{"id":459397,"date":"2021-03-24T05:08:23","date_gmt":"2021-03-24T05:08:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=459397"},"modified":"2024-06-11T14:14:13","modified_gmt":"2024-06-11T14:14:13","slug":"ethereum-struggles-below-1700","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-struggles-below-1700\/","title":{"rendered":"TA: Ethereum Struggles Below $1,700, Why ETH Could Accelerate Losses"},"content":{"rendered":"
Ethereum is struggling to recover above the $1,710 and $1,750 resistance levels against the US Dollar. ETH price is likely to continue lower if it fails to stay above the $1,650 support level.<\/em><\/p>\n Ethereum tested the $1,650 support zone and started an upside correction<\/a>. It climbed above the $1,700 level, but it struggled to even test $1,750. A high is formed near $1,720 before the price started a fresh decline.<\/p>\n It broke the $1,700 level and retested the $1,660 support. Ether is now trading well below $1,750 and the 100 hourly simple moving average. A low is formed near $1,650 and the price is currently consolidating losses, similar to bitcoin<\/a>.<\/p>\n An initial resistance on the upside is near the $1,685 level. It is near the 50% Fib retracement level of the recent decline from the $1,721 high to $1,650 low. The first major resistance is near the $1,700 and $1,705 levels.<\/p>\n <\/a><\/p>\n The 76.4% Fib retracement level of the recent decline from the $1,721 high to $1,650 low is also near $1,705. Moreover, there is a key bearish trend line forming with resistance near $1,740 on the hourly chart of ETH\/USD. A clear break above the $1,720 high and then a follow up move above $1,750 is must for a fresh increase in the near term.<\/p>\n If Ethereum fails to climb above the $1,705 and $1,720 resistance levels, it could continue to move down. An initial support on the downside is near the $1,660 level.<\/p>\n The main support is near the $1,650 level. A clear downside break below the $1,650 support is likely to clear the path for a sharp decline. In the stated case, the price might test $1,600 or even $1,580 in the near term.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is still well below the 50 level.<\/p>\n Major Support Level \u2013 $1,650<\/p>\n Major Resistance Level \u2013 $1,720<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is struggling to recover above the $1,710 and $1,750 resistance levels against the US Dollar. ETH price is likely to continue lower if it fails to stay above the $1,650 support level. Ethereum is showing a few bearish signs below the $1,750 and $1,710 resistance levels. The price is currently trading well below $1,750 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,740 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct higher, but it is likely to face a strong selling interest near $1,710 and $1,750. Ethereum Price Remains At Risk Ethereum tested the $1,650 support zone and started an upside correction. It climbed above the $1,700 level, but it struggled to even test $1,750. A high is formed near $1,720 before the price started a fresh decline. It broke the $1,700 level and retested the $1,660 support. Ether is now trading well below $1,750 and the 100 hourly simple moving average. A low is formed near $1,650 and the price is currently consolidating losses, similar to bitcoin. An initial resistance on the upside is near the $1,685 level. It is near the 50% Fib retracement level of the recent decline from the $1,721 high to $1,650 low. The first major resistance is near the $1,700 and $1,705 levels. Source: ETHUSD on TradingView.com The 76.4% Fib retracement level of the recent decline from the $1,721 high to $1,650 low is also near $1,705. Moreover, there is a key bearish trend line forming with resistance near $1,740 on the hourly chart of ETH\/USD. A clear break above the $1,720 high and then a follow up move above $1,750 is must for a fresh increase in the near term. More Losses in ETH? If Ethereum fails to climb above the $1,705 and $1,720 resistance levels, it could continue to move down. An initial support on the downside is near the $1,660 level. The main support is near the $1,650 level. A clear downside break below the $1,650 support is likely to clear the path for a sharp decline. In the stated case, the price might test $1,600 or even $1,580 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is still well below the 50 level. Major Support Level \u2013 $1,650 Major Resistance Level \u2013 $1,720<\/p>\n","protected":false},"author":67,"featured_media":459399,"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-459397","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 Remains At Risk<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n