{"id":27515,"date":"2023-07-31T04:52:42","date_gmt":"2023-07-31T08:52:42","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=27515"},"modified":"2023-07-31T04:52:42","modified_gmt":"2023-07-31T08:52:42","slug":"ethereum-price-recovery-could-soon-fade-if-eth-fails-to-surpass-1900","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/31\/ethereum-price-recovery-could-soon-fade-if-eth-fails-to-surpass-1900\/","title":{"rendered":"Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,900"},"content":{"rendered":"

Ethereum price is struggling to clear the $1,880 zone against the US Dollar. ETH could start a fresh decline if it stays below $1,880 and $1,900.<\/em><\/p>\n

Ethereum is facing major resistance near $1,880 and $1,900.
\nThe price is trading below $1,875 and the 100-hourly Simple Moving Average.
\nEarlier, there was a break below a key bullish trend line with support near $1,870 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair is now struggling to rise above the same trend line and $1,880.<\/p>\n

Ethereum Price Faces Key Resistance<\/h2>\n

Ethereum\u2019s price failed to clear the $1,885 resistance and started a fresh decline. ETH declined below the $1,875 and $1,870 levels within a range, similar to Bitcoin<\/a>.<\/p>\n

Besides, there was a break below a key bullish trend line with support near $1,870 on the hourly chart of ETH\/USD. The pair tested the $1,850 support and recently started a fresh increase. There was a move above the $1,865 level. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $1,885 swing high to the $1,850 low.<\/p>\n

Ether is now struggling to rise above the same trend line and $1,880. It is trading below $1,875 and the 100-hourly Simple Moving Average<\/a>. On the upside, immediate resistance is near the $1,875 level and the 100 hourly SMA. It is close to the 61.8% Fib retracement level of the downward move from the $1,885 swing high to the $1,850 low.<\/p>\n\n

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

The first major resistance is near the $1,885 level. The next key resistance is near the $1,900 level, above which the price might rise toward the $1,950 zone. Any more gains might send the price toward the $2,000 hurdle.<\/p>\n

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

If Ethereum fails to clear the $1,875 resistance, it could start another decline. Initial support on the downside is near the $1,860 level.<\/p>\n

The first major support is near the $1,850 zone, below which the price might test the $1,820 support zone. The next major support is near the $1,780 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 below the 50 level.<\/p>\n

Major Support Level \u2013 $1,850<\/p>\n

Major Resistance Level \u2013 $1,885<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is struggling to clear the $1,880 zone against the US Dollar. ETH could start a fresh decline if it stays below $1,880 and $1,900.<\/em><\/p>\n

Ethereum is facing major resistance near $1,880 and $1,900.
\nThe price is trading below $1,875 and the 100-hourly Simple Moving Average.
\nEarlier, there was a break below a key bullish trend line with support near $1,870 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair is now struggling to rise above the same trend line and $1,880.<\/p>\n

Ethereum Price Faces Key Resistance<\/h2>\n

Ethereum\u2019s price failed to clear the $1,885 resistance and started a fresh decline. ETH declined below the $1,875 and $1,870 levels within a range, similar to Bitcoin<\/a>.<\/p>\n

Besides, there was a break below a key bullish trend line with support near $1,870 on the hourly chart of ETH\/USD. The pair tested the $1,850 support and recently started a fresh increase. There was a move above the $1,865 level. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $1,885 swing high to the $1,850 low.<\/p>\n

Ether is now struggling to rise above the same trend line and $1,880. It is trading below $1,875 and the 100-hourly Simple Moving Average<\/a>. On the upside, immediate resistance is near the $1,875 level and the 100 hourly SMA. It is close to the 61.8% Fib retracement level of the downward move from the $1,885 swing high to the $1,850 low.<\/p>\n

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

The first major resistance is near the $1,885 level. The next key resistance is near the $1,900 level, above which the price might rise toward the $1,950 zone. Any more gains might send the price toward the $2,000 hurdle.<\/p>\n

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

If Ethereum fails to clear the $1,875 resistance, it could start another decline. Initial support on the downside is near the $1,860 level.<\/p>\n

The first major support is near the $1,850 zone, below which the price might test the $1,820 support zone. The next major support is near the $1,780 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 below the 50 level.<\/p>\n

Major Support Level \u2013 $1,850<\/p>\n

Major Resistance Level \u2013 $1,885<\/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-27515","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\/27515","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=27515"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27515\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27515"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}