{"id":466231,"date":"2021-06-25T05:28:35","date_gmt":"2021-06-25T05:28:35","guid":{"rendered":"https:\/\/wncen.com\/?p=466231"},"modified":"2024-06-11T09:04:53","modified_gmt":"2024-06-11T09:04:53","slug":"ethereum-still-below-2k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-still-below-2k\/","title":{"rendered":"TA: Ethereum Still Below 100 SMA, Why BTC Is Outperforming ETH"},"content":{"rendered":"
Ethereum is still struggling to gain pace above $2,000 against the US Dollar. ETH price is still below the 100 hourly SMA, while bitcoin surpassed $35,000.<\/em><\/p>\n Ethereum remained strong above the $1,850 level and it moved higher. More importantly, bitcoin<\/a> bulls cleared the 100 hourly SMA, opening the doors for a move above $35,000.<\/p>\n However, ETH price is still facing resistance near the 100 hourly SMA<\/a> and the $2,000 zone. There was a break above the 50% Fib retracement level of the of the main decline from the $2,283 swing high to $1,700 low.<\/p>\n There was also a break above a key bearish trend line with resistance near $1,950 on the hourly chart of ETH\/USD. The pair is now consolidating near the $2,000 zone. The next major resistance is near the $2,050 level. It is close to the 61.8% Fib retracement level of the of the main decline from the $2,283 swing high to $1,700 low.<\/p>\n <\/a><\/p>\n A clear upside break above the $2,000 level and then $2,050 could open the doors for more upsides. The next key resistance is near the $2,150 zone. Any more gains could set the pace for a move towards the $2,300 level. An intermediate resistance could be near the $2,250 level.<\/p>\n If Ethereum fails to clear the $2,000 and $2,050 resistance levels, it could start a fresh decline. An initial support on the downside is near the $1,900 level.<\/p>\n The first major support is now forming near the $1,850 level. A downside break below the $1,850 zone could lead the price further lower. In the stated case, the price could move down further towards the $1,700 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is struggling to gain pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is currently near the 50 level.<\/p>\n Major Support Level \u2013 $1,850<\/p>\n Major Resistance Level \u2013 $2,050<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is still struggling to gain pace above $2,000 against the US Dollar. ETH price is still below the 100 hourly SMA, while bitcoin surpassed $35,000. Ethereum is still struggling to clear the $2,050 and $2,060 resistance levels. The price is trading near the $2,000 barrier and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,950 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear $2,000 and $2,050 to start a strong upward move in the near term. Ethereum Price is Facing Resistance Ethereum remained strong above the $1,850 level and it moved higher. More importantly, bitcoin bulls cleared the 100 hourly SMA, opening the doors for a move above $35,000. However, ETH price is still facing resistance near the 100 hourly SMA and the $2,000 zone. There was a break above the 50% Fib retracement level of the of the main decline from the $2,283 swing high to $1,700 low. There was also a break above a key bearish trend line with resistance near $1,950 on the hourly chart of ETH\/USD. The pair is now consolidating near the $2,000 zone. The next major resistance is near the $2,050 level. It is close to the 61.8% Fib retracement level of the of the main decline from the $2,283 swing high to $1,700 low. Source: ETHUSD on TradingView.com A clear upside break above the $2,000 level and then $2,050 could open the doors for more upsides. The next key resistance is near the $2,150 zone. Any more gains could set the pace for a move towards the $2,300 level. An intermediate resistance could be near the $2,250 level. Fresh Decline in ETH? If Ethereum fails to clear the $2,000 and $2,050 resistance levels, it could start a fresh decline. An initial support on the downside is near the $1,900 level. The first major support is now forming near the $1,850 level. A downside break below the $1,850 zone could lead the price further lower. In the stated case, the price could move down further towards the $1,700 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is struggling to gain pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is currently near the 50 level. Major Support Level \u2013 $1,850 Major Resistance Level \u2013 $2,050<\/p>\n","protected":false},"author":67,"featured_media":464347,"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-466231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price is Facing Resistance<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n