{"id":26026,"date":"2023-06-28T03:52:39","date_gmt":"2023-06-28T07:52:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26026"},"modified":"2023-06-28T03:52:39","modified_gmt":"2023-06-28T07:52:39","slug":"ethereum-price-indicators-signal-extended-correction-to-1790","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/28\/ethereum-price-indicators-signal-extended-correction-to-1790\/","title":{"rendered":"Ethereum Price Indicators Signal Extended Correction To $1,790"},"content":{"rendered":"

Ethereum price is slowly moving lower from the $1,920 resistance against the US Dollar. ETH could extend its decline toward the $1,790 support.<\/em><\/p>\n

Ethereum is still struggling to surpass the $1,920 resistance.
\nThe price is trading below $1,900 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline further toward the $1,790 support in the coming sessions.<\/p>\n

Ethereum Price Stuck In A Range<\/h2>\n

Ethereum\u2019s price attempted another upside break above the key $1,920 resistance zone. ETH failed to gain bullish momentum for a close above the $1,920 level, similar to Bitcoin<\/a>.<\/p>\n

A high is formed near $1,912 and the price is now moving lower. There was a break below the $1,900 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high. Besides, there was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD.<\/p>\n

Ether is now trading below $1,900 and the 100-hourly Simple Moving Average<\/a>. It is now testing the 76.4% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high.<\/p>\n

If Ethereum stays above $1,850, it could attempt another increase. Immediate resistance is near the $1,880 level or the 100-hourly Simple Moving Average. The next major resistance is near the $1,900 level.<\/p>\n\n

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

The main barrier is still near the $1,920 and $1,930 levels. A close above the $1,930 zone could start a steady increase and send the price further higher. 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, the price could accelerate lower toward $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 gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below 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 slowly moving lower from the $1,920 resistance against the US Dollar. ETH could extend its decline toward the $1,790 support.<\/em><\/p>\n

Ethereum is still struggling to surpass the $1,920 resistance.
\nThe price is trading below $1,900 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline further toward the $1,790 support in the coming sessions.<\/p>\n

Ethereum Price Stuck In A Range<\/h2>\n

Ethereum\u2019s price attempted another upside break above the key $1,920 resistance zone. ETH failed to gain bullish momentum for a close above the $1,920 level, similar to Bitcoin<\/a>.<\/p>\n

A high is formed near $1,912 and the price is now moving lower. There was a break below the $1,900 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high. Besides, there was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD.<\/p>\n

Ether is now trading below $1,900 and the 100-hourly Simple Moving Average<\/a>. It is now testing the 76.4% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high.<\/p>\n

If Ethereum stays above $1,850, it could attempt another increase. Immediate resistance is near the $1,880 level or the 100-hourly Simple Moving Average. The next major resistance is near the $1,900 level.<\/p>\n

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

The main barrier is still near the $1,920 and $1,930 levels. A close above the $1,930 zone could start a steady increase and send the price further higher. 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, the price could accelerate lower toward $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 gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below 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-26026","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\/26026","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=26026"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26026\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26026"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}