{"id":124055,"date":"2023-07-18T13:29:21","date_gmt":"2023-07-18T13:29:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/eth-price-to-retest-1800-will-buyers-step-in-crypto-news\/"},"modified":"2023-07-18T13:29:24","modified_gmt":"2023-07-18T13:29:24","slug":"eth-price-to-retest-1800-will-buyers-step-in-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eth-price-to-retest-1800-will-buyers-step-in-crypto-news\/","title":{"rendered":"$ETH Price to Retest $1800- Will Buyers Step In?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154591\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/18184904\/EV8q9nTp-e1689686385832.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Ethereum Price Analysis\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/18184904\/EV8q9nTp-e1689686385832.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/18184904\/EV8q9nTp-e1689686385832-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/18184904\/EV8q9nTp-e1689686385832-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/18184904\/EV8q9nTp-e1689686385832-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 11 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Analysis: For nearly a month the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">ether price<\/a> has shown a silent recovery under the influence of a broadening channel pattern.  Despite the recent volatility in the crypto market the ETH price has strictly resonated within the diverging trendlines of this pattern, accentuating the significant influence of this setup.  While the market sentiment remains uncertain, the traders can wait for channel breakout to grab the next directional move.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-price-momentum-builds-with-climbing-open-interest-will-bulls-rally\/\">Ethereum Price Momentum Builds With Climbing Open Interest, Will Bulls Rally?<\/a><\/p>\n<h2><b>Ethereum Price Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coin holders can mark current recovery using the rising channel pattern.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ethereum Fear and Greed Index at % indicates positive sentiment among traders <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $6.65 Billion, indicating a 29% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/EV8q9nTp.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/EV8q9nTp.png\" alt=\"Ethereum Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- <\/span><span style=\"font-weight: 400;\">Trading<\/span><span style=\"font-weight: 400;\">gview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On July 14 the Ethereum price turned down from the combined resistance of $2000 and the resistance trendline of a broadening channel pattern.  Thus, the altcoin price has been falling for the past five days, registering a 7% loss.  By press time, the ETH price trades at $1894 and continues to wobble within the channel pattern.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">With sustained selling, the downtrend would extend and retest the rising trendline near $1875.  The dynamic support should assist buyers to replenish bullish momentum and keep the chart pattern intact.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">In ideal conditions, a reversal from the lower trendline should drive the price back to the resistance trendline, which is beyond the $2000 psychological barrier.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Will Ethereum Price Plunge to $1800?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Ethereum price approaching the lower trendline also holds a possibility of a bearish breakdown.  If the sellers breached the rising trendline with a daily candle closing, the bullish pattern will be invalidated.  The post-breakdown fall could push the coin price back to $1800-$1775 aligned with the long-coming support trendline.<\/span><\/p>\n<ul>\n<li><b>Directional Movement Index: <\/b><span style=\"font-weight: 400;\">The DI+(blue) and DI-(orange) slope narrowing close for a bearish crossover indicates the buyers are losing grip on this altcoin.<\/span><\/li>\n<li><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The ETH price moving above the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA&#8217;s<\/a>(50, 100, and 200) reflects the overall trend bullish\/<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154591\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154591\">\n<p>    The content presented may include the personal opinion of the author and is subject to market condition.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 11 minutes ago Ethereum Price Analysis: For nearly a month the ether price has shown a silent recovery under the influence of a broadening channel pattern. Despite the recent volatility in the crypto market the ETH price has strictly resonated within the diverging trendlines of this pattern, accentuating the significant influence of this setup. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":124056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-124055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=124055"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124055\/revisions"}],"predecessor-version":[{"id":124057,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124055\/revisions\/124057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/124056"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=124055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=124055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=124055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}