{"id":521543,"date":"2023-03-02T06:01:23","date_gmt":"2023-03-02T06:01:23","guid":{"rendered":"https:\/\/wncen.com\/?p=521543"},"modified":"2024-06-11T14:32:59","modified_gmt":"2024-06-11T14:32:59","slug":"ethereum-price-vulnerable-1700","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1700\/","title":{"rendered":"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,700"},"content":{"rendered":"<p><em>Ethereum price is still facing hurdles below $1,700 against the US Dollar. ETH could decline if it continues to struggle below the $1,700 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is facing heavy hurdles near the $1,665 resistance zone.<\/li>\n<li>The price is trading above $1,620 and the 100 hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise if there is a clear move above the $1,665 and $1,700 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Key Hurdle<\/h2>\n<p>Ethereum price started a fresh increase from the $1,600 support zone. ETH climbed above the $1,620 and $1,640 levels to avoid more losses, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-barrier-24000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a>.<\/p>\n<p>However, the bears were again active near the $1,660 and $1,665 levels. A high is formed near $1,668 and the price is now consolidating gains. It is trading below the 23.6% Fib retracement level of the upward move from the $1,597 swing low to $1,668 high.<\/p>\n<p>Ether price is trading above $1,620 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-regains-strength-1660\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-521544\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-1.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>On the upside, the price is facing resistance near the $1,665 zone. The first major resistance is near the $1,700 zone, above which the price might rise steadily. The next major resistance is near the $1,740 zone. A close above the $1,740 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,880 level.<\/p>\n<h2>Fresh Decline in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,635 level and the 100 hourly simple moving average.<\/p>\n<p>The next major support is near the $1,620 zone and the trend line. If there is a break below $1,620, the price might retest $1,600. Any more losses might call for a test of the $1,535 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 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 $1,620<\/p>\n<p>Major Resistance Level \u2013 $1,665<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is still facing hurdles below $1,700 against the US Dollar. ETH could decline if it continues to struggle below the $1,700 resistance. Ethereum is facing heavy hurdles near the $1,665 resistance zone. The price is trading above $1,620 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise if there is a clear move above the $1,665 and $1,700 resistance levels. Ethereum Price Faces Key Hurdle Ethereum price started a fresh increase from the $1,600 support zone. ETH climbed above the $1,620 and $1,640 levels to avoid more losses, similar to bitcoin. However, the bears were again active near the $1,660 and $1,665 levels. A high is formed near $1,668 and the price is now consolidating gains. It is trading below the 23.6% Fib retracement level of the upward move from the $1,597 swing low to $1,668 high. Ether price is trading above $1,620 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,630 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,665 zone. The first major resistance is near the $1,700 zone, above which the price might rise steadily. The next major resistance is near the $1,740 zone. A close above the $1,740 resistance zone might start a fresh rally. In this case, the price may perhaps rise towards the $1,880 level. Fresh Decline in ETH? If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,635 level and the 100 hourly simple moving average. The next major support is near the $1,620 zone and the trend line. If there is a break below $1,620, the price might retest $1,600. Any more losses might call for a test of the $1,535 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now near the 50 level. Major Support Level \u2013 $1,620 Major Resistance Level \u2013 $1,665<\/p>\n","protected":false},"author":67,"featured_media":462031,"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-521543","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 Topside Bias Vulnerable If It Continues To Struggle Below $1,700<\/title>\n<meta name=\"description\" content=\"Ethereum price is still facing hurdles below $1,700 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 Price Topside Bias Vulnerable If It Continues To Struggle Below $1,700","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1700\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1700\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_614141174.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_614141174.jpg?fit=1000%2C740"},"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":"2023-03-02T06:01:23Z","datePublished":"2023-03-02T06:01:23Z","dateModified":"2024-06-11T14:32:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,700\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-vulnerable-1700\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-vulnerable-1700\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_614141174.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_614141174.jpg?fit=1000%2C740\"},\"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\":\"2023-03-02T06:01:23Z\",\"datePublished\":\"2023-03-02T06:01:23Z\",\"dateModified\":\"2024-06-11T14:32:59Z\"}<\/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_614141174.jpg?fit=1000%2C740","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/521543"}],"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=521543"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/521543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462031"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=521543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=521543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=521543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}