new-multi-year-high-of-1234-12-sally-hos-technical-analysis-7-january-2021-eth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum","item":"https:\/\/precoinnews.com\/category\/ethereum\/"},{"@type":"ListItem","position":3,"name":"ETH\/USD Rallies to New Multi-Year High of 1234.12: Sally Ho&#8217;s Technical Analysis 7 January 2021 ETH"}]},{"@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\/107678"}],"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=107678"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/107678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/107677"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=107678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=107678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=107678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}