{"id":26718,"date":"2023-07-13T04:53:05","date_gmt":"2023-07-13T08:53:05","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26718"},"modified":"2023-07-13T04:53:05","modified_gmt":"2023-07-13T08:53:05","slug":"ethereum-price-topside-bias-vulnerable-if-eth-drops-below-1825","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/13\/ethereum-price-topside-bias-vulnerable-if-eth-drops-below-1825\/","title":{"rendered":"Ethereum Price Topside Bias Vulnerable If ETH Drops Below $1,825"},"content":{"rendered":"

Ethereum price failed again to clear the $1,900 resistance against the US Dollar. ETH is declining and might revisit the $1,825 support zone.<\/em><\/p>\n

Ethereum topped near the $1,900 resistance and declined.
\nThe price is trading below $1,880 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support near $1,875 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its decline toward $1,845 or even $1,825.<\/p>\n

Ethereum Price Restarts Decline<\/h2>\n

Ethereum\u2019s price made another to clear the key resistance at $1,900. However, ETH failed to gain pace above the $1,900 resistance and reacted to the downside, similar to Bitcoin<\/a>.<\/p>\n

A high was formed near $1,901 and the price declined below $1,880. There was a break below a key bullish trend line with support near $1,875 on the hourly chart of ETH\/USD. The pair traded below the 76.4% Fib retracement level of the upward move from the $1,862 swing low to the $1,901 high.<\/p>\n

Ether is now trading below $1,870 and the 100-hourly Simple Moving Average<\/a>. It seems like the bears are in control and they might aim for a move below the $1,862 low.<\/p>\n\n

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

On the upside, immediate resistance is near the $1,880 level and the 100-hourly Simple Moving Average. The first major resistance is near the $1,890 zone. The main resistance is still near $1,900. A close above the $1,900 resistance could start a decent increase. The next major resistance is near the $1,955 level. Any more gains could send Ether toward the $2,000 resistance.<\/p>\n

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

If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,860 level or the last swing low at $1,862.<\/p>\n

The first major support is near the $1,845 level, below which the price might test the 1.618 Fib extension level of the upward move from the $1,862 swing low to the $1,901 high at $1,838. The next major support is near the $1,825 level. Any more losses could send Ether toward the $1,770 support level in the near term.<\/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 $1,825<\/p>\n

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

<\/p>\n

Ethereum price failed again to clear the $1,900 resistance against the US Dollar. ETH is declining and might revisit the $1,825 support zone.<\/em><\/p>\n

Ethereum topped near the $1,900 resistance and declined.
\nThe price is trading below $1,880 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support near $1,875 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its decline toward $1,845 or even $1,825.<\/p>\n

Ethereum Price Restarts Decline<\/h2>\n

Ethereum\u2019s price made another to clear the key resistance at $1,900. However, ETH failed to gain pace above the $1,900 resistance and reacted to the downside, similar to Bitcoin<\/a>.<\/p>\n

A high was formed near $1,901 and the price declined below $1,880. There was a break below a key bullish trend line with support near $1,875 on the hourly chart of ETH\/USD. The pair traded below the 76.4% Fib retracement level of the upward move from the $1,862 swing low to the $1,901 high.<\/p>\n

Ether is now trading below $1,870 and the 100-hourly Simple Moving Average<\/a>. It seems like the bears are in control and they might aim for a move below the $1,862 low.<\/p>\n

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

On the upside, immediate resistance is near the $1,880 level and the 100-hourly Simple Moving Average. The first major resistance is near the $1,890 zone. The main resistance is still near $1,900. A close above the $1,900 resistance could start a decent increase. The next major resistance is near the $1,955 level. Any more gains could send Ether toward the $2,000 resistance.<\/p>\n

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

If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,860 level or the last swing low at $1,862.<\/p>\n

The first major support is near the $1,845 level, below which the price might test the 1.618 Fib extension level of the upward move from the $1,862 swing low to the $1,901 high at $1,838. The next major support is near the $1,825 level. Any more losses could send Ether toward the $1,770 support level in the near term.<\/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 $1,825<\/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-26718","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\/26718","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=26718"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26718\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26718"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}