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{"id":549213,"date":"2023-08-29T04:47:18","date_gmt":"2023-08-29T04:47:18","guid":{"rendered":"https:\/\/wncen.com\/?p=549213"},"modified":"2024-06-11T14:28:49","modified_gmt":"2024-06-11T14:28:49","slug":"ethereum-bulls-fight-1660","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-fight-1660\/","title":{"rendered":"Ethereum Bulls Put Up A Fight, But Can They Clear This Major Hurdle?"},"content":{"rendered":"

Ethereum price is attempting a recovery wave above $1,650 against the US Dollar. ETH must clear $1,660 and $1,700 to start a steady increase.<\/em><\/p>\n

\n
Ethereum is struggling to rise above the $1,660 and $1,670 levels.<\/li>\n
The price is trading near $1,650 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $1,650 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a decent increase if it clears $1,660 and then $1,700.<\/li>\n<\/ul>\n
Ethereum Price Lacks Momentum<\/h2>\n
Ethereum\u2019s price managed to settle above the $1,640 level. It seems like ETH is attempting a recovery wave above the $1,650 resistance zone, like Bitcoin<\/a>.<\/p>\n
Recently, there was a break above a connecting bearish trend line with resistance near $1,650 on the hourly chart of ETH\/USD. However, the bulls are facing resistance near $1,660 or the 50% Fib retracement level of the downward move from the $1,698 swing high to the $1,621 low.<\/p>\n
Ether is now trading near $1,650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,660 level. The next resistance is near the $1,670 level or the 61.8% Fib retracement level of the downward move from the $1,698 swing high to the $1,621 low.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
A close above the $1,670 level might send the price toward the $1,700 pivot zone. To start a decent increase, Ethereum must settle above the $1,700 level<\/a>. In the stated case, the price might rise toward the $1,780 level. Any more gains might send the price toward the $1,850 resistance.<\/p>\n
Another Decline in ETH?<\/h2>\n
If Ethereum fails to clear the $1,660 resistance, it could start another decline. Initial support on the downside is near the $1,640 level.<\/p>\n
The next key support is close to $1,620. If there is a downside break below $1,620, the price could accelerate lower toward the $1,5800 level. Any more losses might send the price toward the $1,540 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 above the 50 level.<\/p>\n
Major Support Level \u2013 $1,640<\/p>\n
Major Resistance Level \u2013 $1,660<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is attempting a recovery wave above $1,650 against the US Dollar. ETH must clear $1,660 and $1,700 to start a steady increase. Ethereum is struggling to rise above the $1,660 and $1,670 levels. The price is trading near $1,650 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,650 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a decent increase if it clears $1,660 and then $1,700. Ethereum Price Lacks Momentum Ethereum\u2019s price managed to settle above the $1,640 level. It seems like ETH is attempting a recovery wave above the $1,650 resistance zone, like Bitcoin. Recently, there was a break above a connecting bearish trend line with resistance near $1,650 on the hourly chart of ETH\/USD. However, the bulls are facing resistance near $1,660 or the 50% Fib retracement level of the downward move from the $1,698 swing high to the $1,621 low. Ether is now trading near $1,650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,660 level. The next resistance is near the $1,670 level or the 61.8% Fib retracement level of the downward move from the $1,698 swing high to the $1,621 low. Source: ETHUSD on TradingView.com A close above the $1,670 level might send the price toward the $1,700 pivot zone. To start a decent increase, Ethereum must settle above the $1,700 level. In the stated case, the price might rise toward the $1,780 level. Any more gains might send the price toward the $1,850 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,660 resistance, it could start another decline. Initial support on the downside is near the $1,640 level. The next key support is close to $1,620. If there is a downside break below $1,620, the price could accelerate lower toward the $1,5800 level. Any more losses might send the price toward the $1,540 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 above the 50 level. Major Support Level \u2013 $1,640 Major Resistance Level \u2013 $1,660<\/p>\n","protected":false},"author":67,"featured_media":464347,"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-549213","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 Bulls Put Up A Fight, But Can They Clear This Major Hurdle?<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting a recovery wave above $1,650 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 Bulls Put Up A Fight, But Can They Clear This Major Hurdle?","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-fight-1660\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-fight-1660\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_547233985.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_547233985.jpg?fit=1000%2C655"},"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":"2023-08-29T04:47:18Z","datePublished":"2023-08-29T04:47:18Z","dateModified":"2024-06-11T14:28:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Bulls Put Up A Fight, But Can They Clear This Major Hurdle?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-bulls-fight-1660\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-bulls-fight-1660\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_547233985.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_547233985.jpg?fit=1000%2C655\"},\"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\":\"2023-08-29T04:47:18Z\",\"datePublished\":\"2023-08-29T04:47:18Z\",\"dateModified\":\"2024-06-11T14:28:49Z\"}<\/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_547233985.jpg?fit=1000%2C655","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549213","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=549213"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/464347"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}