{"id":153749,"date":"2018-07-18T01:00:00","date_gmt":"2018-07-18T05:00:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-surging-above-500\/153749"},"modified":"2021-09-11T04:02:08","modified_gmt":"2021-09-11T08:02:08","slug":"ethereum-price-analysis-eth-usd-surging-above-500","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-surging-above-500","title":{"rendered":"Ethereum Price Analysis: ETH\/USD Surging Above $500"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h2>Key Highlights<\/h2>\n<ul>\n<li>ETH price surged higher and cleared a few important resistances near $500 against the US Dollar.<\/li>\n<li>Yesterday\u2019s highlighted important bullish trend line is active with support at $480 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is placed nicely above the $500 level and it is likely to accelerate higher in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH\/USD is surging and it could soon break the $525 level for more upsides.<\/em><\/p>\n<h2>Ethereum Price Trend<\/h2>\n<p>Yesterday, there was a <a href=\"https:\/\/www.newsbtc.com\/2018\/07\/17\/ethereum-price-analysis-eth-usd-buyers-in-control\/\" target=\"_blank\" rel=\"noopener\">minor downside correction<\/a> from the $480 resistance in ETH price against the US Dollar. The ETH\/USD pair corrected lower and tested the $465 support area. It tested the 38.2% Fib retracement level of the last wave from the $443 low to $480 high. Buyers appeared, protected further losses, and pushed the price back above $480. The price gained bullish momentum and even broke the $500 resistance.<\/p>\n<p>It traded as high as $513.65 and is currently correcting lower. It tested the 23.6% Fib retracement level of the last leg from the $465 low to $513 high. It seems like the $500 level is now acting as a support and preventing declines. Below $500, the next support is near the $490 level. Furthermore, yesterday\u2019s highlighted important bullish trend line is active with support at $480 on the hourly chart of ETH\/USD. Overall, the price remains well supported for <a href=\"https:\/\/www.newsbtc.com\/2018\/07\/16\/ethereum-price-analysis-can-eth-usd-break-455\/\" target=\"_blank\" rel=\"noopener\">more gains<\/a> above $480. At the outset, the current price formation indicates that the price could break the $513 high in the coming hours.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-340748\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/Ethereum15.png\" alt=\"Ethereum Price Analysis ETH USD\" width=\"1828\" height=\"918\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, the price is likely to accelerate towards the $525 level. Above this, the next stop for buyers could be around $550. In the short term, there may well be a few downward spikes, which are likely to find bids near $500 and $480.<\/p>\n<p><strong>Hourly MACD \u2013 <\/strong>The MACD is placed nicely in the bullish zone.<\/p>\n<p><strong>Hourly RSI \u2013 <\/strong>The RSI is currently well above the 70 level.<\/p>\n<p><strong>Major Support Level<\/strong> \u2013 $500<\/p>\n<p><strong>Major Resistance Level<\/strong> \u2013 $525<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/07\/18\/ethereum-price-analysis-eth-usd-surging-above-500\/\" rel=\"nofollow\">Ethereum Price Analysis: ETH\/USD Surging Above $500<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Key Highlights ETH price surged higher and cleared a few important resistances near $500 against the US Dollar. Yesterday\u2019s highlighted important bullish trend line <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-surging-above-500\" title=\"Ethereum Price Analysis: ETH\/USD Surging Above $500\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":153752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-153749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Price Analysis: ETH\/USD Surging Above $500 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"ETH price is gaining momentum against the US Dollar and Bitcoin. ETH\/USD is surging and it could soon break the $525 level for more upsides.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749\" \/>\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\/USD Surging Above $500 - InsideBitcoins.com\" \/>\n<meta property=\"og:description\" content=\"ETH price is gaining momentum against the US Dollar and Bitcoin. ETH\/USD is surging and it could soon break the $525 level for more upsides.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-surging-above-500\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-18T05:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-11T08:02:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/Ethereum15-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1828\" \/>\n\t<meta property=\"og:image:height\" content=\"918\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\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\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Ethereum Price Analysis: ETH\/USD Surging Above $500\",\"datePublished\":\"2018-07-18T05:00:00+00:00\",\"dateModified\":\"2021-09-11T08:02:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749\"},\"wordCount\":339,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/Ethereum15-1.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749\",\"name\":\"Ethereum Price Analysis: ETH\/USD Surging Above $500 - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153749#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/Ethereum15-1.png\",\"datePublished\":\"2018-07-18T05:00:00+00:00\",\"dateModified\":\"2021-09-11T08:02:08+00:00\",\"description\":\"ETH price is gaining momentum against the US Dollar and Bitcoin. 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