{"id":521261,"date":"2023-02-28T05:23:31","date_gmt":"2023-02-28T05:23:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=521261"},"modified":"2024-06-11T11:19:27","modified_gmt":"2024-06-11T11:19:27","slug":"ethereum-price-bears-active-1660","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-bears-active-1660\/","title":{"rendered":"Ethereum Bears Keep Pushing, Why This Resistance Could Turn Barrier"},"content":{"rendered":"<p><em>Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to start a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum is correcting lower from the $1,660 resistance zone.<\/li>\n<li>The price is trading near $1,620 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could gain bearish momentum if there is no close above the $1,660 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Fails Again<\/h2>\n<p>Ethereum price attempted a fresh increase from the $1.600 support zone. ETH climbed above the $1,640 level, but the bears were active near the $1,660 resistance zone. A high was formed near $1,665 and the price started another decline, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-recovery-fade-24k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a>.<\/p>\n<p>There was a move below the $1,640 level. Besides, there was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD.<\/p>\n<p>Ether price even spiked below $1,620 and tested the 50% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. It is now trading near $1,620 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-holds-strong-1600\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $1,640 level.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-521262\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>The first major resistance is near the $1,660 zone. The next major resistance is near the $1,670 zone. A close above the $1,670 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level.<\/p>\n<h2>More Losses in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,660 resistance, it could continue to move down. An initial support on the downside is near the $1,610 level.<\/p>\n<p>The next major support is near the $1,600 zone or the 61.8% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. If there is a break below $1,600, the price might gain bearish momentum and test the $1,565 support. Any more losses might call for a test of the $1,500 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,600<\/p>\n<p>Major Resistance Level \u2013 $1,660<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to start a fresh increase in the near term. Ethereum is correcting lower from the $1,660 resistance zone. The price is trading near $1,620 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bearish momentum if there is no close above the $1,660 resistance zone. Ethereum Price Fails Again Ethereum price attempted a fresh increase from the $1.600 support zone. ETH climbed above the $1,640 level, but the bears were active near the $1,660 resistance zone. A high was formed near $1,665 and the price started another decline, similar to bitcoin. There was a move below the $1,640 level. Besides, there was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD. Ether price even spiked below $1,620 and tested the 50% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. It is now trading near $1,620 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,640 level. Source: ETHUSD on TradingView.com The first major resistance is near the $1,660 zone. The next major resistance is near the $1,670 zone. A close above the $1,670 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level. More Losses in ETH? If ethereum fails to clear the $1,660 resistance, it could continue to move down. An initial support on the downside is near the $1,610 level. The next major support is near the $1,600 zone or the 61.8% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. If there is a break below $1,600, the price might gain bearish momentum and test the $1,565 support. Any more losses might call for a test of the $1,500 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,600 Major Resistance Level \u2013 $1,660<\/p>\n","protected":false},"author":67,"featured_media":461576,"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-521261","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<title>Ethereum Bears Keep Pushing, Why This Resistance Could Turn Barrier<\/title>\n<meta name=\"description\" content=\"Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. 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