{"id":393298,"date":"2019-08-16T03:08:57","date_gmt":"2019-08-16T03:08:57","guid":{"rendered":"https:\/\/wncen.com\/?p=393298"},"modified":"2024-06-11T13:24:23","modified_gmt":"2024-06-11T13:24:23","slug":"ethereum-price-eth-recovery-could-face-hurdles-near-190-195","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/","title":{"rendered":"Ethereum Price (ETH) Recovery Could Face Hurdles Near $190-$195"},"content":{"rendered":"<ul>\n<li>ETH price declined to a new monthly low at $173 and recently recovered against the US Dollar.<\/li>\n<li>There was a break above the $180 and $182 resistance levels.<\/li>\n<li>This week\u2019s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is likely to face a strong resistance near the $190 and $195 levels.<\/li>\n<\/ul>\n<p><em>Ethereum price is currently recovering from new lows versus the US Dollar, while struggling vs <a href=\"https:\/\/wncen.com\/2019\/08\/15\/bitcoin-btc-price-final-target-but-decline-far-from-over\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price<\/a>. ETH price might continue to slide if it fails to surpass $195.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, there was a nasty decline in <a href=\"https:\/\/wncen.com\/2019\/08\/15\/bitcoin-crypto-market-cap-nosedived-ltc-bnb-bch-trx-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> price below the $10,000 support. ETH price also declined heavily below the $200 and $190 support levels. Later, the price gained bearish momentum below the $185 support level. Moreover, there was a break below the $180 level and a close below the 100 hourly simple moving average. Finally, the price traded to a new swing low at $174 and recently started an upside correction.<\/p>\n<p>There was a break above the 23.6% Fib retracement level of the downward move from the $210 high to $174 low. Moreover, the price is currently showing positive signs above the $182 and $185 levels. However, there are many important resistances on the upside near the $190 and $192 levels. Besides, the 50% Fib retracement level of the downward move from the $210 high to $174 low is also near the $192 level.<\/p>\n<p>If there is an upside break above $192, the price could correct higher towards the $195 resistance. The main resistance is near the $200 area (the previous support zone). More importantly, this week\u2019s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH\/USD. Therefore, the price is likely to face many hurdles on the upside, starting with $190 and up to $200.<\/p>\n<p>On the downside, an initial support is near the $182 level, below which the price might even trade below $180. The main support is near the $174-$175 area. If there are more downside, the price could slide significantly.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-393299\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ethereum-12.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is facing many barriers on the upside near $190. However, there are chances of a short term recovery above the $190 level. The target could be near the $200 level, where the bears are likely to appear again. Conversely, a break below the $182 and $175 supports may call for a drop to $162.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is slowly moving in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently struggling to stay above the 50 level.<\/p>\n<p>Major Support Level \u2013 $182<\/p>\n<p>Major Resistance Level \u2013 $192<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price declined to a new monthly low at $173 and recently recovered against the US Dollar. There was a break above the $180 and $182 resistance levels. This week\u2019s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to face a strong resistance near the $190 and $195 levels. Ethereum price is currently recovering from new lows versus the US Dollar, while struggling vs bitcoin price. ETH price might continue to slide if it fails to surpass $195. Ethereum Price Analysis Yesterday, there was a nasty decline in bitcoin price below the $10,000 support. ETH price also declined heavily below the $200 and $190 support levels. Later, the price gained bearish momentum below the $185 support level. Moreover, there was a break below the $180 level and a close below the 100 hourly simple moving average. Finally, the price traded to a new swing low at $174 and recently started an upside correction. There was a break above the 23.6% Fib retracement level of the downward move from the $210 high to $174 low. Moreover, the price is currently showing positive signs above the $182 and $185 levels. However, there are many important resistances on the upside near the $190 and $192 levels. Besides, the 50% Fib retracement level of the downward move from the $210 high to $174 low is also near the $192 level. If there is an upside break above $192, the price could correct higher towards the $195 resistance. The main resistance is near the $200 area (the previous support zone). More importantly, this week\u2019s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH\/USD. Therefore, the price is likely to face many hurdles on the upside, starting with $190 and up to $200. On the downside, an initial support is near the $182 level, below which the price might even trade below $180. The main support is near the $174-$175 area. If there are more downside, the price could slide significantly. Looking at the chart, Ethereum price is facing many barriers on the upside near $190. However, there are chances of a short term recovery above the $190 level. The target could be near the $200 level, where the bears are likely to appear again. Conversely, a break below the $182 and $175 supports may call for a drop to $162. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently struggling to stay above the 50 level. Major Support Level \u2013 $182 Major Resistance Level \u2013 $192<\/p>\n","protected":false},"author":67,"featured_media":168670,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-393298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Price (ETH) Recovery Could Face Hurdles Near $190-$195<\/title>\n<meta name=\"description\" content=\"Ethereum price is currently recovering from new lows versus the US Dollar, while struggling vs bitcoin price. 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ETH price might continue to slide if it fails to surpass $195.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-16T03:08:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:24:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ethereum_Price_ETH_USD_Analysis3.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum Price (ETH) Recovery Could Face Hurdles Near $190-$195\",\"datePublished\":\"2019-08-16T03:08:57+00:00\",\"dateModified\":\"2024-06-11T13:24:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\"},\"wordCount\":425,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ethereum_Price_ETH_USD_Analysis3.jpg?fit=1200%2C741\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\",\"name\":\"Ethereum Price (ETH) Recovery Could Face Hurdles Near $190-$195\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ethereum_Price_ETH_USD_Analysis3.jpg?fit=1200%2C741\",\"datePublished\":\"2019-08-16T03:08:57+00:00\",\"dateModified\":\"2024-06-11T13:24:23+00:00\",\"description\":\"Ethereum price is currently recovering from new lows versus the US Dollar, while struggling vs bitcoin price. 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