{"id":390243,"date":"2019-07-18T03:08:21","date_gmt":"2019-07-18T03:08:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=390243"},"modified":"2024-06-11T13:08:28","modified_gmt":"2024-06-11T13:08:28","slug":"ethereum-price-eth-correcting-losses-225-presents-key-resistance","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/","title":{"rendered":"Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance"},"content":{"rendered":"<ul>\n<li>ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar.<\/li>\n<li>The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225.<\/li>\n<li>There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels.<\/li>\n<\/ul>\n<p><em>Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to <a href=\"https:\/\/ktsl888.com\/2019\/07\/17\/bitcoin-price-btc-tumbles-15-8880-bearish-target-in-sight\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. ETH price might start a fresh decrease if it fails to continue higher above $225.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, we saw a sharp decline in <a href=\"https:\/\/ktsl888.com\/2019\/07\/17\/bitcoin-crypto-market-could-bleed-further-bch-bnb-ltc-trx-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> and Ethereum price against the US Dollar. ETH\/USD even broke the key $200 support level and traded to a new monthly low. A swing low was formed near $190 and recently the price started an upside correction. It broke the $200 resistance to start a decent recovery. Moreover, there was a break above the $210 resistance plus the 50% Fib retracement level of the last decline from the $235 high to $190 low.<\/p>\n<p>However, the price faced a strong resistance near the $218 and $220 levels. Moreover, there is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH\/USD. It seems like the pair struggled near the 61.8% Fib retracement level of the last decline from the $235 high to $190 low. Above the trend line, the next important resistance is near the $225 level.<\/p>\n<p>The 100 hourly simple moving average is positioned near the $225 level to act as a strong resistance. The final hurdle for the bulls is near the $235 resistance and another bearish trend line. Therefore, the bulls are likely to face a lot of hurdles, starting with $218 and up to $235. Only a successful close above $235 might decrease bearish pressure and push the price towards $250.<\/p>\n<p>On the other hand, if the price fails to climb above $220 or $225, it is likely to restart its decline. An immediate support is near the $210 level, below which the price may perhaps revisit the $200 handle.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-390244\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Ethereum-15.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is showing a few positive signs above the $210 level. Having said that, it must clear the $220 and $225 resistance levels to continue higher. If not, it could decline back towards $200 or the $190 low.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD might move back into the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently above the 50 level, with a bullish angle.<\/p>\n<p>Major Support Level \u2013 $210<\/p>\n<p>Major Resistance Level \u2013 $220<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar. The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225. There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels. Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. ETH price might start a fresh decrease if it fails to continue higher above $225. Ethereum Price Analysis Yesterday, we saw a sharp decline in bitcoin and Ethereum price against the US Dollar. ETH\/USD even broke the key $200 support level and traded to a new monthly low. A swing low was formed near $190 and recently the price started an upside correction. It broke the $200 resistance to start a decent recovery. Moreover, there was a break above the $210 resistance plus the 50% Fib retracement level of the last decline from the $235 high to $190 low. However, the price faced a strong resistance near the $218 and $220 levels. Moreover, there is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH\/USD. It seems like the pair struggled near the 61.8% Fib retracement level of the last decline from the $235 high to $190 low. Above the trend line, the next important resistance is near the $225 level. The 100 hourly simple moving average is positioned near the $225 level to act as a strong resistance. The final hurdle for the bulls is near the $235 resistance and another bearish trend line. Therefore, the bulls are likely to face a lot of hurdles, starting with $218 and up to $235. Only a successful close above $235 might decrease bearish pressure and push the price towards $250. On the other hand, if the price fails to climb above $220 or $225, it is likely to restart its decline. An immediate support is near the $210 level, below which the price may perhaps revisit the $200 handle. Looking at the chart, Ethereum price is showing a few positive signs above the $210 level. Having said that, it must clear the $220 and $225 resistance levels to continue higher. If not, it could decline back towards $200 or the $190 low. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD might move back into the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently above the 50 level, with a bullish angle. Major Support Level \u2013 $210 Major Resistance Level \u2013 $220<\/p>\n","protected":false},"author":67,"featured_media":344603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-390243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance<\/title>\n<meta name=\"description\" content=\"Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. 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ETH price might start a fresh decrease if it fails to continue higher above $225.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-18T03:08:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:08:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth5.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance\",\"datePublished\":\"2019-07-18T03:08:21+00:00\",\"dateModified\":\"2024-06-11T13:08:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/\"},\"wordCount\":415,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth5.jpg?fit=1200%2C600\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/\",\"url\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/\",\"name\":\"Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth5.jpg?fit=1200%2C600\",\"datePublished\":\"2019-07-18T03:08:21+00:00\",\"dateModified\":\"2024-06-11T13:08:28+00:00\",\"description\":\"Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. 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