• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Ethereum Price
Sensei Inu Logo

Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,850

Aayush Jindal by Aayush Jindal
4 months ago
in ETH
Reading Time: 2 mins read

Ethereum price is struggling below the $1,840 resistance against the US Dollar. ETH could face bearish moves if there is a break below the $1,800 support.

  • Ethereum is currently facing a strong barrier near the $1,850 resistance zone.
  • The price is trading below $1,820 and the 100-hourly Simple Moving Average.
  • There is a key rising channel forming with support near $1,800 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a steady decline if there is a clear move below the $1,800 support.

Ethereum Price Faces Uphill Task

Ethereum’s price started a decent upward move from the $1,750 support zone. ETH climbed higher above the $1,800 and $1,820 resistance levels, similar to Bitcoin.

However, the bears were active near the $1,840 and $1,850 resistance levels. A high is formed near $1,847 and the price is now moving lower. There was a drop below the $1,825 and $1,820 levels. The price declined below the 50% Fib retracement level of the upward move from the $1,785 swing low to the $1,847 high.

Ether price is now trading below $1,820 and the 100-hourly Simple Moving Average. There is also a key rising channel forming with support near $1,800 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

Immediate resistance is near the $1,820 level or the 100 hourly SMA. The next resistance sits near $1,850, above which Ethereum could gain bullish momentum and rise toward $1,920.  If there is a move above the $1,920 resistance level, the price might rise toward the $2,000 level. Any more gains above the $2,000 resistance zone could start a decent increase toward the $2,050 resistance.

More Losses in ETH?

If Ethereum fails to clear the $1,850 resistance, it could continue to move down. Initial support on the downside is near the $1,800 level and the 76.4% Fib retracement level of the upward move from the $1,785 swing low to the $1,847 high.

The next major support is near the $1,790 zone. If there is a clear move below the $1,790 support, the price could gain bearish momentum. In the stated case, the price might drop toward the $1,740 support zone. Any more losses may perhaps take the price toward the $1,650 level in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is below the 50 level.

Major Support Level – $1,800

Major Resistance Level – $1,850

Tags: ETHethereumethusdETHUSDT
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Ethereum

Ethereum Price Plunges After Rejection, Are Bears Back In Action?

17 hours ago
Ethereum

Ethereum Price Grinds Lower But Key Support Is Still Intact

2 days ago
Ethereum

Ethereum Price Lacks Momentum Above $1,660, ETH Holders Are Safe: Here’s Why

3 days ago
Ethereum

Ethereum Price Faces Another Rejection – Can Bulls Save The Day?

4 days ago
Ethereum Price

Ethereum Price Gains are Slowing but Not Likely Over – Here’s Why

5 days ago
Ethereum

Ethereum Price Nears Make-or-Break Resistance, Can Bulls Make It?

1 week ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Arbitrum (ARB), Toncoin (TON), and Tradecurve Markets...

    9 hours ago
  • Top Meme and Utility Tokens to Watch Out For in 2023...

    9 hours ago
  • Bitcoin Miners Go Bankrupt As Bitcoin Spark Looks To...

    9 hours ago
  • Massive Potential Unveiled: Hedera, dYdX, Kangamoon, Poised...

    9 hours ago
  • Uwerx’s Recovery Blueprint Ignites Momentum With The...

    11 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.