{"id":539282,"date":"2023-06-23T03:14:30","date_gmt":"2023-06-23T03:14:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=539282"},"modified":"2024-06-11T14:37:54","modified_gmt":"2024-06-11T14:37:54","slug":"ethereum-price-consolidates-1920","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-consolidates-1920\/","title":{"rendered":"Ethereum Price Consolidates Below $1,920: What Could Trigger A Fresh Increase?"},"content":{"rendered":"<p><em>Ethereum price is correcting gains from $1,930 against the US Dollar. ETH could start a fresh increase unless there is an extended decline toward $1,820.<\/em><\/p>\n<ul>\n<li>Ethereum is currently correcting lower from the $1,930 resistance.<\/li>\n<li>The price is trading above $1,850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise further above the $1,900 and $1,930 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Is Stable Above $1,850<\/h2>\n<p>Ethereum\u2019s price rallied above the $1,850 resistance zone. ETH even spiked above $1,900 before the bears appeared. A high is formed near $1,930 and the price is now correcting gains, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rally-pauses-30800\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a move below the $1,900 and $1,880 levels. The price traded below the 23.6% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. Besides, there was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD.<\/p>\n<p>Ether is still trading above $1,850 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-follows-bitcoin-2000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,900 level. The next major resistance is near the $1,930 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-539283\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?resize=1835%2C845\" alt=\"Ethereum Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-15.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>If the bulls manage to pump Ethereum above the recent high, the price might even surpass $1,950. The next resistance sits near $2,000, above which the bulls could aim a move toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance.<\/p>\n<h2>Are Dips Limited in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,930 resistance, it could continue to move down. Initial support on the downside is near the $1,865 level.<\/p>\n<p>The next major support is near the $1,820 level and the 100-hourly Simple Moving Average. It is close to the 50% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. If there is a break below the $1,820 support, the price could test $1,800. Any more losses may perhaps send the price toward the $1,750 zone or even $1,720 in the coming days.<\/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 near the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,820<\/p>\n<p>Major Resistance Level \u2013 $1,930<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is correcting gains from $1,930 against the US Dollar. ETH could start a fresh increase unless there is an extended decline toward $1,820. Ethereum is currently correcting lower from the $1,930 resistance. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further above the $1,900 and $1,930 resistance levels. Ethereum Price Is Stable Above $1,850 Ethereum\u2019s price rallied above the $1,850 resistance zone. ETH even spiked above $1,900 before the bears appeared. A high is formed near $1,930 and the price is now correcting gains, similar to Bitcoin. There was a move below the $1,900 and $1,880 levels. The price traded below the 23.6% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. Besides, there was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD. Ether is still trading above $1,850 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,900 level. The next major resistance is near the $1,930 level. Source: ETHUSD on TradingView.com If the bulls manage to pump Ethereum above the recent high, the price might even surpass $1,950. The next resistance sits near $2,000, above which the bulls could aim a move toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance. Are Dips Limited in ETH? If Ethereum fails to clear the $1,930 resistance, it could continue to move down. Initial support on the downside is near the $1,865 level. The next major support is near the $1,820 level and the 100-hourly Simple Moving Average. It is close to the 50% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. If there is a break below the $1,820 support, the price could test $1,800. Any more losses may perhaps send the price toward the $1,750 zone or even $1,720 in the coming days. 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 near the 50 level. Major Support Level \u2013 $1,820 Major Resistance Level \u2013 $1,930<\/p>\n","protected":false},"author":67,"featured_media":462718,"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-539282","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 Consolidates Below $1,920: What Could Trigger A Fresh Increase?<\/title>\n<meta name=\"description\" content=\"Ethereum price is correcting gains from $1,930 against the US Dollar. 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