{"id":407153,"date":"2019-12-13T03:08:58","date_gmt":"2019-12-13T03:08:58","guid":{"rendered":"https:\/\/wncen.com\/?p=407153"},"modified":"2024-06-11T13:35:10","modified_gmt":"2024-06-11T13:35:10","slug":"ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/","title":{"rendered":"Ethereum (ETH) Recovery Facing Hurdles, Bitcoin Consolidating"},"content":{"rendered":"<ul>\n<li>Ethereum is slowly recovering from the $140 support area against the US Dollar.<\/li>\n<li>The price is currently facing resistance near the $145 level and the 100 hourly SMA.<\/li>\n<li>There was a break above this week\u2019s key bearish trend line with resistance near $144 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The price might make another attempt to surpass the $145 and $146 hurdles in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum price is showing a few recovery signs versus the US Dollar, while <a href=\"https:\/\/wncen.com\/2019\/12\/12\/bitcoin-btc-breakdown-below-7k-likely-6-5k-could-be-next\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> is consolidating. ETH price must surpass $148 to move into a positive zone.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Recently, we saw a downside extension in Ethereum below the $144 support area against the US Dollar. Moreover, ETH price broke the $142 support area and the 100 hourly simple moving average.<\/p>\n<p>Finally, it spiked below the $140 support and formed a new monthly low near $139. It is currently correcting higher and it surpassed the $142 resistance area to start a decent recovery.<\/p>\n<p>Besides, there was a break above this week\u2019s key bearish trend line with resistance near $144 on the hourly chart of ETH\/USD. The pair is now trading near the $145 resistance and struggling to clear the 100 hourly simple moving average.<\/p>\n<p>The recent high is near $145 and the pair is testing the 23.6% Fib retracement level of the recent recovery from the $139 low to $145 high. If there are additional losses, Ethereum price might correct towards the $142 support area.<\/p>\n<p>Additionally, the 50% Fib retracement level of the recent recovery from the $139 low to $145 high is near the $142 level. Any further losses might push the price below $140 and the bulls are likely to struggle.<\/p>\n<p>On the upside, the bulls need to gain strength above the $145 and $146 resistance levels. More importantly, a close above the <a href=\"https:\/\/wncen.com\/2019\/12\/12\/ethereum-eth-turned-sell-on-rallies-whats-next\/\" target=\"_blank\" rel=\"noopener noreferrer \">$148 resistance<\/a> and the 100 hourly SMA is needed for a sustained recovery.<\/p>\n<p>The main resistance is still near the $152 area, above which the price is likely to start a solid uptrend in the coming days. If not, it could resume its slide below $140.<\/p>\n<figure id=\"attachment_407154\" aria-describedby=\"caption-attachment-407154\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-407154\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?resize=1828%2C868\" alt=\"Ethereum Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ethereum-11.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-407154\" class=\"wp-caption-text\">Ethereum Price<\/figcaption><\/figure>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is showing a few recovery signs above the $140 level. Having said that, the price is struggling to continue to above the $145 and $146 resistance levels, above which it could retest the $152 resistance.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is slowly moving back into the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently correcting lower towards the 50 level.<\/p>\n<p>Major Support Level \u2013 $140<\/p>\n<p>Major Resistance Level \u2013 $146<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is slowly recovering from the $140 support area against the US Dollar. The price is currently facing resistance near the $145 level and the 100 hourly SMA. There was a break above this week\u2019s key bearish trend line with resistance near $144 on the hourly chart of ETH\/USD (data feed via Kraken). The price might make another attempt to surpass the $145 and $146 hurdles in the near term. Ethereum price is showing a few recovery signs versus the US Dollar, while bitcoin is consolidating. ETH price must surpass $148 to move into a positive zone. Ethereum Price Analysis Recently, we saw a downside extension in Ethereum below the $144 support area against the US Dollar. Moreover, ETH price broke the $142 support area and the 100 hourly simple moving average. Finally, it spiked below the $140 support and formed a new monthly low near $139. It is currently correcting higher and it surpassed the $142 resistance area to start a decent recovery. Besides, there was a break above this week\u2019s key bearish trend line with resistance near $144 on the hourly chart of ETH\/USD. The pair is now trading near the $145 resistance and struggling to clear the 100 hourly simple moving average. The recent high is near $145 and the pair is testing the 23.6% Fib retracement level of the recent recovery from the $139 low to $145 high. If there are additional losses, Ethereum price might correct towards the $142 support area. Additionally, the 50% Fib retracement level of the recent recovery from the $139 low to $145 high is near the $142 level. Any further losses might push the price below $140 and the bulls are likely to struggle. On the upside, the bulls need to gain strength above the $145 and $146 resistance levels. More importantly, a close above the $148 resistance and the 100 hourly SMA is needed for a sustained recovery. The main resistance is still near the $152 area, above which the price is likely to start a solid uptrend in the coming days. If not, it could resume its slide below $140. Looking at the chart, Ethereum price is showing a few recovery signs above the $140 level. Having said that, the price is struggling to continue to above the $145 and $146 resistance levels, above which it could retest the $152 resistance. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving back into the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently correcting lower towards the 50 level. Major Support Level \u2013 $140 Major Resistance Level \u2013 $146<\/p>\n","protected":false},"author":67,"featured_media":344603,"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-407153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum (ETH) Recovery Facing Hurdles, Bitcoin Consolidating<\/title>\n<meta name=\"description\" content=\"Ethereum price is showing a few recovery signs versus the US Dollar, while bitcoin is consolidating. 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ETH price must surpass $148 to move into a positive zone.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/\" \/>\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=\"2019-12-13T03:08:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:35:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth5.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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-eth-recovery-facing-hurdles-bitcoin-consolidating\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum (ETH) Recovery Facing Hurdles, Bitcoin Consolidating\",\"datePublished\":\"2019-12-13T03:08:58+00:00\",\"dateModified\":\"2024-06-11T13:35:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth5.jpg?fit=1200%2C600\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/\",\"name\":\"Ethereum (ETH) Recovery Facing Hurdles, Bitcoin Consolidating\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-recovery-facing-hurdles-bitcoin-consolidating\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth5.jpg?fit=1200%2C600\",\"datePublished\":\"2019-12-13T03:08:58+00:00\",\"dateModified\":\"2024-06-11T13:35:10+00:00\",\"description\":\"Ethereum price is showing a few recovery signs versus the US Dollar, while bitcoin is consolidating. 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