{"id":551869,"date":"2023-09-19T04:35:03","date_gmt":"2023-09-19T04:35:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=551869"},"modified":"2024-06-11T09:26:03","modified_gmt":"2024-06-11T09:26:03","slug":"ethereum-price-rejection-1670","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-rejection-1670\/","title":{"rendered":"Ethereum Price Faces Another Rejection \u2013 Can Bulls Save The Day?"},"content":{"rendered":"<p><em>Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar. ETH trimmed gains and now consolidating near the $1,630 zone.<\/em><\/p>\n<ul>\n<li>Ethereum struggled to clear the $1,670 resistance.<\/li>\n<li>The price is trading above $1,630 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $1,628 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must stay above the $1,620 support zone to start a fresh increase in the short term.<\/li>\n<\/ul>\n<h2>Ethereum Price Revisits Support<\/h2>\n<p>Ethereum\u2019s price started a <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-gains-not-over-1650\/\" target=\"_blank\" rel=\"noopener \">decent increase above the $1,620 resistance<\/a>. ETH even climbed above the $1,650 resistance before the bears appeared, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-propel-to-28k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>During the increase, there was a break above a key bearish trend line with resistance near $1,628 on the hourly chart of ETH\/USD. However, the bears defended the $1,670 resistance. A high was formed near $1,669 and the price started a downside correction.<\/p>\n<p>There was a move below the $1,650 level. The price declined below the 50% Fib retracement level of the upward move from the $1,613 swing low to the $1,669 high.<\/p>\n<p>Ether is now trading above $1,630 and the 100-hourly Simple Moving Average. It is also trading near the 61.8% Fib retracement level of the upward move from the $1,613 swing low to the $1,669 high. On the upside, the price might face resistance near the $1,650 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-551870\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?resize=1024%2C468\" alt=\"Ethereum Price \" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Ethereum-12.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>The next resistance is near the $1,670 level. A close above the $1,670 resistance might send the price toward the $1,720 resistance. The next major hurdle is near the $1,750 level. A close above the $1,750 level might send Ethereum further higher toward $1,880 in the coming days.<\/p>\n<h2>More Losses in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,630 level and the 100-hourly Simple Moving Average.<\/p>\n<p>The first key support is close to $1,620. The next key support is $1,600. A downside break below $1,600 might start another bearish wave. In the stated case, the price could even decline toward the $1,540 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish 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 $1,620<\/p>\n<p>Major Resistance Level \u2013 $1,670<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar. ETH trimmed gains and now consolidating near the $1,630 zone. Ethereum struggled to clear the $1,670 resistance. The price is trading above $1,630 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,628 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above the $1,620 support zone to start a fresh increase in the short term. Ethereum Price Revisits Support Ethereum\u2019s price started a decent increase above the $1,620 resistance. ETH even climbed above the $1,650 resistance before the bears appeared, like Bitcoin. During the increase, there was a break above a key bearish trend line with resistance near $1,628 on the hourly chart of ETH\/USD. However, the bears defended the $1,670 resistance. A high was formed near $1,669 and the price started a downside correction. There was a move below the $1,650 level. The price declined below the 50% Fib retracement level of the upward move from the $1,613 swing low to the $1,669 high. Ether is now trading above $1,630 and the 100-hourly Simple Moving Average. It is also trading near the 61.8% Fib retracement level of the upward move from the $1,613 swing low to the $1,669 high. On the upside, the price might face resistance near the $1,650 level. Source: ETHUSD on TradingView.com The next resistance is near the $1,670 level. A close above the $1,670 resistance might send the price toward the $1,720 resistance. The next major hurdle is near the $1,750 level. A close above the $1,750 level might send Ethereum further higher toward $1,880 in the coming days. More Losses in ETH? If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,630 level and the 100-hourly Simple Moving Average. The first key support is close to $1,620. The next key support is $1,600. A downside break below $1,600 might start another bearish wave. In the stated case, the price could even decline toward the $1,540 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,620 Major Resistance Level \u2013 $1,670<\/p>\n","protected":false},"author":67,"featured_media":457917,"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-551869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Faces Another Rejection \u2013 Can Bulls Save The Day?<\/title>\n<meta name=\"description\" content=\"Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar. 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