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{"id":539282,"date":"2023-06-23T03:14:30","date_gmt":"2023-06-23T03:14:30","guid":{"rendered":"https:\/\/wncen.com\/?p=539282"},"modified":"2024-06-11T14:37:54","modified_gmt":"2024-06-11T14:37:54","slug":"ethereum-price-consolidates-1920","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-1920\/","title":{"rendered":"Ethereum Price Consolidates Below $1,920: What Could Trigger A Fresh Increase?"},"content":{"rendered":"

Ethereum price is correcting gains from $1,930 against the US Dollar. ETH could start a fresh increase unless there is an extended decline toward $1,820.<\/em><\/p>\n

\n
Ethereum is currently correcting lower from the $1,930 resistance.<\/li>\n
The price is trading above $1,850 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further above the $1,900 and $1,930 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Is Stable Above $1,850<\/h2>\n
Ethereum\u2019s price rallied above the $1,850 resistance zone. ETH even spiked above $1,900 before the bears appeared. A high is formed near $1,930 and the price is now correcting gains, similar to Bitcoin<\/a>.<\/p>\n
There was a move below the $1,900 and $1,880 levels. The price traded below the 23.6% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. Besides, there was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD.<\/p>\n
Ether is still trading above $1,850 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $1,900 level. The next major resistance is near the $1,930 level.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
If the bulls manage to pump Ethereum above the recent high, the price might even surpass $1,950. The next resistance sits near $2,000, above which the bulls could aim a move toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance.<\/p>\n
Are Dips Limited in ETH?<\/h2>\n
If Ethereum fails to clear the $1,930 resistance, it could continue to move down. Initial support on the downside is near the $1,865 level.<\/p>\n
The next major support is near the $1,820 level and the 100-hourly Simple Moving Average. It is close to the 50% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. If there is a break below the $1,820 support, the price could test $1,800. Any more losses may perhaps send the price toward the $1,750 zone or even $1,720 in the coming days.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now near the 50 level.<\/p>\n
Major Support Level \u2013 $1,820<\/p>\n
Major Resistance Level \u2013 $1,930<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is correcting gains from $1,930 against the US Dollar. ETH could start a fresh increase unless there is an extended decline toward $1,820. Ethereum is currently correcting lower from the $1,930 resistance. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further above the $1,900 and $1,930 resistance levels. Ethereum Price Is Stable Above $1,850 Ethereum\u2019s price rallied above the $1,850 resistance zone. ETH even spiked above $1,900 before the bears appeared. A high is formed near $1,930 and the price is now correcting gains, similar to Bitcoin. There was a move below the $1,900 and $1,880 levels. The price traded below the 23.6% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. Besides, there was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH\/USD. Ether is still trading above $1,850 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,900 level. The next major resistance is near the $1,930 level. Source: ETHUSD on TradingView.com If the bulls manage to pump Ethereum above the recent high, the price might even surpass $1,950. The next resistance sits near $2,000, above which the bulls could aim a move toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance. Are Dips Limited in ETH? If Ethereum fails to clear the $1,930 resistance, it could continue to move down. Initial support on the downside is near the $1,865 level. The next major support is near the $1,820 level and the 100-hourly Simple Moving Average. It is close to the 50% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. If there is a break below the $1,820 support, the price could test $1,800. Any more losses may perhaps send the price toward the $1,750 zone or even $1,720 in the coming days. 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 now near the 50 level. Major Support Level \u2013 $1,820 Major Resistance Level \u2013 $1,930<\/p>\n","protected":false},"author":67,"featured_media":462718,"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-539282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Consolidates Below $1,920: What Could Trigger A Fresh Increase?<\/title>\n<meta name=\"description\" content=\"Ethereum price is correcting gains from $1,930 against the US Dollar. 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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 Consolidates Below $1,920: What Could Trigger A Fresh Increase?","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-1920\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-1920\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1029670141.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1029670141.jpg?fit=1000%2C599"},"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":"2023-06-23T03:14:30Z","datePublished":"2023-06-23T03:14:30Z","dateModified":"2024-06-11T14:37:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Consolidates Below $1,920: What Could Trigger A Fresh Increase?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-consolidates-1920\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-consolidates-1920\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1029670141.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1029670141.jpg?fit=1000%2C599\"},\"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\":\"2023-06-23T03:14:30Z\",\"datePublished\":\"2023-06-23T03:14:30Z\",\"dateModified\":\"2024-06-11T14:37:54Z\"}<\/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_1029670141.jpg?fit=1000%2C599","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539282"}],"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=539282"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462718"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=539282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=539282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=539282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}