{"id":541644,"date":"2023-07-07T03:10:51","date_gmt":"2023-07-07T03:10:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=541644"},"modified":"2024-06-11T10:16:08","modified_gmt":"2024-06-11T10:16:08","slug":"ethereum-price-is-plunging-1825","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-is-plunging-1825\/","title":{"rendered":"Ethereum Price Is Plunging, But It&#8217;s Too Early to Say Bulls Have Given Up"},"content":{"rendered":"<p><em>Ethereum price extended its decline below $1,900 against the US Dollar. ETH is testing the $1,825 support and is currently attempting a fresh increase.<\/em><\/p>\n<ul>\n<li>Ethereum is down over 2% and there was a move below $1,900.<\/li>\n<li>The price is trading below $1,890 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support near $1,905 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could attempt a fresh increase but upsides might be capped near $1,900.<\/li>\n<\/ul>\n<h2>Ethereum Price Extends Losses<\/h2>\n<p>Ethereum\u2019s price struggled to gain pace above the $1,955 resistance. ETH started another decline and traded below the key support at $1,900, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-takes-hit-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>The price even declined below the $1,850 level. Besides, there was a break below a connecting bullish trend line with support near $1,905 on the hourly chart of ETH\/USD. However, the bulls were active near the last pivot zone at $1,825. A low is formed near $1,825 and the price is now attempting a fresh increase.<\/p>\n<p>Ether is now trading below $1,890 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-retests-1900\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,855 level. It is close to the 23.6% Fib retracement level of the recent drop from the $1,955 swing high to the $1,825 low.<\/p>\n<p>The first major resistance is near the $1,890 zone or the 100-hourly Simple Moving Average. The next major resistance is near the $1,905 level. It is close to the 61.8% Fib retracement level of the recent drop from the $1,955 swing high to the $1,825 low.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-541645\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?resize=1835%2C845\" alt=\"Ethereum Price \" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-4.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/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>A clear move above the $1,905 resistance could push the price toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance.<\/p>\n<h2>More Losses in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,855 resistance or $1,890, it could continue to move down. Initial support on the downside is near the $1,840 level.<\/p>\n<p>The first major support is near the $1,825 level. The next major support is near the $1,770 level. If there is a move below the $1,770 support, the price could drop toward the $1,720 support level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is 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 $1,825<\/p>\n<p>Major Resistance Level \u2013 $1,890<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended its decline below $1,900 against the US Dollar. ETH is testing the $1,825 support and is currently attempting a fresh increase. Ethereum is down over 2% and there was a move below $1,900. The price is trading below $1,890 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support near $1,905 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could attempt a fresh increase but upsides might be capped near $1,900. Ethereum Price Extends Losses Ethereum\u2019s price struggled to gain pace above the $1,955 resistance. ETH started another decline and traded below the key support at $1,900, similar to Bitcoin. The price even declined below the $1,850 level. Besides, there was a break below a connecting bullish trend line with support near $1,905 on the hourly chart of ETH\/USD. However, the bulls were active near the last pivot zone at $1,825. A low is formed near $1,825 and the price is now attempting a fresh increase. Ether is now trading below $1,890 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,855 level. It is close to the 23.6% Fib retracement level of the recent drop from the $1,955 swing high to the $1,825 low. The first major resistance is near the $1,890 zone or the 100-hourly Simple Moving Average. The next major resistance is near the $1,905 level. It is close to the 61.8% Fib retracement level of the recent drop from the $1,955 swing high to the $1,825 low. Source: ETHUSD on TradingView.com A clear move above the $1,905 resistance could push the price toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance. More Losses in ETH? If Ethereum fails to clear the $1,855 resistance or $1,890, it could continue to move down. Initial support on the downside is near the $1,840 level. The first major support is near the $1,825 level. The next major support is near the $1,770 level. If there is a move below the $1,770 support, the price could drop toward the $1,720 support level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,825 Major Resistance Level \u2013 $1,890<\/p>\n","protected":false},"author":67,"featured_media":464166,"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-541644","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 Price Is Plunging, But It&#039;s Too Early to Say Bulls Have Given Up<\/title>\n<meta name=\"description\" content=\"Ethereum price extended its decline below $1,900 against the US Dollar. 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