{"id":25970,"date":"2023-06-27T03:52:40","date_gmt":"2023-06-27T07:52:40","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=25970"},"modified":"2023-06-27T03:52:40","modified_gmt":"2023-06-27T07:52:40","slug":"ethereum-price-lacks-momentum-above-1900-but-dips-likely-to-be-limited","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/27\/ethereum-price-lacks-momentum-above-1900-but-dips-likely-to-be-limited\/","title":{"rendered":"Ethereum Price Lacks Momentum Above $1,900 But Dips Likely To Be Limited"},"content":{"rendered":"

Ethereum price is struggling to settle above the $1,920 resistance against the US Dollar. ETH is still at risk of a drop toward the $1,790 support.<\/em><\/p>\n

Ethereum is still facing a major hurdle near the $1,920 resistance.
\nThe price is trading near $1,870 and the 100-hourly Simple Moving Average.
\nThere was a break below a short-term contracting triangle with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline further if it remains below $1,920 and $1,930 for a long time.<\/p>\n

Ethereum Price Grinds Lower<\/h2>\n

Ethereum\u2019s price remained below the key $1,920 resistance zone. ETH failed to stay above the $1,900 zone and extended its decline, similar to Bitcoin<\/a>.<\/p>\n

There was a break below a short-term contracting triangle with support near $1,890 on the hourly chart of ETH\/USD. The pair dipped below the $1,865 support and the 100-hourly Simple Moving Average. However, losses were limited below $1,850.<\/p>\n

A low is formed near $1,838 and the price is now moving higher. It broke the 23.6% Fib retracement level of the recent decline from the $1,930 high to the $1,838 low.<\/p>\n

Ether is now trading near $1,870 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,885 level or the 50% Fib retracement level of the recent decline from the $1,930 high to the $1,838 low. The next major resistance is near the $1,900 level.<\/p>\n\n

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

The key breakout zone is still near the $1,920 and $1,930 levels. If the bulls manage to pump Ethereum above the $1,930 zone, the price might gain bullish momentum. The next resistance sits near $2,000, above which the price could rise toward the $2,050 level. Any more gains could send Ether toward the $2,120 resistance.<\/p>\n

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

If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level.<\/p>\n

The next major support is near the $1,840 level. If there is a move below $1,840 and the recent low, the price could test $1,790. Any more losses may perhaps send the price toward the $1,750 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $1,840<\/p>\n

Major Resistance Level \u2013 $1,900<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is struggling to settle above the $1,920 resistance against the US Dollar. ETH is still at risk of a drop toward the $1,790 support.<\/em><\/p>\n

Ethereum is still facing a major hurdle near the $1,920 resistance.
\nThe price is trading near $1,870 and the 100-hourly Simple Moving Average.
\nThere was a break below a short-term contracting triangle with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline further if it remains below $1,920 and $1,930 for a long time.<\/p>\n

Ethereum Price Grinds Lower<\/h2>\n

Ethereum\u2019s price remained below the key $1,920 resistance zone. ETH failed to stay above the $1,900 zone and extended its decline, similar to Bitcoin<\/a>.<\/p>\n

There was a break below a short-term contracting triangle with support near $1,890 on the hourly chart of ETH\/USD. The pair dipped below the $1,865 support and the 100-hourly Simple Moving Average. However, losses were limited below $1,850.<\/p>\n

A low is formed near $1,838 and the price is now moving higher. It broke the 23.6% Fib retracement level of the recent decline from the $1,930 high to the $1,838 low.<\/p>\n

Ether is now trading near $1,870 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,885 level or the 50% Fib retracement level of the recent decline from the $1,930 high to the $1,838 low. The next major resistance is near the $1,900 level.<\/p>\n

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

The key breakout zone is still near the $1,920 and $1,930 levels. If the bulls manage to pump Ethereum above the $1,930 zone, the price might gain bullish momentum. The next resistance sits near $2,000, above which the price could rise toward the $2,050 level. Any more gains could send Ether toward the $2,120 resistance.<\/p>\n

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

If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level.<\/p>\n

The next major support is near the $1,840 level. If there is a move below $1,840 and the recent low, the price could test $1,790. Any more losses may perhaps send the price toward the $1,750 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $1,840<\/p>\n

Major Resistance Level \u2013 $1,900<\/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-25970","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\/25970","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=25970"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25970\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25970"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}