{"id":521261,"date":"2023-02-28T05:23:31","date_gmt":"2023-02-28T05:23:31","guid":{"rendered":"https:\/\/wncen.com\/?p=521261"},"modified":"2024-06-11T11:19:27","modified_gmt":"2024-06-11T11:19:27","slug":"ethereum-price-bears-active-1660","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-bears-active-1660\/","title":{"rendered":"Ethereum Bears Keep Pushing, Why This Resistance Could Turn Barrier"},"content":{"rendered":"<p><em>Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to start a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum is correcting lower from the $1,660 resistance zone.<\/li>\n<li>The price is trading near $1,620 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could gain bearish momentum if there is no close above the $1,660 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Fails Again<\/h2>\n<p>Ethereum price attempted a fresh increase from the $1.600 support zone. ETH climbed above the $1,640 level, but the bears were active near the $1,660 resistance zone. A high was formed near $1,665 and the price started another decline, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-recovery-fade-24k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a>.<\/p>\n<p>There was a move below the $1,640 level. Besides, there was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD.<\/p>\n<p>Ether price even spiked below $1,620 and tested the 50% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. It is now trading near $1,620 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-holds-strong-1600\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $1,640 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-521262\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Ethereum-19.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>The first major resistance is near the $1,660 zone. The next major resistance is near the $1,670 zone. A close above the $1,670 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level.<\/p>\n<h2>More Losses in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,660 resistance, it could continue to move down. An initial support on the downside is near the $1,610 level.<\/p>\n<p>The next major support is near the $1,600 zone or the 61.8% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. If there is a break below $1,600, the price might gain bearish momentum and test the $1,565 support. Any more losses might call for a test of the $1,500 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 bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,600<\/p>\n<p>Major Resistance Level \u2013 $1,660<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to start a fresh increase in the near term. Ethereum is correcting lower from the $1,660 resistance zone. The price is trading near $1,620 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bearish momentum if there is no close above the $1,660 resistance zone. Ethereum Price Fails Again Ethereum price attempted a fresh increase from the $1.600 support zone. ETH climbed above the $1,640 level, but the bears were active near the $1,660 resistance zone. A high was formed near $1,665 and the price started another decline, similar to bitcoin. There was a move below the $1,640 level. Besides, there was a break below a major bullish trend line with support near $1,640 on the hourly chart of ETH\/USD. Ether price even spiked below $1,620 and tested the 50% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. It is now trading near $1,620 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,640 level. Source: ETHUSD on TradingView.com The first major resistance is near the $1,660 zone. The next major resistance is near the $1,670 zone. A close above the $1,670 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level. More Losses in ETH? If ethereum fails to clear the $1,660 resistance, it could continue to move down. An initial support on the downside is near the $1,610 level. The next major support is near the $1,600 zone or the 61.8% Fib retracement level of the upward move from the $1,558 swing low to $1,665 high. If there is a break below $1,600, the price might gain bearish momentum and test the $1,565 support. Any more losses might call for a test of the $1,500 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,600 Major Resistance Level \u2013 $1,660<\/p>\n","protected":false},"author":67,"featured_media":461576,"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-521261","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 Bears Keep Pushing, Why This Resistance Could Turn Barrier<\/title>\n<meta name=\"description\" content=\"Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Bears Keep Pushing, Why This Resistance Could Turn Barrier","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-bears-active-1660\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-bears-active-1660\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_481530088.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_481530088.jpg?fit=1000%2C683"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2023-02-28T05:23:31Z","datePublished":"2023-02-28T05:23:31Z","dateModified":"2024-06-11T11:19:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Bears Keep Pushing, Why This Resistance Could Turn Barrier\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-bears-active-1660\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-bears-active-1660\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_481530088.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_481530088.jpg?fit=1000%2C683\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-02-28T05:23:31Z\",\"datePublished\":\"2023-02-28T05:23:31Z\",\"dateModified\":\"2024-06-11T11:19:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_481530088.jpg?fit=1000%2C683","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/521261"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=521261"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/521261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/461576"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=521261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=521261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=521261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}