{"id":28845,"date":"2023-09-20T04:23:04","date_gmt":"2023-09-20T04:23:04","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/20\/ethereum-price-lacks-momentum-above-1660-eth-holders-are-safe-heres-why\/"},"modified":"2023-09-20T04:23:04","modified_gmt":"2023-09-20T04:23:04","slug":"ethereum-price-lacks-momentum-above-1660-eth-holders-are-safe-heres-why","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/20\/ethereum-price-lacks-momentum-above-1660-eth-holders-are-safe-heres-why\/","title":{"rendered":"Ethereum Price Lacks Momentum Above $1,660, ETH Holders Are Safe: Here&#8217;s Why"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum value continues to be struggling to achieve tempo above $1,670 and $1,680 towards the US Dollar. ETH should keep above $1,620 to start out one other enhance.<\/em><\/p>\n<ul>\n<li>Ethereum struggled to clear the $1,660 resistance.<\/li>\n<li>The value is buying and selling above $1,635 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key contracting triangle forming with resistance close to $1,650 on the hourly chart of ETH\/USD (information feed by way of Kraken).<\/li>\n<li>The pair should keep above the $1,620 help zone to start out one other enhance within the brief time period.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Key Hurdle<\/h2>\n<p>Ethereum\u2019s value <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-rejection-1670\/\" target=\"_blank\" rel=\"noopener\">remained well-supported above the $1,620 zone<\/a>. ETH once more climbed above the $1,650 resistance however struggled to clear $1,660, not like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-larger-rally-27500\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>.<\/p>\n<p>The value made two makes an attempt to achieve energy above $1,660 however failed. A excessive was shaped close to $1,660 and the worth began a draw back correction. There was a transfer under the $1,650 stage. The value declined under the 50% Fib retracement stage of the current enhance from the $1,627 swing low to the $1,660 excessive.<\/p>\n<p>Ether is now buying and selling above $1,635 and the 100-hourly Simple Moving Average. It can be holding the 76.4% Fib retracement stage of the current enhance from the $1,627 swing low to the $1,660 excessive.<\/p>\n<p>On the upside, the worth may face resistance close to the $1,650 stage. There can be a key contracting triangle forming with resistance close to $1,650 on the hourly chart of ETH\/USD. The subsequent resistance is close to the $1,660 stage. The essential resistance is now forming close to $1,670.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-552076\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468\" alt=\"Ethereum Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Ethereum-13.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>An in depth above the $1,670 resistance may ship the worth towards the $1,750 resistance. The subsequent main hurdle is close to the $1,820 stage. An in depth above the $1,820 stage may ship Ethereum additional larger towards $1,950 within the coming days.<\/p>\n<h2>Downside Break in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,660 resistance, it may begin one other decline. Initial help on the draw back is close to the $1,635 stage and the 100-hourly Simple Moving Average.<\/p>\n<p>The first key help is near $1,620. The subsequent key help is $1,600. A transparent transfer under $1,600 may enhance promoting strain. In the acknowledged case, the worth may even decline towards the $1,540 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 dropping momentum within the bullish 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 $1,620<\/p>\n<p>Major Resistance Level \u2013 $1,660<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-lacks-momentum-1660\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum value continues to be struggling to achieve tempo above $1,670 and $1,680 towards the US Dollar. ETH should keep above $1,620 to start out one other enhance. Ethereum struggled to clear the $1,660 resistance. The value is buying and selling above $1,635 and the 100-hourly Simple Moving Average. There is a key contracting 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