{"id":28459,"date":"2023-09-13T06:37:50","date_gmt":"2023-09-13T06:37:50","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/13\/ethereum-price-faces-uphill-task-and-could-restart-decline-to-1500\/"},"modified":"2023-09-13T06:37:50","modified_gmt":"2023-09-13T06:37:50","slug":"ethereum-price-faces-uphill-task-and-could-restart-decline-to-1500","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/13\/ethereum-price-faces-uphill-task-and-could-restart-decline-to-1500\/","title":{"rendered":"Ethereum Price Faces Uphill Task and Could Restart Decline To $1,500"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum value is making an attempt a restoration wave above $1,580 towards the US Dollar. ETH is struggling to clear $1,620 and would possibly begin one other decline.<\/em><\/p>\n<ul>\n<li>Ethereum is struggling to realize tempo for a transfer above $1,600 and $1,620.<\/li>\n<li>The value is buying and selling under $1,600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a serious bearish development line forming with resistance close to $1,600 on the hourly chart of ETH\/USD (knowledge feed through Kraken).<\/li>\n<li>The pair might begin one other decline until there&#8217;s a shut above $1,620.<\/li>\n<\/ul>\n<h2>Ethereum Price Struggles Above $1,600<\/h2>\n<p>Ethereum\u2019s value began an upside correction from the $1,530 stage. ETH managed to get well above the $1,560 and $1,580 resistance ranges, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-formation-26500\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>.<\/p>\n<p>The bulls even pushed the worth above the 50% Fib retracement stage of the important thing decline from the $1,670 swing excessive to the $1,530 low. The value climbed above the $1,600 resistance stage and the 100-hourly Simple Moving Average. However, the bears took a stand close to the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-capped-1620\/\" target=\"_blank\" rel=\"noopener\">key resistance at $1,620<\/a>.<\/p>\n<p>Ether did not clear the 61.8% Fib retracement stage of the important thing decline from the $1,670 swing excessive to the $1,530 low. There can be a serious bearish development line forming with resistance close to $1,600 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum is now buying and selling under $1,600 and the 100-hourly Simple Moving Average. On the upside, the worth would possibly face resistance close to the $1,595 stage or the development line. The subsequent resistance is close to the $1,620 stage. An in depth above the $1,620 resistance would possibly ship the worth towards the $1,670 resistance.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-551062\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468\" alt=\"Ethereum Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-8.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main hurdle is close to the $1,720 stage. An in depth above the $1,720 stage would possibly ship Ethereum additional greater towards $1,800.<\/p>\n<h2>Another Drop in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,600 resistance, it might begin one other decline. Initial help on the draw back is close to the $1,565 stage.<\/p>\n<p>The first key help is near $1,550. The subsequent key help is $1,530. A draw back break under $1,530 would possibly push the worth additional decrease towards the $1,500 zone. In the said case, the worth might even decline towards the $1,440 stage within the close to time period.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining momentum within the bearish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now under the 50 stage.<\/p>\n<p>Major Support Level \u2013 $1,550<\/p>\n<p>Major Resistance Level \u2013 $1,620<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-faces-uphill-task-1620\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum value is making an attempt a restoration wave above $1,580 towards the US Dollar. ETH is struggling to clear $1,620 and would possibly begin one other decline. Ethereum is struggling to realize tempo for a transfer above $1,600 and $1,620. The value is buying and selling under $1,600 and the 100-hourly Simple Moving [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[535,108,592,110,318,1009,4298],"class_list":["post-28459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-decline","tag-ethereum","tag-faces","tag-price","tag-restart","tag-task","tag-uphill","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/28459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=28459"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/28459\/revisions"}],"predecessor-version":[{"id":28460,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/28459\/revisions\/28460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/27848"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=28459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=28459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=284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