Telegram Channel
Twiter
Instagram
Shout Box
Latest News
✅Ethereum Price Key Indicators Suggest Rising Selling Interest Below $1,700
Ethereum Price Consolidates Below $1,700
Ethereum’s price started a recovery wave from the $1,520 zone. ETH managed to recover above the $1,550 and $1,580 levels, similar to Bitcoin.
However, the price is struggling to recover above the $1,700 and $1,720 levels. It is now moving lower and trading below the 23.6% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high. There is also a key bearish trend line forming with resistance near $1,680 on the hourly chart of ETH/USD.
Ether is now trading below $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,680 level and the trend line.
The next resistance is near $1,690 or the 100-hourly Simple Moving Average. The first major resistance is forming near $1,700 and $1,720. A close above the $1,720 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance or even $1,880 in the coming days.
Another Drop in ETH?
If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,620 level or the 50% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high.
The first major support is near the $1,600 zone. If there is a downside break below $1,600, there could be more losses. The next major support is near the $1,565 support level. Any more losses might send the price toward the $1,520 level in the near term.
Return to Updates
Ethereum Price Consolidates Below $1,700
Ethereum’s price started a recovery wave from the $1,520 zone. ETH managed to recover above the $1,550 and $1,580 levels, similar to Bitcoin.
However, the price is struggling to recover above the $1,700 and $1,720 levels. It is now moving lower and trading below the 23.6% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high. There is also a key bearish trend line forming with resistance near $1,680 on the hourly chart of ETH/USD.
Ether is now trading below $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,680 level and the trend line.
The next resistance is near $1,690 or the 100-hourly Simple Moving Average. The first major resistance is forming near $1,700 and $1,720. A close above the $1,720 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance or even $1,880 in the coming days.
Another Drop in ETH?
If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,620 level or the 50% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high.
The first major support is near the $1,600 zone. If there is a downside break below $1,600, there could be more losses. The next major support is near the $1,565 support level. Any more losses might send the price toward the $1,520 level in the near term.
Return to Updates
Current Bitcoin price
${{ btcUSD }}
24H % Change
{{ percentChange }}%
Top Monitored
PlanetaryAsset
555 days
SELWIX
12 days
Most recent votes
- Nov 20th, 2023
-
PlanetaryAsset
-
HENBBO VENTURES
- Nov 17th, 2023
-
PlanetaryAsset
-
HENBBO VENTURES
- Nov 6th, 2023
-
HENBBO VENTURES
- Oct 28th, 2023
-
HENBBO VENTURES
- Oct 25th, 2023
-
HENBBO VENTURES
- Oct 21st, 2023
-
HENBBO VENTURES
- Oct 14th, 2023
-
HENBBO VENTURES
- Oct 11th, 2023
-
PlanetaryAsset
Our Best Partners
