{"id":27037,"date":"2023-07-20T04:53:34","date_gmt":"2023-07-20T08:53:34","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=27037"},"modified":"2023-07-20T04:53:34","modified_gmt":"2023-07-20T08:53:34","slug":"ethereum-price-could-narrowly-avoid-more-losses-if-it-closes-above-one-key-level","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/20\/ethereum-price-could-narrowly-avoid-more-losses-if-it-closes-above-one-key-level\/","title":{"rendered":"Ethereum Price Could Narrowly Avoid More Losses if it Closes Above One Key Level"},"content":{"rendered":"

Ethereum price is trading above the $1,875 support zone against the US Dollar. ETH could start a decent increase if it clears the $1,915 resistance zone.<\/em><\/p>\n

Ethereum is consolidating above the $1,875 level.
\nThe price is trading below $1,920 and the 100-hourly Simple Moving Average.
\nThere is a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a steady increase if it clears the $1,915 and $1,940 resistance levels.<\/p>\n

Ethereum Price Holds Support<\/h2>\n

Ethereum\u2019s price remained stable above the $1,875 support zone<\/a>. ETH bulls seem to be active above the $1,875 level and protecting more losses, similar to Bitcoin<\/a>.<\/p>\n

The price was able to recover a few points above the $1,890 level. However, the bears are active near the $1,900 pivot level. There is also a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH\/USD.<\/p>\n

Ether is now trading below $1,920 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,910 level and the trend line. It is close to the 23.6% Fib retracement level downward move from the $2,027 swing high to the $1,875 low.<\/p>\n

The first major resistance is near the $1,945 level or the 50% Fib retracement level downward move from the $2,027 swing high to the $1,875 low, above which the price could start a steady increase.<\/p>\n\n

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

The next major resistance is near the $2,030 level. Any more gains could send Ether toward the $2,120 resistance in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,915 resistance, it could start a fresh decline. Initial support on the downside is near the $1,885 level.<\/p>\n

The first major support is near the $1,875 level, below which the price accelerate lower. The next major support is near the $1,825 support level. If the bulls fail to protect the $1,825 support, there could be a drop to $1,770. Any more losses could open the doors for a move 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 below the 50 level.<\/p>\n

Major Support Level \u2013 $1,875<\/p>\n

Major Resistance Level \u2013 $1,915<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is trading above the $1,875 support zone against the US Dollar. ETH could start a decent increase if it clears the $1,915 resistance zone.<\/em><\/p>\n

Ethereum is consolidating above the $1,875 level.
\nThe price is trading below $1,920 and the 100-hourly Simple Moving Average.
\nThere is a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a steady increase if it clears the $1,915 and $1,940 resistance levels.<\/p>\n

Ethereum Price Holds Support<\/h2>\n

Ethereum\u2019s price remained stable above the $1,875 support zone<\/a>. ETH bulls seem to be active above the $1,875 level and protecting more losses, similar to Bitcoin<\/a>.<\/p>\n

The price was able to recover a few points above the $1,890 level. However, the bears are active near the $1,900 pivot level. There is also a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH\/USD.<\/p>\n

Ether is now trading below $1,920 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,910 level and the trend line. It is close to the 23.6% Fib retracement level downward move from the $2,027 swing high to the $1,875 low.<\/p>\n

The first major resistance is near the $1,945 level or the 50% Fib retracement level downward move from the $2,027 swing high to the $1,875 low, above which the price could start a steady increase.<\/p>\n

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

The next major resistance is near the $2,030 level. Any more gains could send Ether toward the $2,120 resistance in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,915 resistance, it could start a fresh decline. Initial support on the downside is near the $1,885 level.<\/p>\n

The first major support is near the $1,875 level, below which the price accelerate lower. The next major support is near the $1,825 support level. If the bulls fail to protect the $1,825 support, there could be a drop to $1,770. Any more losses could open the doors for a move 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 below the 50 level.<\/p>\n

Major Support Level \u2013 $1,875<\/p>\n

Major Resistance Level \u2013 $1,915<\/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-27037","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\/27037","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=27037"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27037\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27037"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}