{"id":526185,"date":"2023-04-10T05:51:20","date_gmt":"2023-04-10T05:51:20","guid":{"rendered":"https:\/\/wncen.com\/?p=526185"},"modified":"2024-06-11T14:34:58","modified_gmt":"2024-06-11T14:34:58","slug":"ethereum-price-leg-higher-over-1880","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-leg-higher-over-1880\/","title":{"rendered":"Ethereum Price Looks Ready For Another Leg Higher Over $1,880"},"content":{"rendered":"<p><em>Ethereum price corrected gains and traded below $1,850 against the US Dollar. ETH remained stable above $1,800 and is currently attempting a fresh increase.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below the $1,880 support zone.<\/li>\n<li>The price is trading near $1,850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $1,855 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise again if it stays above the $1,860 and $1,850 support levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Revisits 100-Hourly SMA<\/h2>\n<p>Ethereum\u2019s price started a fresh decline from the $1,925 resistance zone. ETH declined below the $1,880 level to move into a short-term zone, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-regains-traction-28550\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>The price tested the $1,820 support zone. A low is formed at $1,825 and the price started a fresh increase. The bulls were able to pump above the $1,850 resistance level and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-fresh-increase-1850\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. There was a break above a key bearish trend line with resistance near $1,855 on the hourly chart of ETH\/USD.<\/p>\n<p>However, the bears are active near the $1,880 level. A high is formed near $1,874 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the recent increase from the $1,825 swing low to the $1,874 high.<\/p>\n<p>Ether\u2019s price is now trading near $1,850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,880 level. The next major resistance is near the $1,925 zone.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-526186\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Ethereum-3.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>A clear move above the $1,925 resistance zone might send the price toward the $1,965 resistance. The next major resistance might be $2,000. Any more gains could set the pace for a test of the $2,120 resistance.<\/p>\n<h2>Fresh Decline in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level or the 50% Fib retracement level of the recent increase from the $1,825 swing low to the $1,874 high.<\/p>\n<p>The next major support is near the $1,820 zone, below which ether price might decline toward the $1,765 level. The next key support is near the $1,740 zone. If there is a break below $1,740, the price might extend its decline toward $1,680.<\/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 above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,825<\/p>\n<p>Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price corrected gains and traded below $1,850 against the US Dollar. ETH remained stable above $1,800 and is currently attempting a fresh increase. Ethereum started a downside correction below the $1,880 support zone. The price is trading near $1,850 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,855 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise again if it stays above the $1,860 and $1,850 support levels. Ethereum Price Revisits 100-Hourly SMA Ethereum\u2019s price started a fresh decline from the $1,925 resistance zone. ETH declined below the $1,880 level to move into a short-term zone, similar to Bitcoin. The price tested the $1,820 support zone. A low is formed at $1,825 and the price started a fresh increase. The bulls were able to pump above the $1,850 resistance level and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,855 on the hourly chart of ETH\/USD. However, the bears are active near the $1,880 level. A high is formed near $1,874 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the recent increase from the $1,825 swing low to the $1,874 high. Ether\u2019s price is now trading near $1,850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,880 level. The next major resistance is near the $1,925 zone. Source: ETHUSD on TradingView.com A clear move above the $1,925 resistance zone might send the price toward the $1,965 resistance. The next major resistance might be $2,000. Any more gains could set the pace for a test of the $2,120 resistance. Fresh Decline in ETH? If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level or the 50% Fib retracement level of the recent increase from the $1,825 swing low to the $1,874 high. The next major support is near the $1,820 zone, below which ether price might decline toward the $1,765 level. The next key support is near the $1,740 zone. If there is a break below $1,740, the price might extend its decline toward $1,680. 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 above the 50 level. Major Support Level \u2013 $1,825 Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"author":67,"featured_media":464234,"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-526185","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 Looks Ready For Another Leg Higher Over $1,880<\/title>\n<meta name=\"description\" content=\"Ethereum price corrected gains and traded below $1,850 against the US Dollar. 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