{"id":22541,"date":"2023-04-25T03:52:37","date_gmt":"2023-04-25T07:52:37","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=22541"},"modified":"2023-04-25T03:52:37","modified_gmt":"2023-04-25T07:52:37","slug":"ethereum-price-signaled-sell-and-remains-at-risk-of-more-losses","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/25\/ethereum-price-signaled-sell-and-remains-at-risk-of-more-losses\/","title":{"rendered":"Ethereum Price Signaled \u201cSell\u201d And Remains At Risk of More Losses"},"content":{"rendered":"

Ethereum price is showing bearish signs below $1,920 against the US Dollar. ETH could continue to move down if it clears the $1,800 support zone.<\/em><\/p>\n

Ethereum failed to recover and stayed well below the $1,920 resistance.
\nThe price is trading below $1,900 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance near $1,845 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start an upside correction if it clears the $1,850 and $1,880 levels.<\/p>\n

Ethereum Price Takes A Hit<\/h2>\n

Ethereum\u2019s price attempted a short-term upside correction from the $1,820 zone. ETH climbed above the $1,850 resistance zone but upsides were limited, similar to Bitcoin<\/a>.<\/p>\n

Ether traded as high as $1,889 and recently started a fresh decline. There was a break below the $1,820 level. A new weekly low is formed near $1,807 and the price is now consolidating losses. It is trading below $1,900 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n

There is also a key bearish trend line forming with resistance near $1,845 on the hourly chart of ETH\/USD. Immediate resistance is near the $1,845 zone and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $1,889 high to the $1,807 low.<\/p>\n

The next major resistance is near $1,860 or the 61.8% Fib retracement level of the recent decline from the $1,889 high to the $1,807 low. An upside break above $1,860 might send Ethereum toward $1,900. The main resistance is still near the $1,920 level.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

If the bulls can push Ether above the $1,920 level, there could be a steady increase. In the stated case, the price could rise toward the $2,000 resistance. Any more gains could send Ether toward the $2,080 resistance.<\/p>\n

More Losses in ETH?<\/h2>\n

If Ethereum fails to clear the $1,845 resistance, it could continue to move down. Initial support on the downside is near the $1,810 level.<\/p>\n

The next major support is near the $1,800 zone, below which ether price might gain bearish momentum. In the stated case, the price might decline toward $1,765. Any more losses may perhaps take the price toward $1,700.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is below the 50 level.<\/p>\n

Major Support Level \u2013 $1,800<\/p>\n

Major Resistance Level \u2013 $1,920<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is showing bearish signs below $1,920 against the US Dollar. ETH could continue to move down if it clears the $1,800 support zone.<\/em><\/p>\n

Ethereum failed to recover and stayed well below the $1,920 resistance.
\nThe price is trading below $1,900 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance near $1,845 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start an upside correction if it clears the $1,850 and $1,880 levels.<\/p>\n

Ethereum Price Takes A Hit<\/h2>\n

Ethereum\u2019s price attempted a short-term upside correction from the $1,820 zone. ETH climbed above the $1,850 resistance zone but upsides were limited, similar to Bitcoin<\/a>.<\/p>\n

Ether traded as high as $1,889 and recently started a fresh decline. There was a break below the $1,820 level. A new weekly low is formed near $1,807 and the price is now consolidating losses. It is trading below $1,900 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n

There is also a key bearish trend line forming with resistance near $1,845 on the hourly chart of ETH\/USD. Immediate resistance is near the $1,845 zone and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $1,889 high to the $1,807 low.<\/p>\n

The next major resistance is near $1,860 or the 61.8% Fib retracement level of the recent decline from the $1,889 high to the $1,807 low. An upside break above $1,860 might send Ethereum toward $1,900. The main resistance is still near the $1,920 level.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

If the bulls can push Ether above the $1,920 level, there could be a steady increase. In the stated case, the price could rise toward the $2,000 resistance. Any more gains could send Ether toward the $2,080 resistance.<\/p>\n

More Losses in ETH?<\/h2>\n

If Ethereum fails to clear the $1,845 resistance, it could continue to move down. Initial support on the downside is near the $1,810 level.<\/p>\n

The next major support is near the $1,800 zone, below which ether price might gain bearish momentum. In the stated case, the price might decline toward $1,765. Any more losses may perhaps take the price toward $1,700.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is below the 50 level.<\/p>\n

Major Support Level \u2013 $1,800<\/p>\n

Major Resistance Level \u2013 $1,920<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-22541","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=22541"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22541\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22541"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}