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{"id":521697,"date":"2023-03-03T05:40:10","date_gmt":"2023-03-03T05:40:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521697"},"modified":"2024-06-11T11:15:35","modified_gmt":"2024-06-11T11:15:35","slug":"ethereum-price-decline-1535","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-decline-1535\/","title":{"rendered":"Ethereum Price Won’t Go Down Quietly: Key Supports To Watch 2023-03-03"},"content":{"rendered":"

Ethereum price declined sharply below $1,600 against the US Dollar. ETH revisited the $1,535 support and the price might start an upside correction.<\/em><\/p>\n

\n
Ethereum started a major decline from the $1,665 resistance zone.<\/li>\n
The price is trading below $1,600 and the 100 hourly simple moving average.<\/li>\n
There was a break below a major bullish trend line with support near $1,625 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct higher, but the bears might be active near the $1,600 zone.<\/li>\n<\/ul>\n
Ethereum Price Drops Over 5%<\/h2>\n
Ethereum price started a major decline from the $1,665 resistance zone. ETH declined heavily below the $1,620 and $1,600 support levels, similar to bitcoin<\/a>.<\/p>\n
The price is down over 5% and there was a spike below $1,550. There was also a break below a major bullish trend line with support near $1,625 on the hourly chart of ETH\/USD. A low is formed near $1,542 and the price is now consolidating losses.<\/p>\n
The price is now trading near the 23.6% Fib retracement level of the downward move from the $1,677 swing high to $1,542 low.<\/p>\n
Ether price is now trading below $1,600 and the 100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $1,590 zone. The first major resistance is near the $1,600 zone. It is near the 50% Fib retracement level of the downward move from the $1,677 swing high to $1,542 low, above which the price might rise steadily. The next major resistance is near the $1,625 zone.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
A close above the $1,625 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,665 level.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If ethereum fails to clear the $1,600 resistance, it could continue to move down. An initial support on the downside is near the $1,550 level.<\/p>\n
The next major support is near the $1,535 zone. If there is a break below $1,535, the price might retest $1,500. Any more losses might call for a test of the $1,420 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 30 level.<\/p>\n
Major Support Level \u2013 $1,535<\/p>\n
Major Resistance Level \u2013 $1,600<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price declined sharply below $1,600 against the US Dollar. ETH revisited the $1,535 support and the price might start an upside correction. Ethereum started a major decline from the $1,665 resistance zone. The price is trading below $1,600 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,625 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct higher, but the bears might be active near the $1,600 zone. Ethereum Price Drops Over 5% Ethereum price started a major decline from the $1,665 resistance zone. ETH declined heavily below the $1,620 and $1,600 support levels, similar to bitcoin. The price is down over 5% and there was a spike below $1,550. There was also a break below a major bullish trend line with support near $1,625 on the hourly chart of ETH\/USD. A low is formed near $1,542 and the price is now consolidating losses. The price is now trading near the 23.6% Fib retracement level of the downward move from the $1,677 swing high to $1,542 low. Ether price is now trading below $1,600 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,590 zone. The first major resistance is near the $1,600 zone. It is near the 50% Fib retracement level of the downward move from the $1,677 swing high to $1,542 low, above which the price might rise steadily. The next major resistance is near the $1,625 zone. Source: ETHUSD on TradingView.com A close above the $1,625 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,665 level. Fresh Decline in ETH? If ethereum fails to clear the $1,600 resistance, it could continue to move down. An initial support on the downside is near the $1,550 level. The next major support is near the $1,535 zone. If there is a break below $1,535, the price might retest $1,500. Any more losses might call for a test of the $1,420 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 30 level. Major Support Level \u2013 $1,535 Major Resistance Level \u2013 $1,600<\/p>\n","protected":false},"author":67,"featured_media":476803,"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-521697","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 Won't Go Down Quietly: Key Supports To Watch 2023-03-03<\/title>\n<meta name=\"description\" content=\"Ethereum price declined sharply below $1,600 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 Won’t Go Down Quietly: Key Supports To Watch 2023-03-03","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-decline-1535\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-decline-1535\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/Depositphotos_183063862_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/Depositphotos_183063862_s-2019.jpg?fit=999%2C738"},"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":"2023-03-03T05:40:10Z","datePublished":"2023-03-03T05:40:10Z","dateModified":"2024-06-11T11:15:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Won’t Go Down Quietly: Key Supports To Watch 2023-03-03\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-decline-1535\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-decline-1535\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/Depositphotos_183063862_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/Depositphotos_183063862_s-2019.jpg?fit=999%2C738\"},\"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\":\"2023-03-03T05:40:10Z\",\"datePublished\":\"2023-03-03T05:40:10Z\",\"dateModified\":\"2024-06-11T11:15:35Z\"}<\/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\/2021\/11\/Depositphotos_183063862_s-2019.jpg?fit=999%2C738","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521697"}],"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=521697"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/476803"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=521697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=521697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=521697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}