Ethereum Price Topside Bias Vulnerable Unless It Clears One Key Resistance<\/title>\n<meta name=\"description\" content=\"Ethereum price extended its decline below the $1,550 level against the US Dollar. ETH remains at a risk of more losses unless it recovers above $1,560.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-vulnerable-1500-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Topside Bias Vulnerable Unless It Clears One Key Resistance\" \/>\n<meta property=\"og:description\" content=\"Ethereum price extended its decline below the $1,550 level against the US Dollar. 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{"id":519419,"date":"2023-02-13T04:57:44","date_gmt":"2023-02-13T04:57:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=519419"},"modified":"2024-06-11T14:32:25","modified_gmt":"2024-06-11T14:32:25","slug":"ethereum-price-vulnerable-1500-2","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-vulnerable-1500-2\/","title":{"rendered":"Ethereum Price Topside Bias Vulnerable Unless It Clears One Key Resistance"},"content":{"rendered":"

Ethereum price extended its decline below the $1,550 level against the US Dollar. ETH remains at a risk of more losses unless it recovers above $1,560.<\/em><\/p>\n

\n
Ethereum gained bearish momentum and traded below $1,550.<\/li>\n
The price is now trading below $1,550 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,540 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move down if it stays below the $1,560 resistance.<\/li>\n<\/ul>\n
Ethereum Price Turns Red<\/h2>\n
Ethereum price failed to recover above the $1,600 resistance and extended its decline, similar to bitcoin<\/a>. ETH traded below the key $1,550 support zone to move further into a bearish zone.<\/p>\n
The price even spiked below the $1,530 support zone. A low is formed near $1,492 and the price is now consolidating losses. Ether price is now showing bearish signs below $1,550 and the 100 hourly simple moving average.<\/p>\n
An immediate resistance is near the $1,540 level. There is also a key bearish trend line forming with resistance near $1,540 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the key decline from the $1,700 swing high to $1,492 low.<\/p>\n
The next major resistance is near the $1,560 level and the 100 hourly simple moving average<\/a>. A clear move above the $1,560 resistance might send the price towards $1,600. It is close to the 50% Fib retracement level of the key decline from the $1,700 swing high to $1,492 low.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
An upside break above the $1,600 resistance zone could start a steady increase. In the stated case, the price may perhaps rise towards the $1,650 resistance.<\/p>\n
More Losses in ETH?<\/h2>\n
If ethereum fails to clear the $1,560 resistance, it could continue to move down. An initial support on the downside is near the $1,500 level.<\/p>\n
The next major support is near the $1,480 zone. If there is a break below $1,480, the price might head lower towards the $1,435 support. Any more losses might call for a test of the $1,365 support zone.<\/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 $1,500<\/p>\n
Major Resistance Level \u2013 $1,560<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price extended its decline below the $1,550 level against the US Dollar. ETH remains at a risk of more losses unless it recovers above $1,560. Ethereum gained bearish momentum and traded below $1,550. The price is now trading below $1,550 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,540 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,560 resistance. Ethereum Price Turns Red Ethereum price failed to recover above the $1,600 resistance and extended its decline, similar to bitcoin. ETH traded below the key $1,550 support zone to move further into a bearish zone. The price even spiked below the $1,530 support zone. A low is formed near $1,492 and the price is now consolidating losses. Ether price is now showing bearish signs below $1,550 and the 100 hourly simple moving average. An immediate resistance is near the $1,540 level. There is also a key bearish trend line forming with resistance near $1,540 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the key decline from the $1,700 swing high to $1,492 low. The next major resistance is near the $1,560 level and the 100 hourly simple moving average. A clear move above the $1,560 resistance might send the price towards $1,600. It is close to the 50% Fib retracement level of the key decline from the $1,700 swing high to $1,492 low. Source: ETHUSD on TradingView.com An upside break above the $1,600 resistance zone could start a steady increase. In the stated case, the price may perhaps rise towards the $1,650 resistance. More Losses in ETH? If ethereum fails to clear the $1,560 resistance, it could continue to move down. An initial support on the downside is near the $1,500 level. The next major support is near the $1,480 zone. If there is a break below $1,480, the price might head lower towards the $1,435 support. Any more losses might call for a test of the $1,365 support zone. 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 $1,500 Major Resistance Level \u2013 $1,560<\/p>\n","protected":false},"author":67,"featured_media":510424,"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-519419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Topside Bias Vulnerable Unless It Clears One Key Resistance<\/title>\n<meta name=\"description\" content=\"Ethereum price extended its decline below the $1,550 level against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Topside Bias Vulnerable Unless It Clears One Key Resistance","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-vulnerable-1500-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-vulnerable-1500-2\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/iStock-1383710952.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/iStock-1383710952.jpg?fit=1254%2C836"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2023-02-13T04:57:44Z","datePublished":"2023-02-13T04:57:44Z","dateModified":"2024-06-11T14:32:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Topside Bias Vulnerable Unless It Clears One Key Resistance\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-vulnerable-1500-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-vulnerable-1500-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/iStock-1383710952.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/iStock-1383710952.jpg?fit=1254%2C836\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-02-13T04:57:44Z\",\"datePublished\":\"2023-02-13T04:57:44Z\",\"dateModified\":\"2024-06-11T14:32:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/iStock-1383710952.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519419"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=519419"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/510424"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=519419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=519419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=519419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}