{"id":20908,"date":"2023-04-24T04:59:12","date_gmt":"2023-04-24T04:59:12","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/04\/24\/ethereum-price-vulnerable-to-more-losses-if-it-stays-below-1920\/"},"modified":"2023-04-24T04:59:12","modified_gmt":"2023-04-24T04:59:12","slug":"ethereum-price-vulnerable-to-more-losses-if-it-stays-below-1920","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/04\/24\/ethereum-price-vulnerable-to-more-losses-if-it-stays-below-1920\/","title":{"rendered":"Ethereum Price Vulnerable To More Losses If It Stays Below $1,920"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum value prolonged its decline beneath $1,920 towards the US Dollar. ETH might proceed to maneuver down if it breaks the $1,820 help zone.<\/em><\/p>\n<ul>\n<li>Ethereum traded additional decrease beneath the $1,920 help.<\/li>\n<li>The value is buying and selling beneath $1,920 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a serious bearish development line with resistance close to $1,860 on the hourly chart of ETH\/USD (information feed through Kraken).<\/li>\n<li>The pair might begin an honest enhance if it clears the $1,920 and $1,975 ranges.<\/li>\n<\/ul>\n<h2>Ethereum Price Turns Red<\/h2>\n<p>Ethereum\u2019s value <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-hesitates-1920\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">gained bearish momentum<\/a> after it settled beneath the $2,000 help. ETH prolonged its decline beneath the $1,950 and $1,920 help ranges, just like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-increase-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>.<\/p>\n<p>The bears even pushed the worth beneath the $1,880 help. A low is shaped close to $1,827 and the worth is now consolidating losses. Ether is now buying and selling beneath $1,920 and the 100-hourly Simple Moving Average. Recently, there was a minor enhance above $1,850. There was a break above a serious bearish development line with resistance close to $1,860 on the hourly chart of ETH\/USD.<\/p>\n<p>Immediate resistance is close to the $1,900 zone. It is near the 23.6% Fib retracement stage of the principle drop from the $2,125 swing excessive to the $1,827 low. The subsequent main resistance is close to $1,920.<\/p>\n<p>An upside break above $1,920 may ship Ethereum towards $1,975 or the 50% Fib retracement stage of the principle drop from the $2,125 swing excessive to the $1,827 low. The subsequent main resistance is close to the $2,000 zone, above which the worth could begin an honest enhance.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-528243\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14.png\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/04\/Ethereum-14-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>In the said case, the worth might rise towards the $2,080 resistance. Any extra features might ship Ether towards the $2,125 resistance within the close to time period.<\/p>\n<h2>More Losses in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,920 resistance, it might proceed to maneuver down. Initial help on the draw back is close to the $1,840 stage.<\/p>\n<p>The subsequent main help is close to the $1,820 zone or the current low, beneath which ether value may acquire bearish momentum. In the said case, the worth may decline towards $1,765. Any extra losses could maybe ship the worth towards $1,700.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now dropping momentum within the bearish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is beneath the 50 stage.<\/p>\n<p>Major Support Level \u2013 $1,820<\/p>\n<p>Major Resistance Level \u2013 $1,920<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-vulnerable-1920\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum value prolonged its decline beneath $1,920 towards the US Dollar. ETH might proceed to maneuver down if it breaks the $1,820 help zone. Ethereum traded additional decrease beneath the $1,920 help. The value is buying and selling beneath $1,920 and the 100-hourly Simple Moving Average. There was a break above a serious bearish 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