{"id":521543,"date":"2023-03-02T06:01:23","date_gmt":"2023-03-02T06:01:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=521543"},"modified":"2024-06-11T14:32:59","modified_gmt":"2024-06-11T14:32:59","slug":"ethereum-price-vulnerable-1700","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-vulnerable-1700\/","title":{"rendered":"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,700"},"content":{"rendered":"<p><em>Ethereum price is still facing hurdles below $1,700 against the US Dollar. ETH could decline if it continues to struggle below the $1,700 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is facing heavy hurdles near the $1,665 resistance zone.<\/li>\n<li>The price is trading above $1,620 and the 100 hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise if there is a clear move above the $1,665 and $1,700 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Key Hurdle<\/h2>\n<p>Ethereum price started a fresh increase from the $1,600 support zone. ETH climbed above the $1,620 and $1,640 levels to avoid more losses, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-barrier-24000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a>.<\/p>\n<p>However, the bears were again active near the $1,660 and $1,665 levels. A high is formed near $1,668 and the price is now consolidating gains. It is trading below the 23.6% Fib retracement level of the upward move from the $1,597 swing low to $1,668 high.<\/p>\n<p>Ether price is trading above $1,620 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-regains-strength-1660\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-521544\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.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>On the upside, the price is facing resistance near the $1,665 zone. The first major resistance is near the $1,700 zone, above which the price might rise steadily. The next major resistance is near the $1,740 zone. A close above the $1,740 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,880 level.<\/p>\n<h2>Fresh Decline in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,635 level and the 100 hourly simple moving average.<\/p>\n<p>The next major support is near the $1,620 zone and the trend line. If there is a break below $1,620, the price might retest $1,600. Any more losses might call for a test of the $1,535 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 bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now near the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,620<\/p>\n<p>Major Resistance Level \u2013 $1,665<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is still facing hurdles below $1,700 against the US Dollar. ETH could decline if it continues to struggle below the $1,700 resistance. Ethereum is facing heavy hurdles near the $1,665 resistance zone. The price is trading above $1,620 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise if there is a clear move above the $1,665 and $1,700 resistance levels. Ethereum Price Faces Key Hurdle Ethereum price started a fresh increase from the $1,600 support zone. ETH climbed above the $1,620 and $1,640 levels to avoid more losses, similar to bitcoin. However, the bears were again active near the $1,660 and $1,665 levels. A high is formed near $1,668 and the price is now consolidating gains. It is trading below the 23.6% Fib retracement level of the upward move from the $1,597 swing low to $1,668 high. Ether price is trading above $1,620 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,665 zone. The first major resistance is near the $1,700 zone, above which the price might rise steadily. The next major resistance is near the $1,740 zone. A close above the $1,740 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,880 level. Fresh Decline in ETH? If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,635 level and the 100 hourly simple moving average. The next major support is near the $1,620 zone and the trend line. If there is a break below $1,620, the price might retest $1,600. Any more losses might call for a test of the $1,535 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now near the 50 level. Major Support Level \u2013 $1,620 Major Resistance Level \u2013 $1,665<\/p>\n","protected":false},"author":67,"featured_media":462031,"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-521543","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 Topside Bias Vulnerable If It Continues To Struggle Below $1,700<\/title>\n<meta name=\"description\" content=\"Ethereum price is still facing hurdles below $1,700 against the US Dollar. 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