Ethereum Price Consolidates Below $1,900: What Could Trigger A Sharp Decline?

2023-6-8 05:48

Ethereum price is moving lower from the $1,900 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,800 support.

Ethereum is still struggling to clear the $1,900 and $1,920 resistance levels. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,855 on the hourly chart of ETH/USD (data feed via Kraken). The pair could still struggle to clear the $1,900 resistance zone. Ethereum Price Dips Again

Ethereum’s price started a fresh increase from the $1,775 zone. ETH climbed above the $1,850 resistance but the bears were again active near the $1,900 zone, similar to Bitcoin.

A high is formed near $1,898 and the price is now moving lower. There was a break below the $1,850 support zone. The bears pushed the price below the 50% Fib retracement level of the upward move from the $1,777 swing low to the $1,898 high.

Ether is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,855 on the hourly chart of ETH/USD.

It is now holding the $1,820 support and the 61.8% Fib retracement level of the upward move from the $1,777 swing low to the $1,898 high. Immediate resistance is near the $1,855 zone and the trend line. The next major resistance is near the $1,900 level or the recent high.

Source: ETHUSD on TradingView.com

A proper move above the $1,895 and $1,900 resistance levels might send Ether toward $1,920. The next resistance sits near $1,950, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone might send the price toward the $2,040 resistance.

More Downsides in ETH?

If Ethereum fails to clear the $1,855 resistance, it could continue to move down. Initial support on the downside is near the $1,820 level.

The next major support is near the $1,800 level. If there is a break below the $1,800 support, the price could decline toward the $1,740 support. Any more losses may perhaps send the price toward the $1,700 level or even $1,660 in the coming sessions.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is below the 50 level.

Major Support Level – $1,800

Major Resistance Level – $1,900

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3783.79 (+0.10%)
Объем 24H $14.154b
Изменеия 24h: -0.39 %, 7d: -4.48 %
Cегодня L: $0 - H: $3841.74
Капитализация $454.606b Rank 2
Цена в час новости $ 1840.14 (105.63%)

ethereum 900 below decline clear could resistance

Источник: newsbtc.com

ethereum 900 → Результатов: 126


Ethereum Breaks $2,900, But Watch Out For Futures Overheating

Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours.

2024-2-20 03:00


Что ожидать от рынка криптовалют на этой неделе

В начале прошлой недели цена биткоина вернулась к отметкам выше $20 000, а Ethereum приблизился к уровню $1400. Однако покупатели не смогли закрепиться на этих отметках. На момент публикации первая криптовалюта торгуется в зоне $19 900, вторая — ниже $1350.

2022-10-4 15:42


Криптотрейдер сделал ценовой прогноз по Solana, Ethereum и STEPN (GMT)

Популярный аналитик установил целевые уровни для претендента на роль Ethereum Solana (SOL), а также сделал прогноз по поводу того, что будет дальше с ETH и STEPN (GMT). Криптоаналитик Altcoin Sherpa сообщил своим 179 900 подписчикам в Твиттере, что использует инструмент восстановления Фибоначчи для построения уровней поддержки и сопротивления Solana, отмечая, что дело добром не закончится, […] Материал Криптотрейдер сделал ценовой прогноз по Solana, Ethereum и STEPN (GMT) появился сначала на WHATTONEWS – Новости криптовалют.

2022-7-7 14:16


Предпоследняя неделя мая началась с роста биткоина до $30500

На прошлой неделе курс биткоина упал на 3,6%, завершив неделю около $29 900. Ethereum потерял 5,8%, в то время как альткоины из топ-10 потеряли от 5,4% (XRP) до 9,2% (Cardano). Исключением стала Binance Coin, прибавившая +3,3%.

2022-5-23 13:00


Фото:

Ethereum Enters Accumulation Phase, Ignites Bullish Consolidation After Reaching Oversold Territory

According to Kraken Exchange, the current price of Ethereum is 40% below its all-time high of $4,900, and the cryptocurrency has recently reached the “oversold” territory. From the perspective of fundamental analysis, it implies that its price is already under the justifiable market level, thus creating additional opportunities for long-term investors. In particular, strategic crypto […]

2022-2-4 13:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Ethereum’s Latest US Spot ETF Approval Priced In? Experts Weigh In

The crypto market is buzzing with the recent approvals of Ethereum ETFs, stirring discussions and speculations among investors and analysts alike. Since the approval of the spot Ethereum ETF last week, Ethereum has only recorded a surge to as high as $3,959 so far, before now retracting to a current trading price of $3,757. Although […]