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{"id":549059,"date":"2023-08-28T04:30:06","date_gmt":"2023-08-28T04:30:06","guid":{"rendered":"https:\/\/wncen.com\/?p=549059"},"modified":"2024-06-11T14:28:46","modified_gmt":"2024-06-11T14:28:46","slug":"ethereum-price-lg-lower-1620","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-lg-lower-1620\/","title":{"rendered":"Ethereum Price Looks Ready For Another Leg Lower Below $1,620"},"content":{"rendered":"

Ethereum price is struggling to clear the $1,670 resistance against the US Dollar. ETH could start another decline if it breaks the $1,640 support.<\/em><\/p>\n

\n
Ethereum is struggling to rise above the $1,660 and $1,670 levels.<\/li>\n
The price is trading below $1,660 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another decline if it stays below $1,670 for a few more sessions.<\/li>\n<\/ul>\n
Ethereum Price Turns At Risk<\/h2>\n
Ethereum\u2019s price started a recovery wave above the $1,640 level. However, ETH price seems to be struggling to rise above the $1,660 and $1,670 levels, like Bitcoin<\/a>.<\/p>\n
It is now showing bearish signs below the $1,670 level but also holding the 50% Fib retracement level of the key increase from the $1,580 swing low to the $1,698 high. Ether is also trading below $1,660 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n
Besides, there is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH\/USD. If the price stays above the $1,640 support zone, the bulls could attempt a fresh increase.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
On the upside, the price might face resistance near the $1,660 level and the trend line zone. The next resistance is near the $1,670 level. A close above the $1,670 level might send the price toward the $1,700 pivot zone. The next major resistance is near the $1,720 level, above which the price could rise toward the $1,780 level. Any more gains might send the price toward the $1,850 resistance.<\/p>\n
More Losses in ETH?<\/h2>\n
If Ethereum fails to clear the $1,670 resistance, it could continue to move down. Initial support on the downside is near the $1,640 level. The first major support is near the $1,620 zone or the 61.8% Fib retracement level of the key increase from the $1,580 swing low to the $1,698 high.<\/p>\n
The next key support is close to $1,580. If there is a downside break below $1,580, the price could accelerate lower toward the $1,500 level. Any more losses might send the price toward the $1,440 level in the near term.<\/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 below the 50 level.<\/p>\n
Major Support Level \u2013 $1,620<\/p>\n
Major Resistance Level \u2013 $1,670<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is struggling to clear the $1,670 resistance against the US Dollar. ETH could start another decline if it breaks the $1,640 support. Ethereum is struggling to rise above the $1,660 and $1,670 levels. The price is trading below $1,660 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start another decline if it stays below $1,670 for a few more sessions. Ethereum Price Turns At Risk Ethereum\u2019s price started a recovery wave above the $1,640 level. However, ETH price seems to be struggling to rise above the $1,660 and $1,670 levels, like Bitcoin. It is now showing bearish signs below the $1,670 level but also holding the 50% Fib retracement level of the key increase from the $1,580 swing low to the $1,698 high. Ether is also trading below $1,660 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH\/USD. If the price stays above the $1,640 support zone, the bulls could attempt a fresh increase. Source: ETHUSD on TradingView.com On the upside, the price might face resistance near the $1,660 level and the trend line zone. The next resistance is near the $1,670 level. A close above the $1,670 level might send the price toward the $1,700 pivot zone. The next major resistance is near the $1,720 level, above which the price could rise toward the $1,780 level. Any more gains might send the price toward the $1,850 resistance. More Losses in ETH? If Ethereum fails to clear the $1,670 resistance, it could continue to move down. Initial support on the downside is near the $1,640 level. The first major support is near the $1,620 zone or the 61.8% Fib retracement level of the key increase from the $1,580 swing low to the $1,698 high. The next key support is close to $1,580. If there is a downside break below $1,580, the price could accelerate lower toward the $1,500 level. Any more losses might send the price toward the $1,440 level in the near term. 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 below the 50 level. Major Support Level \u2013 $1,620 Major Resistance Level \u2013 $1,670<\/p>\n","protected":false},"author":67,"featured_media":510424,"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-549059","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 Looks Ready For Another Leg Lower Below $1,620<\/title>\n<meta name=\"description\" content=\"Ethereum price is struggling to clear the $1,670 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 Looks Ready For Another Leg Lower Below $1,620","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-lg-lower-1620\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-lg-lower-1620\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/11\/iStock-1383710952.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/11\/iStock-1383710952.jpg?fit=1254%2C836"},"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":"2023-08-28T04:30:06Z","datePublished":"2023-08-28T04:30:06Z","dateModified":"2024-06-11T14:28:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Looks Ready For Another Leg Lower Below $1,620\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-lg-lower-1620\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-lg-lower-1620\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/iStock-1383710952.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/iStock-1383710952.jpg?fit=1254%2C836\"},\"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\":\"2023-08-28T04:30:06Z\",\"datePublished\":\"2023-08-28T04:30:06Z\",\"dateModified\":\"2024-06-11T14:28:46Z\"}<\/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\/2022\/11\/iStock-1383710952.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549059","targetHints":{"allow":["GET"]}}],"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=549059"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/510424"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}