{"id":27087,"date":"2023-07-21T03:53:16","date_gmt":"2023-07-21T07:53:16","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=27087"},"modified":"2023-07-21T03:53:16","modified_gmt":"2023-07-21T07:53:16","slug":"ethereum-price-prediction-key-risks-warn-against-chasing-eth-higher","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/21\/ethereum-price-prediction-key-risks-warn-against-chasing-eth-higher\/","title":{"rendered":"Ethereum Price Prediction \u2013 Key Risks Warn Against Chasing ETH Higher"},"content":{"rendered":"

Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,875.<\/em><\/p>\n

Ethereum is trading in a range above the $1,875 level.
\nThe price is trading below $1,910 and the 100-hourly Simple Moving Average.
\nThere is a key rising channel forming with support near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline heavily if the price remains below $1,920 for a long time.<\/p>\n

Ethereum Price Struggles Below $1,920<\/h2>\n

Ethereum\u2019s price attempted a fresh increase above the $1,900 level. However, ETH failed to gain traction above the $1,920 resistance and reacted to the downside, similar to Bitcoin<\/a>.<\/p>\n

The price declined below the $1,885 level but remained stable above $1,875. A low is formed near $1,877 and the price is now consolidating losses. It is slowly moving higher above the $1,885 level. There is also a key rising channel forming with support near $1,885 on the hourly chart of ETH\/USD.<\/p>\n

Ether is trading below $1,910 and the 100-hourly Simple Moving Average<\/a>. On the upside, immediate resistance is near the $1,900 level. It is close to the 50% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low.<\/p>\n

The first major resistance is near the $1,910 level or the 61.8% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low, above which the price could test the main resistance at $1,920.<\/p>\n\n

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

The next major resistance is near the $1,940 level. Any more gains could send Ether toward the $2,000 resistance in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,920 resistance, it could continue to move down. Initial support on the downside is near the $1,885 level and the channel trend line.<\/p>\n

The first major support is near the $1,875 level, below which the price might gain bearish momentum. The next major support is near the $1,825 support level. A downside break and close below $1,825 could push the price toward the $1,770 level. Any more losses could open the doors for a move toward the $1,720 support level.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n

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

Major Resistance Level \u2013 $1,920<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,875.<\/em><\/p>\n

Ethereum is trading in a range above the $1,875 level.
\nThe price is trading below $1,910 and the 100-hourly Simple Moving Average.
\nThere is a key rising channel forming with support near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline heavily if the price remains below $1,920 for a long time.<\/p>\n

Ethereum Price Struggles Below $1,920<\/h2>\n

Ethereum\u2019s price attempted a fresh increase above the $1,900 level. However, ETH failed to gain traction above the $1,920 resistance and reacted to the downside, similar to Bitcoin<\/a>.<\/p>\n

The price declined below the $1,885 level but remained stable above $1,875. A low is formed near $1,877 and the price is now consolidating losses. It is slowly moving higher above the $1,885 level. There is also a key rising channel forming with support near $1,885 on the hourly chart of ETH\/USD.<\/p>\n

Ether is trading below $1,910 and the 100-hourly Simple Moving Average<\/a>. On the upside, immediate resistance is near the $1,900 level. It is close to the 50% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low.<\/p>\n

The first major resistance is near the $1,910 level or the 61.8% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low, above which the price could test the main resistance at $1,920.<\/p>\n

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

The next major resistance is near the $1,940 level. Any more gains could send Ether toward the $2,000 resistance in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,920 resistance, it could continue to move down. Initial support on the downside is near the $1,885 level and the channel trend line.<\/p>\n

The first major support is near the $1,875 level, below which the price might gain bearish momentum. The next major support is near the $1,825 support level. A downside break and close below $1,825 could push the price toward the $1,770 level. Any more losses could open the doors for a move toward the $1,720 support level.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n

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

Major Resistance Level \u2013 $1,920<\/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-27087","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\/27087","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=27087"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27087\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27087"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}