{"id":25698,"date":"2023-06-21T03:52:39","date_gmt":"2023-06-21T07:52:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=25698"},"modified":"2023-06-21T03:52:39","modified_gmt":"2023-06-21T07:52:39","slug":"ethereum-price-just-reversed-and-1920-is-imminent-heres-why","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/21\/ethereum-price-just-reversed-and-1920-is-imminent-heres-why\/","title":{"rendered":"Ethereum Price Just Reversed and $1,920 is Imminent, Here\u2019s Why"},"content":{"rendered":"

Ethereum price is showing positive signs above $1,770 against the US Dollar. ETH could gain bullish momentum if it clears the $1,820 resistance zone.<\/em><\/p>\n

Ethereum is moving higher above the $1,750 and $1,770 resistance levels.
\nThe price is trading above $1,770 and the 100-hourly Simple Moving Average.
\nThere is a major bullish trend line forming with support near $1,735 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further above the $1,820 and $1,850 resistance levels.<\/p>\n

Ethereum Price Jumps 4%<\/h2>\n

Ethereum\u2019s price formed a support base above the $1,700 level. ETH started a decent increase after Bitcoin rallied above the $27,000 resistance zone<\/a>. It broke the $1,720 resistance to move into a positive zone.<\/p>\n

There was a break above the $1,770 resistance zone. It even spiked above $1,800. A high is formed near $1,826 and the price is now consolidating gains. It is still above the 23.6% Fib retracement level of the recent increase from the $1,715 swing low to the $1,826 high.<\/p>\n

Ether is now trading above $1,770 and the 100-hourly Simple Moving Average<\/a>. There is also a major bullish trend line forming with support near $1,735 on the hourly chart of ETH\/USD.<\/p>\n\n

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

Immediate resistance is near the $1,820 level. The next major resistance is near the $1,850 level. A successful move above the $1,820 and $1,850 resistance levels might send the price further higher. The next resistance sits near $1,920, above which Ethereum could rise toward the $2,000 level. Any more gains above the $2,000 resistance zone might send the price toward the $2,120 resistance.<\/p>\n

Are Dips Limited in ETH?<\/h2>\n

If Ethereum fails to clear the $1,820 resistance, it could start a downside correction. Initial support on the downside is near the $1,770 level.<\/p>\n

The next major support is near the $1,740 level or the recent low. It is close to the 76.4% Fib retracement level of the recent increase from the $1,715 swing low to the $1,826 high. If there is a break and close below the $1,740 support, the price could drop toward the $1,700 support. Any more losses may perhaps send the price toward the $1,650 zone.<\/p>\n

Technical Indicators<\/p>\n

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

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is in the overbought zone.<\/p>\n

Major Support Level \u2013 $1,740<\/p>\n

Major Resistance Level \u2013 $1,820<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is showing positive signs above $1,770 against the US Dollar. ETH could gain bullish momentum if it clears the $1,820 resistance zone.<\/em><\/p>\n

Ethereum is moving higher above the $1,750 and $1,770 resistance levels.
\nThe price is trading above $1,770 and the 100-hourly Simple Moving Average.
\nThere is a major bullish trend line forming with support near $1,735 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further above the $1,820 and $1,850 resistance levels.<\/p>\n

Ethereum Price Jumps 4%<\/h2>\n

Ethereum\u2019s price formed a support base above the $1,700 level. ETH started a decent increase after Bitcoin rallied above the $27,000 resistance zone<\/a>. It broke the $1,720 resistance to move into a positive zone.<\/p>\n

There was a break above the $1,770 resistance zone. It even spiked above $1,800. A high is formed near $1,826 and the price is now consolidating gains. It is still above the 23.6% Fib retracement level of the recent increase from the $1,715 swing low to the $1,826 high.<\/p>\n

Ether is now trading above $1,770 and the 100-hourly Simple Moving Average<\/a>. There is also a major bullish trend line forming with support near $1,735 on the hourly chart of ETH\/USD.<\/p>\n

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

Immediate resistance is near the $1,820 level. The next major resistance is near the $1,850 level. A successful move above the $1,820 and $1,850 resistance levels might send the price further higher. The next resistance sits near $1,920, above which Ethereum could rise toward the $2,000 level. Any more gains above the $2,000 resistance zone might send the price toward the $2,120 resistance.<\/p>\n

Are Dips Limited in ETH?<\/h2>\n

If Ethereum fails to clear the $1,820 resistance, it could start a downside correction. Initial support on the downside is near the $1,770 level.<\/p>\n

The next major support is near the $1,740 level or the recent low. It is close to the 76.4% Fib retracement level of the recent increase from the $1,715 swing low to the $1,826 high. If there is a break and close below the $1,740 support, the price could drop toward the $1,700 support. Any more losses may perhaps send the price toward the $1,650 zone.<\/p>\n

Technical Indicators<\/p>\n

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

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is in the overbought zone.<\/p>\n

Major Support Level \u2013 $1,740<\/p>\n

Major Resistance Level \u2013 $1,820<\/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-25698","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\/25698","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=25698"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25698\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25698"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}