Ethereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support.<\/p>\n
Ethereum started another decline after there was a false break above $1,620.
\nThe price is now trading below $1,560 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase unless there is a clear move below the $1,480 support.<\/p>\n
Ethereum Price Tests Key Support<\/p>\n
Ethereum made another attempt to clear the $1,620 resistance zone<\/a>. ETH even spiked above the $1,640 and $1,650 levels. However, the bears were active near the $1,660 level.<\/p>\n A high was formed near $1,662 and the price started a fresh decline. There was a downside break below the $1,560 and $1,550 levels. Ether price declined below the 50% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\n The price is now trading below $1,560 and the 100 hourly simple moving average<\/a>. It is also trading below the 76.4% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\n However, it is still above the $1,500 support. Besides, there is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,530 level. The first major resistance is near the $1,550 zone and the 100 hourly simple moving average.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start a decent increase. The next key barrier is near the $1,660 level, above which the price might rise towards the $1,700 resistance zone.<\/p>\n More Losses in ETH?<\/p>\n If ethereum fails to rise above the $1,550 resistance, it could continue to move down. An initial support on the downside is near the $1,500 zone and the trend line.<\/p>\n A clear move below the trend line support might push the price towards the $1,480 support zone. Any more losses might even push ether price to the $1,400 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n Hourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\n Major Support Level \u2013 $1,480<\/p>\n Major Resistance Level \u2013 $1,550<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support.<\/p>\n Ethereum started another decline after there was a false break above $1,620. Ethereum Price Tests Key Support<\/p>\n Ethereum made another attempt to clear the $1,620 resistance zone<\/a>. ETH even spiked above the $1,640 and $1,650 levels. However, the bears were active near the $1,660 level.<\/p>\n A high was formed near $1,662 and the price started a fresh decline. There was a downside break below the $1,560 and $1,550 levels. Ether price declined below the 50% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\n The price is now trading below $1,560 and the 100 hourly simple moving average<\/a>. It is also trading below the 76.4% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\n However, it is still above the $1,500 support. Besides, there is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,530 level. The first major resistance is near the $1,550 zone and the 100 hourly simple moving average.<\/p>\n
\nThe price is now trading below $1,560 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase unless there is a clear move below the $1,480 support.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start a decent increase. The next key barrier is near the $1,660 level, above which the price might rise towards the $1,700 resistance zone.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to rise above the $1,550 resistance, it could continue to move down. An initial support on the downside is near the $1,500 zone and the trend line.<\/p>\nA clear move below the trend line support might push the price towards the $1,480 support zone. Any more losses might even push ether price to the $1,400 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,480<\/p>\nMajor Resistance Level \u2013 $1,550<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support.<\/p>\nEthereum started another decline after there was a false break above $1,620.\nThe price is now trading below $1,560 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start a fresh increase unless there is a clear move below the $1,480 support.<\/p>\nEthereum Price Tests Key Support<\/p>\nEthereum made another attempt to clear the $1,620 resistance zone<\/a>. ETH even spiked above the $1,640 and $1,650 levels. However, the bears were active near the $1,660 level.<\/p>\nA high was formed near $1,662 and the price started a fresh decline. There was a downside break below the $1,560 and $1,550 levels. Ether price declined below the 50% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\nThe price is now trading below $1,560 and the 100 hourly simple moving average<\/a>. It is also trading below the 76.4% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\nHowever, it is still above the $1,500 support. Besides, there is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,530 level. The first major resistance is near the $1,550 zone and the 100 hourly simple moving average.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start a decent increase. The next key barrier is near the $1,660 level, above which the price might rise towards the $1,700 resistance zone.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to rise above the $1,550 resistance, it could continue to move down. An initial support on the downside is near the $1,500 zone and the trend line.<\/p>\nA clear move below the trend line support might push the price towards the $1,480 support zone. Any more losses might even push ether price to the $1,400 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,480<\/p>\nMajor Resistance Level \u2013 $1,550<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-4062","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\/4062","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=4062"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4062\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=4062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=4062"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=4062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Ethereum-19.png\"){kind=link}