{"id":26591,"date":"2023-07-11T04:52:53","date_gmt":"2023-07-11T08:52:53","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26591"},"modified":"2023-07-11T04:52:53","modified_gmt":"2023-07-11T08:52:53","slug":"ethereum-price-reaches-key-turning-point-1900-is-the-key","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/11\/ethereum-price-reaches-key-turning-point-1900-is-the-key\/","title":{"rendered":"Ethereum Price Reaches Key Turning Point, $1,900 Is The Key"},"content":{"rendered":"

Ethereum price is attempting a fresh increase from $1,825 against the US Dollar. ETH could rally if there is a clear move above the $1,900 resistance.<\/em><\/p>\n

Ethereum is currently attempting a recovery wave above the $1,855 zone.
\nThe price is trading above $1,865 and the 100-hourly Simple Moving Average.
\nThere is a major bearish trend line forming with resistance near $1,900 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent increase if there is a close above $1,900.<\/p>\n

Ethereum Price Revisits Resistance<\/h2>\n

Ethereum\u2019s price remained stable above the $1,825 support zone. ETH started a slow recovery wave and was able to climb a few points higher above $1,850, similar to Bitcoin<\/a>.<\/p>\n

The bulls were able to push the price above the 100-hourly Simple Moving Average. The price broke the 50% Fib retracement level of the key decline from the $1,955 swing high to the $1,825 low. However, the bears were seen active near the $1,900 resistance zone.<\/p>\n

There is also a major bearish trend line forming with resistance near $1,900<\/a> on the hourly chart of ETH\/USD. Ether is now trading above $1,865 and the 100-hourly Simple Moving Average.<\/p>\n

Immediate resistance is near the $1,890 level. The first major resistance is near the $1,900 zone and the trend line. The trend line is close to the 61.8% Fib retracement level of the key decline from the $1,955 swing high to the $1,825 low.<\/p>\n\n

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

A close above the $1,900 resistance could start a decent increase toward $1,975. The next major resistance is near the $2,000 level. Any more gains could send Ether toward the $2,050 resistance or even $2,120.<\/p>\n

Another Rejection in ETH?<\/h2>\n

If Ethereum fails to clear the $1,900 resistance, it could start another decline. Initial support on the downside is near the $1,865 level or the 100-hourly Simple Moving Average.<\/p>\n

The first major support is near the $1,825 level, below which there is a risk of a larger decline. The next major support is near the $1,740 level. Any more losses could send Ether toward the $1,720 support level in the near term.<\/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 now above the 50 level.<\/p>\n

Major Support Level \u2013 $1,825<\/p>\n

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

<\/p>\n

Ethereum price is attempting a fresh increase from $1,825 against the US Dollar. ETH could rally if there is a clear move above the $1,900 resistance.<\/em><\/p>\n

Ethereum is currently attempting a recovery wave above the $1,855 zone.
\nThe price is trading above $1,865 and the 100-hourly Simple Moving Average.
\nThere is a major bearish trend line forming with resistance near $1,900 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent increase if there is a close above $1,900.<\/p>\n

Ethereum Price Revisits Resistance<\/h2>\n

Ethereum\u2019s price remained stable above the $1,825 support zone. ETH started a slow recovery wave and was able to climb a few points higher above $1,850, similar to Bitcoin<\/a>.<\/p>\n

The bulls were able to push the price above the 100-hourly Simple Moving Average. The price broke the 50% Fib retracement level of the key decline from the $1,955 swing high to the $1,825 low. However, the bears were seen active near the $1,900 resistance zone.<\/p>\n

There is also a major bearish trend line forming with resistance near $1,900<\/a> on the hourly chart of ETH\/USD. Ether is now trading above $1,865 and the 100-hourly Simple Moving Average.<\/p>\n

Immediate resistance is near the $1,890 level. The first major resistance is near the $1,900 zone and the trend line. The trend line is close to the 61.8% Fib retracement level of the key decline from the $1,955 swing high to the $1,825 low.<\/p>\n

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

A close above the $1,900 resistance could start a decent increase toward $1,975. The next major resistance is near the $2,000 level. Any more gains could send Ether toward the $2,050 resistance or even $2,120.<\/p>\n

Another Rejection in ETH?<\/h2>\n

If Ethereum fails to clear the $1,900 resistance, it could start another decline. Initial support on the downside is near the $1,865 level or the 100-hourly Simple Moving Average.<\/p>\n

The first major support is near the $1,825 level, below which there is a risk of a larger decline. The next major support is near the $1,740 level. Any more losses could send Ether toward the $1,720 support level in the near term.<\/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 now above the 50 level.<\/p>\n

Major Support Level \u2013 $1,825<\/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-26591","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\/26591","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=26591"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26591\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26591"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}