{"id":27231,"date":"2023-07-25T04:53:36","date_gmt":"2023-07-25T08:53:36","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=27231"},"modified":"2023-07-25T04:53:36","modified_gmt":"2023-07-25T08:53:36","slug":"ethereum-price-struggles-below-1900-can-bulls-save-the-day","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/25\/ethereum-price-struggles-below-1900-can-bulls-save-the-day\/","title":{"rendered":"Ethereum Price Struggles Below $1,900 \u2013 Can Bulls Save the Day?"},"content":{"rendered":"

Ethereum price is showing bearish signs below the $1,900 resistance against the US Dollar. ETH could extend its decline toward the $1,780 support.<\/em><\/p>\n

Ethereum is showing bearish signs below the $1,900 level.
\nThe price is trading below $1,880 and the 100-hourly Simple Moving Average.
\nThere is a short-term bullish trend line forming with support near $1,845 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline further toward the $1,825 and $1,780 levels.<\/p>\n

Ethereum Price Drops Further<\/h2>\n

Ethereum\u2019s price remained in a bearish zone below the $1,900 level. ETH struggled to recover and extended its decline below the $1,880 level, similar to Bitcoin<\/a>.<\/p>\n

The price declined below the $1,850 support level. A new weekly low is formed near $1,832 and the price is now consolidating losses. There was a minor recovery wave above the $1,850 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,904 swing high to the $1,832 low.<\/p>\n

Ether is now trading below $1,880 and the 100-hourly Simple Moving Average<\/a>. There is also a short-term bullish trend line forming with support near $1,845 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, immediate resistance is near the $1,870 level. It is close to the 50% Fib retracement level of the recent decline from the $1,904 swing high to the $1,832 low. The first major resistance is near the $1,880 level or the 100-hourly Simple Moving Average.<\/p>\n\n

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

The next major resistance is near the $1,900 zone, above which the price might start a decent increase toward the $1,920 hurdle. Any more gains could send Ether toward the $2,000 resistance in the near term. An intermediate resistance might be $1,945.<\/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 $1,845 level and the trend line.<\/p>\n

The first major support is near the $1,825 level, below which the price might gain bearish momentum. The next major support is near the $1,780 support level. Any more losses could open the doors for a move toward the $1,720 level in the coming sessions.<\/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 below the 50 level.<\/p>\n

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

Major Resistance Level \u2013 $1,880<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is showing bearish signs below the $1,900 resistance against the US Dollar. ETH could extend its decline toward the $1,780 support.<\/em><\/p>\n

Ethereum is showing bearish signs below the $1,900 level.
\nThe price is trading below $1,880 and the 100-hourly Simple Moving Average.
\nThere is a short-term bullish trend line forming with support near $1,845 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline further toward the $1,825 and $1,780 levels.<\/p>\n

Ethereum Price Drops Further<\/h2>\n

Ethereum\u2019s price remained in a bearish zone below the $1,900 level. ETH struggled to recover and extended its decline below the $1,880 level, similar to Bitcoin<\/a>.<\/p>\n

The price declined below the $1,850 support level. A new weekly low is formed near $1,832 and the price is now consolidating losses. There was a minor recovery wave above the $1,850 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,904 swing high to the $1,832 low.<\/p>\n

Ether is now trading below $1,880 and the 100-hourly Simple Moving Average<\/a>. There is also a short-term bullish trend line forming with support near $1,845 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, immediate resistance is near the $1,870 level. It is close to the 50% Fib retracement level of the recent decline from the $1,904 swing high to the $1,832 low. The first major resistance is near the $1,880 level or the 100-hourly Simple Moving Average.<\/p>\n

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

The next major resistance is near the $1,900 zone, above which the price might start a decent increase toward the $1,920 hurdle. Any more gains could send Ether toward the $2,000 resistance in the near term. An intermediate resistance might be $1,945.<\/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 $1,845 level and the trend line.<\/p>\n

The first major support is near the $1,825 level, below which the price might gain bearish momentum. The next major support is near the $1,780 support level. Any more losses could open the doors for a move toward the $1,720 level in the coming sessions.<\/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 below the 50 level.<\/p>\n

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

Major Resistance Level \u2013 $1,880<\/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-27231","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\/27231","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=27231"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27231\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27231"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}