• bitcoinBitcoin (BTC) $ 61,299.00
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  • solanaSolana (SOL) $ 143.54
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  • staked-etherLido Staked Ether (STETH) $ 2,981.81
  • dogecoinDogecoin (DOGE) $ 0.145861
  • the-open-networkToncoin (TON) $ 6.03
  • cardanoCardano (ADA) $ 0.453345
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  • avalanche-2Avalanche (AVAX) $ 34.31
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  • polkadotPolkadot (DOT) $ 6.90
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  • chainlinkChainlink (LINK) $ 14.04
  • nearNEAR Protocol (NEAR) $ 7.12
  • matic-networkPolygon (MATIC) $ 0.683160
  • litecoinLitecoin (LTC) $ 81.59
  • fetch-aiFetch.ai (FET) $ 2.19
  • internet-computerInternet Computer (ICP) $ 11.91
  • uniswapUniswap (UNI) $ 7.30
  • daiDai (DAI) $ 1.00
  • leo-tokenLEO Token (LEO) $ 5.81
  • render-tokenRender (RNDR) $ 10.58
  • ethereum-classicEthereum Classic (ETC) $ 27.16
  • hedera-hashgraphHedera (HBAR) $ 0.108718
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • aptosAptos (APT) $ 8.58
  • cosmosCosmos Hub (ATOM) $ 9.11
  • pepePepe (PEPE) $ 0.000008
  • crypto-com-chainCronos (CRO) $ 0.124213
  • mantleMantle (MNT) $ 1.01
  • filecoinFilecoin (FIL) $ 5.76
  • wrapped-eethWrapped eETH (WEETH) $ 3,093.46
  • stellarStellar (XLM) $ 0.106775
  • okbOKB (OKB) $ 50.41
  • blockstackStacks (STX) $ 2.06
  • immutable-xImmutable (IMX) $ 2.05
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,927.50
  • dogwifcoindogwifhat (WIF) $ 2.88
  • kaspaKaspa (KAS) $ 0.121284
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  • vechainVeChain (VET) $ 0.035052
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  • thorchainTHORChain (RUNE) $ 6.03
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  • celestiaCelestia (TIA) $ 9.46
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,302.87
  • flokiFLOKI (FLOKI) $ 0.000173
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  • bonkBonk (BONK) $ 0.000024
  • bitget-tokenBitget Token (BGB) $ 1.10
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  • coredaoorgCore (CORE) $ 1.70
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  • whitebitWhiteBIT Coin (WBT) $ 9.90
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,066.34
  • jupiter-exchange-solanaJupiter (JUP) $ 1.05
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  • bitcoin-svBitcoin SV (BSV) $ 62.20
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  • tokenize-xchangeTokenize Xchange (TKX) $ 11.67
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  • aioz-networkAIOZ Network (AIOZ) $ 0.830018
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  • starknetStarknet (STRK) $ 1.24
  • cheeleeCheelee (CHEEL) $ 15.86
  • jasmycoinJasmyCoin (JASMY) $ 0.018308
  • msolMarinade Staked SOL (MSOL) $ 170.47
  • mina-protocolMina Protocol (MINA) $ 0.802592
  • roninRonin (RON) $ 2.71
  • conflux-tokenConflux (CFX) $ 0.212101
  • havvenSynthetix Network (SNX) $ 2.55
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,997.77
  • ordinalsORDI (ORDI) $ 37.62
  • decentralandDecentraland (MANA) $ 0.422461
  • gnosisGnosis (GNO) $ 303.51
  • apecoinApeCoin (APE) $ 1.23
  • nervos-networkNervos Network (CKB) $ 0.017188
  • dexeDeXe (DEXE) $ 13.05
  • heliumHelium (HNT) $ 4.53
  • usddUSDD (USDD) $ 0.999321
  • book-of-memeBOOK OF MEME (BOME) $ 0.010627
  • axelarAxelar (AXL) $ 1.11
  • safeSafe (SAFE) $ 1.68
  • pyth-networkPyth Network (PYTH) $ 0.477069
  • theta-fuelTheta Fuel (TFUEL) $ 0.108920
  • iotaIOTA (IOTA) $ 0.219156
  • kavaKava (KAVA) $ 0.654486
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,980.18
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.68
  • nexoNEXO (NEXO) $ 1.24
  • lido-staked-solLido Staked SOL (STSOL) $ 170.15
  • fraxFrax (FRAX) $ 0.999596
  • klay-tokenKlaytn (KLAY) $ 0.172005
  • swethSwell Ethereum (SWETH) $ 3,136.65
  • fasttokenFasttoken (FTN) $ 1.95
  • echelon-primeEchelon Prime (PRIME) $ 15.50
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000104
  • frax-etherFrax Ether (FRXETH) $ 2,976.91
  • ocean-protocolOcean Protocol (OCEAN) $ 0.919736
  • oasis-networkOasis Network (ROSE) $ 0.088454
  • mantra-daoMANTRA (OM) $ 0.725106
  • blurBlur (BLUR) $ 0.373302
  • bitcoin-goldBitcoin Gold (BTG) $ 33.44
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  • osmosisOsmosis (OSMO) $ 0.859939
  • dydxdYdX (ETHDYDX) $ 2.10
  • illuviumIlluvium (ILV) $ 87.40
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  • wemix-tokenWEMIX (WEMIX) $ 1.55
  • arkhamArkham (ARKM) $ 2.51
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,186.15
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000026
  • woo-networkWOO (WOO) $ 0.287724
  • curve-dao-tokenCurve DAO (CRV) $ 0.439737
  • astarAstar (ASTR) $ 0.092750
  • xdce-crowd-saleXDC Network (XDC) $ 0.037152
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  • livepeerLivepeer (LPT) $ 15.59
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  • mx-tokenMX (MX) $ 4.93
  • jito-governance-tokenJito (JTO) $ 3.95
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  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,224.50
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
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  • pendlePendle (PENDLE) $ 4.61
  • radixRadix (XRD) $ 0.042293
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.13
  • corgiaiCorgiAI (CORGIAI) $ 0.001284
  • raydiumRaydium (RAY) $ 1.65
  • stepnGMT (GMT) $ 0.215849
  • zilliqaZilliqa (ZIL) $ 0.023499
  • memecoin-2Memecoin (MEME) $ 0.024775
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  • pax-goldPAX Gold (PAXG) $ 2,308.27
  • ether-fiEther.fi (ETHFI) $ 3.69
  • 1inch1inch (1INCH) $ 0.364958
  • terra-luna-2Terra (LUNA) $ 0.614435
  • manta-networkManta Network (MANTA) $ 1.65
  • amp-tokenAmp (AMP) $ 0.007333
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  • enjincoinEnjin Coin (ENJ) $ 0.281013
  • rocket-poolRocket Pool (RPL) $ 20.10
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  • aelfaelf (ELF) $ 0.537316
  • celsius-degree-tokenCelsius Network (CEL) $ 0.920412
  • compound-governance-tokenCompound (COMP) $ 56.60
  • stader-ethxStader ETHx (ETHX) $ 3,068.12
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  • skaleSKALE (SKL) $ 0.070597
  • safepalSafePal (SFP) $ 0.789143
  • zetachainZetaChain (ZETA) $ 1.53

