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{"id":540046,"date":"2023-06-28T03:15:46","date_gmt":"2023-06-28T03:15:46","guid":{"rendered":"https:\/\/wncen.com\/?p=540046"},"modified":"2024-06-11T11:43:04","modified_gmt":"2024-06-11T11:43:04","slug":"ethereum-price-correction-1790","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-correction-1790\/","title":{"rendered":"Ethereum Price Indicators Signal Extended Correction To $1,790"},"content":{"rendered":"

Ethereum price is slowly moving lower from the $1,920 resistance against the US Dollar. ETH could extend its decline toward the $1,790 support.<\/em><\/p>\n

\n
Ethereum is still struggling to surpass the $1,920 resistance.<\/li>\n
The price is trading below $1,900 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could decline further toward the $1,790 support in the coming sessions.<\/li>\n<\/ul>\n
Ethereum Price Stuck In A Range<\/h2>\n
Ethereum\u2019s price attempted another upside break above the key $1,920 resistance zone. ETH failed to gain bullish momentum for a close above the $1,920 level, similar to Bitcoin<\/a>.<\/p>\n
A high is formed near $1,912 and the price is now moving lower. There was a break below the $1,900 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high. Besides, there was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD.<\/p>\n
Ether is now trading below $1,900 and the 100-hourly Simple Moving Average<\/a>. It is now testing the 76.4% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high.<\/p>\n
If Ethereum stays above $1,850, it could attempt another increase. Immediate resistance is near the $1,880 level or the 100-hourly Simple Moving Average. The next major resistance is near the $1,900 level.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The main barrier is still near the $1,920 and $1,930 levels. A close above the $1,930 zone could start a steady increase and send the price further higher. The next resistance sits near $2,000, above which the price could rise toward the $2,050 level. Any more gains could send Ether toward the $2,120 resistance.<\/p>\n
More Losses in ETH?<\/h2>\n
If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level.<\/p>\n
The next major support is near the $1,840 level. If there is a move below $1,840, the price could accelerate lower toward $1,790. Any more losses may perhaps send the price toward the $1,750 support.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,840<\/p>\n
Major Resistance Level \u2013 $1,900<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is slowly moving lower from the $1,920 resistance against the US Dollar. ETH could extend its decline toward the $1,790 support. Ethereum is still struggling to surpass the $1,920 resistance. The price is trading below $1,900 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could decline further toward the $1,790 support in the coming sessions. Ethereum Price Stuck In A Range Ethereum\u2019s price attempted another upside break above the key $1,920 resistance zone. ETH failed to gain bullish momentum for a close above the $1,920 level, similar to Bitcoin. A high is formed near $1,912 and the price is now moving lower. There was a break below the $1,900 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high. Besides, there was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH\/USD. Ether is now trading below $1,900 and the 100-hourly Simple Moving Average. It is now testing the 76.4% Fib retracement level of the recent increase from the $1,838 low to the $1,912 high. If Ethereum stays above $1,850, it could attempt another increase. Immediate resistance is near the $1,880 level or the 100-hourly Simple Moving Average. The next major resistance is near the $1,900 level. Source: ETHUSD on TradingView.com The main barrier is still near the $1,920 and $1,930 levels. A close above the $1,930 zone could start a steady increase and send the price further higher. The next resistance sits near $2,000, above which the price could rise toward the $2,050 level. Any more gains could send Ether toward the $2,120 resistance. More Losses in ETH? If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level. The next major support is near the $1,840 level. If there is a move below $1,840, the price could accelerate lower toward $1,790. Any more losses may perhaps send the price toward the $1,750 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,840 Major Resistance Level \u2013 $1,900<\/p>\n","protected":false},"author":67,"featured_media":464420,"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-540046","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 Indicators Signal Extended Correction To $1,790<\/title>\n<meta name=\"description\" content=\"Ethereum price is slowly moving lower from the $1,920 resistance 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 Indicators Signal Extended Correction To $1,790","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-correction-1790\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-correction-1790\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_1100038610.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_1100038610.jpg?fit=1827%2C1080"},"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":"2023-06-28T03:15:46Z","datePublished":"2023-06-28T03:15:46Z","dateModified":"2024-06-11T11:43:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Indicators Signal Extended Correction To $1,790\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-correction-1790\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-correction-1790\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_1100038610.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_1100038610.jpg?fit=1827%2C1080\"},\"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\":\"2023-06-28T03:15:46Z\",\"datePublished\":\"2023-06-28T03:15:46Z\",\"dateModified\":\"2024-06-11T11:43:04Z\"}<\/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\/05\/shutterstock_1100038610.jpg?fit=1827%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540046"}],"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=540046"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/464420"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=540046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=540046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=540046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}