{"id":459031,"date":"2021-03-19T05:08:54","date_gmt":"2021-03-19T05:08:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=459031"},"modified":"2024-06-11T14:14:05","modified_gmt":"2024-06-11T14:14:05","slug":"ethereum-stuck-in-a-range-1700","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-stuck-in-a-range-1700\/","title":{"rendered":"TA: Ethereum Stuck In A Range, Why $1,700 Is The Key For Next Move"},"content":{"rendered":"
Ethereum failed to clear the $1,850 resistance and corrected lower against the US Dollar. ETH price is still holding the key $1,710 support and it seems to be trading in a range.<\/em><\/p>\n Ethereum extended its rise above the $1,800 and $1,820 resistance levels<\/a>. ETH even broke $1,840, but it failed to surpass the key $1,850 resistance zone.<\/p>\n A high was formed near $1,849 before the price started a fresh decline. It broke the $1,800 support and the 100 hourly simple moving average. Ether tested the $1,710 support zone, where the bulls took a strong stand. It seems like the price is moving in a range below the $1,850 resistance and above the $1,710 support.<\/p>\n The price is trading above the 23.6% Fib retracement level of the recent decline from the $1,849 high to $1,732 low. On the upside, the price is facing hurdles near the $1,800 level and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n There is also a key bearish trend line forming with resistance near $1,790 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $1,849 high to $1,732 low. A close above the $1,800 resistance may possibly lead the price towards the $1,850 level. To start a strong increase, the price must settle above $1,850 in the near term.<\/p>\n If Ethereum fails to climb above the $1,800 and $1,850 resistance levels, it could attempt a downside break. An initial support on the downside is near the $1,740 level.<\/p>\n The main support is still near the $1,710 and $1,700 levels, below which ether price might start a strong decline towards the $1,650 and $1,620 levels.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly moving into the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is just below the 50 level.<\/p>\n Major Support Level \u2013 $1,710<\/p>\n Major Resistance Level \u2013 $1,800<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum failed to clear the $1,850 resistance and corrected lower against the US Dollar. ETH price is still holding the key $1,710 support and it seems to be trading in a range. Ethereum is moving in a range below the $1,850 resistance and above the $1,710 support. The price is now above the $1,710 support, but it is below the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,790 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely start a strong increase as long as there is no clear break below $1,700. Ethereum Price is Holding Key Support Ethereum extended its rise above the $1,800 and $1,820 resistance levels. ETH even broke $1,840, but it failed to surpass the key $1,850 resistance zone. A high was formed near $1,849 before the price started a fresh decline. It broke the $1,800 support and the 100 hourly simple moving average. Ether tested the $1,710 support zone, where the bulls took a strong stand. It seems like the price is moving in a range below the $1,850 resistance and above the $1,710 support. The price is trading above the 23.6% Fib retracement level of the recent decline from the $1,849 high to $1,732 low. On the upside, the price is facing hurdles near the $1,800 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com There is also a key bearish trend line forming with resistance near $1,790 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $1,849 high to $1,732 low. A close above the $1,800 resistance may possibly lead the price towards the $1,850 level. To start a strong increase, the price must settle above $1,850 in the near term. More Losses in ETH? If Ethereum fails to climb above the $1,800 and $1,850 resistance levels, it could attempt a downside break. An initial support on the downside is near the $1,740 level. The main support is still near the $1,710 and $1,700 levels, below which ether price might start a strong decline towards the $1,650 and $1,620 levels. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving into the bullish zone. Hourly RSI – The RSI for ETH\/USD is just below the 50 level. Major Support Level \u2013 $1,710 Major Resistance Level \u2013 $1,800<\/p>\n","protected":false},"author":67,"featured_media":459034,"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":[1946,8686,78803],"class_list":["post-459031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price is Holding Key Support<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n