Ethereum Price See “Liftoff” if It’s Able to Hold One Crucial Level

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Ethereum Price See “Liftoff” if It’s Able to Hold One Crucial Level

Ethereum price is struggling to clear the $1,850 and $1,880 resistance levels against the US Dollar. ETH could start a decent increase unless there is a close below $1,800.

  • Ethereum is currently moving lower from the $1,880 resistance zone.
  • The price is trading below $1,850 and the 100-hourly Simple Moving Average.
  • There is a key bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a decent increase if there is a move above the $1,840 and $1,880 resistance levels.

Ethereum Price Faces Hurdles

Ethereum’s price attempted a decent increase above the $1,850 resistance zone. However, ETH faced a strong rejection near the $1,880 zone, similar to Bitcoin.

The price declined sharply below the $1,850 level. It traded as low as $1,792 before recovering to $1,865. A high is formed near $1,865 and the price is now moving lower. It traded below the 50% Fib retracement level of the upward move from the $1,792 swing low to the $1,865 high.

Ether is now trading below $1,850 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD.

Ethereum Price See “Liftoff” if It’s Able to Hold One Crucial Level

Source: ETHUSD on TradingView.com

Immediate resistance is near the $1,835 level. The next resistance sits near $1,840, above which Ethereum could test the 100-hourly Simple Moving Average. The main resistance is now forming near the $1,880 level. A close above the $1,880 resistance zone could start a decent increase toward the $1,920 resistance. Any more gains might send the price toward the $1,975 resistance.

Downside Break in ETH?

If Ethereum fails to clear the $1,840 resistance, it could continue to move down. Initial support on the downside is near the $1,820 level or the 61.8% Fib retracement level of the upward move from the $1,792 swing low to the $1,865 high.

The next major support is near the $1,800 zone. If there is a downside break and a close below $1,800, the price could decline heavily. 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 MACDThe MACD for ETH/USD is now gaining momentum in the bearish zone.

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

Major Support Level – $1,800

Major Resistance Level – $1,840

Source

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