ETHUSD on TradingView.com<\/a><\/p>\nOn the upside, the price is facing resistance near the $1,900 level. The next major resistance is near the $1,925 zone. A clear move above the $1,925 resistance zone might send the price toward the $2,000 resistance. The next major resistance might be $2,120. Any more gains could set the pace for a test of the $2,200 resistance. Intermediate resistance might be near $2,165.<\/p>\n
More Losses in ETH?<\/h2>\n If Ethereum fails to clear the $1,925 resistance, it could continue to move down. Initial support on the downside is near the $1,885 level.<\/p>\n
The next major support is near the $1,875 zone or the 76.4% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high, below which ether price might decline toward the $1,840 level. The next key support is near the $1,800 zone. If there is a break below $1,800, the price might resume its decline toward $1,740 in the coming days.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,840<\/p>\n
Major Resistance Level \u2013 $1,925<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price rallied above the $1,900 resistance against the US Dollar. ETH is correcting gains and trading near key support at $1,880. Ethereum jumped above $1,900 and tested the $1,925 resistance zone. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise again if it stays above the $1,880 and $1,850 support levels. Ethereum Price Remains Supported Ethereum\u2019s price climbed higher above the $1,850 resistance zone. ETH outperformed Bitcoin and even cleared the $1,900 resistance zone. A high was formed near $1,925 before the price started a downside correction. There was a drop below the $1,900 support zone. The price declined below the 50% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high. However, the bulls were active above the $1,850 support zone. Ether\u2019s price is now trading above $1,850 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,900 level. The next major resistance is near the $1,925 zone. A clear move above the $1,925 resistance zone might send the price toward the $2,000 resistance. The next major resistance might be $2,120. Any more gains could set the pace for a test of the $2,200 resistance. Intermediate resistance might be near $2,165. More Losses in ETH? If Ethereum fails to clear the $1,925 resistance, it could continue to move down. Initial support on the downside is near the $1,885 level. The next major support is near the $1,875 zone or the 76.4% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high, below which ether price might decline toward the $1,840 level. The next key support is near the $1,800 zone. If there is a break below $1,800, the price might resume its decline toward $1,740 in the coming days. 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 $1,840 Major Resistance Level \u2013 $1,925<\/p>\n","protected":false},"author":67,"featured_media":464420,"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-525822","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
Ethereum Price Corrects Gains But This Support Could Spark Fresh Increase<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n