{"id":499266,"date":"2022-08-19T04:48:33","date_gmt":"2022-08-19T04:48:33","guid":{"rendered":"https:\/\/uniquehot.com\/?p=499266"},"modified":"2024-06-11T14:22:45","modified_gmt":"2024-06-11T14:22:45","slug":"ethereum-uptrend-vulnerable-1900","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-uptrend-vulnerable-1900\/","title":{"rendered":"TA: Ethereum Uptrend Vulnerable Unless It Surges Past $1,900"},"content":{"rendered":"
Ethereum extended losses below the $1,820 support against the US Dollar. ETH could decline further if it fails to start a recovery wave above the $1,900 level.<\/em><\/p>\n Ethereum followed a bearish path<\/a> after it settled below the $1,900 level. ETH traded below the $1,850 support zone and increased pressure on the bulls.<\/p>\n The bears even pushed the price below the $1,820 level, but the price stayed above the $1,800 level. A low is formed near $1,806 and the price is now consolidating losses. Ether price is now trading below $1,880 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,840 level. It is near the 23.6% Fib retracement level of the recent drop from the $1,955 swing high to $1,806 low.<\/p>\n The first major resistance is now forming near the $1,880 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $1,880 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the recent drop from the $1,955 swing high to $1,806 low.<\/p>\n <\/a><\/p>\n A clear move above the $1,880 resistance could even push the price above the $1,900 resistance. The next major resistance is near the $1,920 level, above which the price may perhaps move into a positive zone.<\/p>\n If ethereum fails to rise above the $1,880 resistance, it could continue to move down. An initial support on the downside is near the $1,800 zone.<\/p>\n The next major support is near $1,780, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,750 level. Any more losses may perhaps open the doors for a move towards the $1,650 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n Hourly RSI – <\/strong>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 $1,880<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended losses below the $1,820 support against the US Dollar. ETH could decline further if it fails to start a recovery wave above the $1,900 level. Ethereum started a fresh decline and traded below the $1,900 level. The price is now trading below $1,880 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,880 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move down if there is a clear move below the $1,800 level. Ethereum Price Turns Red Ethereum followed a bearish path after it settled below the $1,900 level. ETH traded below the $1,850 support zone and increased pressure on the bulls. The bears even pushed the price below the $1,820 level, but the price stayed above the $1,800 level. A low is formed near $1,806 and the price is now consolidating losses. Ether price is now trading below $1,880 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,840 level. It is near the 23.6% Fib retracement level of the recent drop from the $1,955 swing high to $1,806 low. The first major resistance is now forming near the $1,880 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $1,880 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the recent drop from the $1,955 swing high to $1,806 low. Source: ETHUSD on TradingView.com A clear move above the $1,880 resistance could even push the price above the $1,900 resistance. The next major resistance is near the $1,920 level, above which the price may perhaps move into a positive zone. More Losses in ETH? If ethereum fails to rise above the $1,880 resistance, it could continue to move down. An initial support on the downside is near the $1,800 zone. The next major support is near $1,780, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,750 level. Any more losses may perhaps open the doors for a move towards the $1,650 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,800 Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"author":67,"featured_media":464770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803],"class_list":["post-499266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Turns Red<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n