Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level.<\/p>\n
Ethereum started a fresh decline from the $1,950 resistance zone.
\nThe price is now trading below $1,900 and the 100 hourly simple moving average.
\nThere is a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bearish momentum if there is a clear move below the $1,800 level.<\/p>\n
Ethereum Price Remains At Risk<\/p>\n
Ethereum remained in a bearish zone below the $2,000 resistance zone. ETH traded below the $1,850 support zone to move further into a bearish zone.<\/p>\n
The decline found support near the $1,820 level. Ether price is now consolidating losses above the $1,820 level. It is now trading below $1,900 and the 100 hourly simple moving average. The bears are active near the 23.6% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low.<\/p>\n
An immediate resistance on the upside is near the $1,885 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low.<\/p>\n
The main resistance is now forming near the $1,900 and $1,920 levels. There is also a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH\/USD. A clear move above the $1,920 resistance could push the price towards the $1,950 level.<\/p>\n\n
Source: ETHUSD on TradingView.com<\/p>\n
To move into a positive zone, the price must clear the $1,950 level. In the stated case, the price may perhaps rise towards the $2,000 level.<\/p>\n
More Losses in ETH?<\/p>\n
If ethereum fails to rise above the $1,920 resistance, it could continue to move down. An initial support on the downside is near the $1,820 zone.<\/p>\n
The next major support is near $1,800, below which there could be more losses. In the stated case, ether price may perhaps decline towards the $1,760 level. Any more losses may perhaps open the doors for a move towards the $1,700 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n
Hourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,800<\/p>\n
Major Resistance Level \u2013 $1,920<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level.<\/p>\n
Ethereum started a fresh decline from the $1,950 resistance zone.
\nThe price is now trading below $1,900 and the 100 hourly simple moving average.
\nThere is a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bearish momentum if there is a clear move below the $1,800 level.<\/p>\n
Ethereum Price Remains At Risk<\/p>\n
Ethereum remained in a bearish zone below the $2,000 resistance zone. ETH traded below the $1,850 support zone to move further into a bearish zone.<\/p>\n
The decline found support near the $1,820 level. Ether price is now consolidating losses above the $1,820 level. It is now trading below $1,900 and the 100 hourly simple moving average. The bears are active near the 23.6% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low.<\/p>\n
An immediate resistance on the upside is near the $1,885 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low.<\/p>\n
The main resistance is now forming near the $1,900 and $1,920 levels. There is also a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH\/USD. A clear move above the $1,920 resistance could push the price towards the $1,950 level.<\/p>\n
Source: ETHUSD on TradingView.com<\/p>\n
To move into a positive zone, the price must clear the $1,950 level. In the stated case, the price may perhaps rise towards the $2,000 level.<\/p>\n
More Losses in ETH?<\/p>\n
If ethereum fails to rise above the $1,920 resistance, it could continue to move down. An initial support on the downside is near the $1,820 zone.<\/p>\n
The next major support is near $1,800, below which there could be more losses. In the stated case, ether price may perhaps decline towards the $1,760 level. Any more losses may perhaps open the doors for a move towards the $1,700 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n
Hourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,800<\/p>\n
Major Resistance Level \u2013 $1,920<\/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-5831","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\/5831","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=5831"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5831\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5831"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}