ETHUSD on TradingView.com<\/a><\/p>\nImmediate resistance is near the $1,900 zone. The next major resistance is near the $1,920 level (a multi-touch zone). A proper move above the $1,900 and $1,920 resistance levels might send Ether toward $1,950. The next resistance sits near $2,000, above which Ethereum could rise toward $2,040. Any more gains above the $2,040 resistance zone might send the price toward the $2,120 resistance.<\/p>\n
Fresh Decline in ETH?<\/h2>\n If Ethereum fails to clear the $1,900 resistance, it could start another decline. Initial support on the downside is near the $1,860 level and the 100-hourly Simple Moving Average.<\/p>\n
The next major support is near the $1,840 zone or the 50% Fib retracement level of the recent increase from the $1,777 swing low to the $1,898 high. If there is a break below the $1,840 support, the price could decline toward the $1,800 support. Any more losses may perhaps send the price toward the $1,775 level or even $1,740 in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\nMajor Support Level \u2013 $1,840<\/p>\n
Major Resistance Level \u2013 $1,920<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price recovered losses and traded above $1,860 against the US Dollar. ETH must clear $1,920 to start a strong increase in the near term. Ethereum is showing positive signs above the $1,860 level. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,865 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could still struggle to clear the $1,920 resistance zone. Ethereum Price Trims Losses Ethereum\u2019s price found support near the $1,775 zone after a major decline. ETH formed a base and started a fresh increase above the $1,800 resistance zone, similar to Bitcoin. There was a clear move above the $1,840 and $1,850 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $1,865 on the hourly chart of ETH\/USD. A high is formed near $1,898 and the price is now consolidating gains. Ether is now trading above $1,850 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the recent increase from the $1,777 swing low to the $1,898 high. Source: ETHUSD on TradingView.com Immediate resistance is near the $1,900 zone. The next major resistance is near the $1,920 level (a multi-touch zone). A proper move above the $1,900 and $1,920 resistance levels might send Ether toward $1,950. The next resistance sits near $2,000, above which Ethereum could rise toward $2,040. Any more gains above the $2,040 resistance zone might send the price toward the $2,120 resistance. Fresh Decline in ETH? If Ethereum fails to clear the $1,900 resistance, it could start another decline. Initial support on the downside is near the $1,860 level and the 100-hourly Simple Moving Average. The next major support is near the $1,840 zone or the 50% Fib retracement level of the recent increase from the $1,777 swing low to the $1,898 high. If there is a break below the $1,840 support, the price could decline toward the $1,800 support. Any more losses may perhaps send the price toward the $1,775 level or even $1,740 in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is above the 50 level. Major Support Level \u2013 $1,840 Major Resistance Level \u2013 $1,920<\/p>\n","protected":false},"author":67,"featured_media":506755,"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-536769","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
Ethereum Price Regains Strength But Key Downtrend Resistance Intact<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n