ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next major hurdle is near the $3,350 level. A close above the $3,350 level might send Ether toward the $3,400 resistance. The next key resistance is near $3,500. An upside break above the $3,500 resistance might send the price higher toward the $3,650 resistance zone in the near term.<\/p>\n
Another Decline In ETH?<\/h2>\n If Ethereum fails to clear the $3,330 resistance, it could continue to move down. Initial support on the downside is near $3,250. The first major support sits near the $3,230 zone.<\/p>\n
A clear move below the $3,230 support might push the price toward $3,180. Any more losses might send the price toward the $3,080 support level in the near term. The next key support sits at $3,020.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\nMajor Support Level \u2013 $3,230<\/p>\n
Major Resistance Level \u2013 $3,330<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price corrected gains and traded below the $3,300 level. ETH is consolidating and facing hurdles near the $3,300 resistance zone. Ethereum started a downside correction from the $3,400 resistance. The price is trading below $3,330 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,295 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start another increase if it clears the $3,330 resistance zone. Ethereum Price Extends Losses Below $3,300 Ethereum price failed to clear the $3,400 resistance zone and started a downside correction, like Bitcoin. ETH traded below the $3,330 and $3,300 support levels to enter a short-term bearish zone. There was a break below a key bullish trend line with support at $3,295 on the hourly chart of ETH\/USD. The pair even spiked below the $3,250 support zone. A low is formed at $3,231 and the price is now consolidating losses. It recovered some losses and traded above $3,280. The price tested the 50% Fib retracement level of the downward move from the $3,362 swing high to the $3,231 low. Ethereum price is now trading below $3,300 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price could face resistance near the $3,300 level and the 100-hourly Simple Moving Average. The first major resistance is near the $3,330 level and the 76.4% Fib retracement level of the downward move from the $3,362 swing high to the $3,231 low. The next major hurdle is near the $3,350 level. A close above the $3,350 level might send Ether toward the $3,400 resistance. The next key resistance is near $3,500. An upside break above the $3,500 resistance might send the price higher toward the $3,650 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,330 resistance, it could continue to move down. Initial support on the downside is near $3,250. The first major support sits near the $3,230 zone. A clear move below the $3,230 support might push the price toward $3,180. Any more losses might send the price toward the $3,080 support level in the near term. The next key support sits at $3,020. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 zone. Major Support Level \u2013 $3,230 Major Resistance Level \u2013 $3,330<\/p>\n","protected":false},"author":67,"featured_media":632406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-632404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Price Battles Resistance: Can ETH Regain Momentum?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n