{"id":26656,"date":"2023-07-12T04:52:37","date_gmt":"2023-07-12T08:52:37","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26656"},"modified":"2023-07-12T04:52:37","modified_gmt":"2023-07-12T08:52:37","slug":"ethereum-price-lacks-momentum-but-eth-holders-are-safe-heres-why","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/12\/ethereum-price-lacks-momentum-but-eth-holders-are-safe-heres-why\/","title":{"rendered":"Ethereum Price Lacks Momentum But ETH Holders Are Safe: Here\u2019s Why"},"content":{"rendered":"

Ethereum price is consolidating below the $1,900 resistance against the US Dollar. ETH could attempt another increase unless there is a close below $1,825.<\/em><\/p>\n

Ethereum is trading in a range above the $1,850 level.
\nThe price is trading above $1,870 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent increase if it clears $1,890 and $1,900.<\/p>\n

Ethereum Price Holds Support<\/h2>\n

Ethereum\u2019s price made another attempt to gain strength above $1,900. However, ETH failed to settle above the $1,900 resistance and remained in a range, similar to Bitcoin<\/a>.<\/p>\n

There was a bearish reaction below $1,880. A low is formed near $1,862 and the price is now moving higher. There was a break above the $1,880 level. The price climbed above the 50% Fib retracement level of the recent drop from the $1,905 swing high to the $1,862 low.<\/p>\n

Ether is now trading above $1,870 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,890 level. There is also a key bearish trend line forming with resistance near $1,890 on the hourly chart of ETH\/USD.<\/p>\n\n

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

The trend line is close to the 61.8% Fib retracement level of the recent drop from the $1,905 swing high to the $1,862 low. The first major resistance is near the $1,900 zone. A close above the $1,900 resistance could start a decent increase toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance.<\/p>\n

Another Decline 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 $1,870 level or the 100-hourly Simple Moving Average.<\/p>\n

There is also a connecting bullish trend line at $1,870. The first major support is near the $1,845 level, below which the price might revisit the key support at $1,825. The next major support is near the $1,770 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 $1,845<\/p>\n

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

<\/p>\n

Ethereum price is consolidating below the $1,900 resistance against the US Dollar. ETH could attempt another increase unless there is a close below $1,825.<\/em><\/p>\n

Ethereum is trading in a range above the $1,850 level.
\nThe price is trading above $1,870 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent increase if it clears $1,890 and $1,900.<\/p>\n

Ethereum Price Holds Support<\/h2>\n

Ethereum\u2019s price made another attempt to gain strength above $1,900. However, ETH failed to settle above the $1,900 resistance and remained in a range, similar to Bitcoin<\/a>.<\/p>\n

There was a bearish reaction below $1,880. A low is formed near $1,862 and the price is now moving higher. There was a break above the $1,880 level. The price climbed above the 50% Fib retracement level of the recent drop from the $1,905 swing high to the $1,862 low.<\/p>\n

Ether is now trading above $1,870 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,890 level. There is also a key bearish trend line forming with resistance near $1,890 on the hourly chart of ETH\/USD.<\/p>\n

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

The trend line is close to the 61.8% Fib retracement level of the recent drop from the $1,905 swing high to the $1,862 low. The first major resistance is near the $1,900 zone. A close above the $1,900 resistance could start a decent increase toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance.<\/p>\n

Another Decline 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 $1,870 level or the 100-hourly Simple Moving Average.<\/p>\n

There is also a connecting bullish trend line at $1,870. The first major support is near the $1,845 level, below which the price might revisit the key support at $1,825. The next major support is near the $1,770 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 $1,845<\/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-26656","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\/26656","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=26656"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26656\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26656"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}