{"id":537427,"date":"2023-06-12T03:50:17","date_gmt":"2023-06-12T03:50:17","guid":{"rendered":"https:\/\/wncen.com\/?p=537427"},"modified":"2024-06-11T14:37:31","modified_gmt":"2024-06-11T14:37:31","slug":"ethereum-price-downtrend-1800","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-downtrend-1800\/","title":{"rendered":"Ethereum Price Could Avoid a Major Breakdown if it Closes Above One Key Level"},"content":{"rendered":"<p><em>Ethereum price is moving lower from the $1,780 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,720 support.<\/em><\/p>\n<ul>\n<li>Ethereum is struggling to clear the $1,780 and $1,800 resistance levels.<\/li>\n<li>The price is trading below $1,800 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could decline heavily if there is a close below $1,720.<\/li>\n<\/ul>\n<h2>Ethereum Price Remains At Risk<\/h2>\n<p>Ethereum\u2019s price attempted a fresh increase above the $1,775 and $1,780 resistance levels. ETH failed to gain bullish momentum above the $1,780 resistance, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-at-significant-risk-25400\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>Earlier, the price climbed above the 23.6% Fib retracement level of the key decline from the $1,854 swing high to the $1,718 low. The price is now back below $1,750 and showing bearish signs. There is also a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH\/USD.<\/p>\n<p>Ether is clearly struggling to clear $1,800 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-consolidates-below-1900\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,755 zone and the trend line. The next major resistance is near the $1,780 level. It is close to the 50% Fib retracement level of the key decline from the $1,854 swing high to the $1,718 low.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-537428\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Ethereum-6.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/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 proper move above the $1,775 and $1,780 resistance levels might send Ether toward $1,850. The next resistance sits near $1,880, above which Ethereum could rise toward the key barrier at $1,920. Any more gains above the $1,920 resistance zone might send the price toward the $2,000 resistance.<\/p>\n<h2>More Downsides in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,755 resistance, it could continue to move down. Initial support on the downside is near the $1,720 level.<\/p>\n<p>The next major support is near the $1,700 level. If there is a break and close below the $1,700 support, the price could decline toward the $1,640 support. Any more losses may perhaps send the price toward the $1,600 level or even $1,550 in the coming sessions.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $1,720<\/p>\n<p>Major Resistance Level \u2013 $1,780<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is moving lower from the $1,780 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,720 support. Ethereum is struggling to clear the $1,780 and $1,800 resistance levels. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could decline heavily if there is a close below $1,720. Ethereum Price Remains At Risk Ethereum\u2019s price attempted a fresh increase above the $1,775 and $1,780 resistance levels. ETH failed to gain bullish momentum above the $1,780 resistance, similar to Bitcoin. Earlier, the price climbed above the 23.6% Fib retracement level of the key decline from the $1,854 swing high to the $1,718 low. The price is now back below $1,750 and showing bearish signs. There is also a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH\/USD. Ether is clearly struggling to clear $1,800 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,755 zone and the trend line. The next major resistance is near the $1,780 level. It is close to the 50% Fib retracement level of the key decline from the $1,854 swing high to the $1,718 low. Source: ETHUSD on TradingView.com A proper move above the $1,775 and $1,780 resistance levels might send Ether toward $1,850. The next resistance sits near $1,880, above which Ethereum could rise toward the key barrier at $1,920. Any more gains above the $1,920 resistance zone might send the price toward the $2,000 resistance. More Downsides in ETH? If Ethereum fails to clear the $1,755 resistance, it could continue to move down. Initial support on the downside is near the $1,720 level. The next major support is near the $1,700 level. If there is a break and close below the $1,700 support, the price could decline toward the $1,640 support. Any more losses may perhaps send the price toward the $1,600 level or even $1,550 in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,720 Major Resistance Level \u2013 $1,780<\/p>\n","protected":false},"author":67,"featured_media":461426,"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-537427","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 Could Avoid a Major Breakdown if it Closes Above One Key Level<\/title>\n<meta name=\"description\" content=\"Ethereum price is moving lower from the $1,780 resistance 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 Could Avoid a Major Breakdown if it Closes Above One Key Level","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-downtrend-1800\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-downtrend-1800\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_262478576-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_262478576-1.jpg?fit=1000%2C800"},"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":"2023-06-12T03:50:17Z","datePublished":"2023-06-12T03:50:17Z","dateModified":"2024-06-11T14:37:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Could Avoid a Major Breakdown if it Closes Above One Key Level\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-downtrend-1800\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-downtrend-1800\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_262478576-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_262478576-1.jpg?fit=1000%2C800\"},\"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\":\"2023-06-12T03:50:17Z\",\"datePublished\":\"2023-06-12T03:50:17Z\",\"dateModified\":\"2024-06-11T14:37:31Z\"}<\/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_262478576-1.jpg?fit=1000%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/537427"}],"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=537427"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/537427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/461426"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=537427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=537427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=537427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}