Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920<\/title>\n<meta name=\"description\" content=\"Ethereum price started another decline from the $1,920 resistance against the US Dollar. ETH is at a risk of more losses if it stays below $1,920 for a long time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1920-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920\" \/>\n<meta property=\"og:description\" content=\"Ethereum price started another decline from the $1,920 resistance against the US Dollar. 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{"id":535984,"date":"2023-06-01T04:10:12","date_gmt":"2023-06-01T04:10:12","guid":{"rendered":"https:\/\/wncen.com\/?p=535984"},"modified":"2024-06-11T14:37:10","modified_gmt":"2024-06-11T14:37:10","slug":"ethereum-price-vulnerable-1920-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1920-2\/","title":{"rendered":"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920"},"content":{"rendered":"

Ethereum price started another decline from the $1,920 resistance against the US Dollar. ETH is at a risk of more losses if it stays below $1,920 for a long time.<\/em><\/p>\n

\n
Ethereum is now showing bearish signs and well below the $1,920 resistance zone.<\/li>\n
The price is trading below $1,880 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bearish trend line forming with resistance near $1,870 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bearish momentum if it breaks the $1,840 support.<\/li>\n<\/ul>\n
Ethereum Price Faces Rejection<\/h2>\n
Ethereum\u2019s price started a fresh decline after it failed to clear the $1,920 resistance zone. ETH declined below the $1,880 level to move into a short-term bearish zone, similar to Bitcoin<\/a>.<\/p>\n
There was a sharp move below the $1,860 level. The price even tested the $1,840 support. A low is formed near $1,838 and the price is now consolidating losses. It is testing the 50% Fib retracement level of the recent decline from the $1,882 swing high to the $1,838 low.<\/p>\n
Ether is now trading below $1,880 and the 100-hourly Simple Moving Average<\/a>. There is also a major bearish trend line forming with resistance near $1,870 on the hourly chart of ETH\/USD.<\/p>\n
Immediate resistance is near the $1,865 zone. It is close to the 76.4% Fib retracement level of the recent decline from the $1,882 swing high to the $1,838 low. The next major resistance is near the $1,880 level. A proper move above the $1,865 and $1,880 resistance levels might send Ether toward $1,900.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next resistance sits near $1,920, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone might send the price toward the $2,120 resistance.<\/p>\n
More Losses in ETH?<\/h2>\n
If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,840 level.<\/p>\n
The next major support is near the $1,820 zone. If there is a close below the $1,820 support, the price could decline toward the $1,800 support. Any more losses may perhaps send the price toward the $1,740 level or even $1,720 in the coming sessions.<\/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 below the 50 level.<\/p>\n
Major Support Level \u2013 $1,840<\/p>\n
Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started another decline from the $1,920 resistance against the US Dollar. ETH is at a risk of more losses if it stays below $1,920 for a long time. Ethereum is now showing bearish signs and well below the $1,920 resistance zone. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,870 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bearish momentum if it breaks the $1,840 support. Ethereum Price Faces Rejection Ethereum\u2019s price started a fresh decline after it failed to clear the $1,920 resistance zone. ETH declined below the $1,880 level to move into a short-term bearish zone, similar to Bitcoin. There was a sharp move below the $1,860 level. The price even tested the $1,840 support. A low is formed near $1,838 and the price is now consolidating losses. It is testing the 50% Fib retracement level of the recent decline from the $1,882 swing high to the $1,838 low. Ether is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,870 on the hourly chart of ETH\/USD. Immediate resistance is near the $1,865 zone. It is close to the 76.4% Fib retracement level of the recent decline from the $1,882 swing high to the $1,838 low. The next major resistance is near the $1,880 level. A proper move above the $1,865 and $1,880 resistance levels might send Ether toward $1,900. Source: ETHUSD on TradingView.com The next resistance sits near $1,920, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone might send the price toward the $2,120 resistance. More Losses in ETH? If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,840 level. The next major support is near the $1,820 zone. If there is a close below the $1,820 support, the price could decline toward the $1,800 support. Any more losses may perhaps send the price toward the $1,740 level or even $1,720 in the coming sessions. 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 below the 50 level. Major Support Level \u2013 $1,840 Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"author":67,"featured_media":476803,"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-535984","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 Topside Bias Vulnerable If It Continues To Struggle Below $1,920<\/title>\n<meta name=\"description\" content=\"Ethereum price started another decline 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 Topside Bias Vulnerable If It Continues To Struggle Below $1,920","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1920-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerable-1920-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Depositphotos_183063862_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Depositphotos_183063862_s-2019.jpg?fit=999%2C738"},"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":"2023-06-01T04:10:12Z","datePublished":"2023-06-01T04:10:12Z","dateModified":"2024-06-11T14:37:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-vulnerable-1920-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-vulnerable-1920-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/Depositphotos_183063862_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/Depositphotos_183063862_s-2019.jpg?fit=999%2C738\"},\"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\":\"2023-06-01T04:10:12Z\",\"datePublished\":\"2023-06-01T04:10:12Z\",\"dateModified\":\"2024-06-11T14:37:10Z\"}<\/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\/11\/Depositphotos_183063862_s-2019.jpg?fit=999%2C738","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/535984"}],"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=535984"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/535984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/476803"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=535984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=535984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=535984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}