{"id":27352,"date":"2023-07-27T04:52:50","date_gmt":"2023-07-27T08:52:50","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=27352"},"modified":"2023-07-27T04:52:50","modified_gmt":"2023-07-27T08:52:50","slug":"ethereum-price-recovery-could-soon-fade-if-it-fails-to-clear-1900","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/27\/ethereum-price-recovery-could-soon-fade-if-it-fails-to-clear-1900\/","title":{"rendered":"Ethereum Price Recovery Could Soon Fade If It Fails To Clear $1,900"},"content":{"rendered":"

Ethereum price is recovering above the $1,850 zone against the US Dollar. ETH could restart its decline if there is no move above the $1,900 resistance.<\/em><\/p>\n

Ethereum is slowly moving higher above the $1,850 zone.
\nThe price is trading above $1,870 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support near $1,855 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could face a strong selling interest near the $1,900 and $1,920 levels.<\/p>\n

Ethereum Price Faces Uphill Task<\/h2>\n

Ethereum\u2019s price started a short-term recovery wave from the $1,830 zone. ETH was able to recover above the $1,850 and $1,860 levels, similar to Bitcoin<\/a>.<\/p>\n

However, the bears are still active below the $1,900 level. A high is formed near $1,886 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1,832 swing low to the $1,886 high.<\/p>\n

Ether is now trading above $1,870 and the 100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support near $1,855 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the upward move from the $1,832 swing low to the $1,886 high.<\/p>\n

On the upside, immediate resistance is near the $1,885 level and the recent high. The first major resistance is near the $1,900 level. The next key resistance is near the $1,920 level. A close above the $1,920 resistance could set the pace for a larger increase.<\/p>\n\n

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

The next resistance is near the $1,975 zone, above which the price might rise toward the $2,000 hurdle. Any more gains could send Ether toward the $2,050 resistance in the near term.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If Ethereum fails to clear the $1,900 resistance, it could start a fresh decline. Initial support on the downside is near the $1,865 level and the 100 hourly SMA.<\/p>\n

The first major support is near the $1,855 zone or the trend line, below which the price might move into a bearish zone. The next major support is near the $1,830 support level.<\/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 $1,855<\/p>\n

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

<\/p>\n

Ethereum price is recovering above the $1,850 zone against the US Dollar. ETH could restart its decline if there is no move above the $1,900 resistance.<\/em><\/p>\n

Ethereum is slowly moving higher above the $1,850 zone.
\nThe price is trading above $1,870 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support near $1,855 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could face a strong selling interest near the $1,900 and $1,920 levels.<\/p>\n

Ethereum Price Faces Uphill Task<\/h2>\n

Ethereum\u2019s price started a short-term recovery wave from the $1,830 zone. ETH was able to recover above the $1,850 and $1,860 levels, similar to Bitcoin<\/a>.<\/p>\n

However, the bears are still active below the $1,900 level. A high is formed near $1,886 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1,832 swing low to the $1,886 high.<\/p>\n

Ether is now trading above $1,870 and the 100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support near $1,855 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the upward move from the $1,832 swing low to the $1,886 high.<\/p>\n

On the upside, immediate resistance is near the $1,885 level and the recent high. The first major resistance is near the $1,900 level. The next key resistance is near the $1,920 level. A close above the $1,920 resistance could set the pace for a larger increase.<\/p>\n

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

The next resistance is near the $1,975 zone, above which the price might rise toward the $2,000 hurdle. Any more gains could send Ether toward the $2,050 resistance in the near term.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If Ethereum fails to clear the $1,900 resistance, it could start a fresh decline. Initial support on the downside is near the $1,865 level and the 100 hourly SMA.<\/p>\n

The first major support is near the $1,855 zone or the trend line, below which the price might move into a bearish zone. The next major support is near the $1,830 support level.<\/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 $1,855<\/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-27352","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\/27352","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=27352"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27352\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27352"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}