{"id":153704,"date":"2023-09-11T20:42:36","date_gmt":"2023-09-11T15:12:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-ethereum-coin-lose-1500-mark-this-week-crypto-news\/"},"modified":"2023-09-11T20:42:39","modified_gmt":"2023-09-11T15:12:39","slug":"will-ethereum-coin-lose-1500-mark-this-week-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-ethereum-coin-lose-1500-mark-this-week-crypto-news\/","title":{"rendered":"Will Ethereum Coin Lose $1500 Mark this Week? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-158953\">\n<p>\nIncreasing selling pressure plunged the ETH price below $1570 support as a signal to prolong correction\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/BfTK1MNf-e1694444923437.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ETH Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 13 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">In recent times, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/altcoins\/\">altcoin<\/a> space has witnessed increased selling pressure, resulting in a cascading wave of corrections across most tokens. Ethereum, the second-largest cryptocurrency by market capitalization, hasn\u2019t been spared either. Over the last four days, it\u2019s faced a continuous slip, drifting from a high of $1,558 to a pit at $1,577, marking a 5.2% descent. This plunge not only wiped off recent gains but also pushed Ethereum beneath a pivotal support level, signaling the potential for even deeper corrections ahead.<\/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\/top-analyst-predicts-ethereum-price-prediction-before-bitcoin-halving\/\">Top Analyst Predicts Ethereum Price Prediction Before Bitcoin Halving<\/a><\/p>\n<h2><b>$1570 Support Breakdown Hints Further Downfall<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bearish breakdown below $1570 will set the ETH price for a 7% drop<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A potential negative crossover between 100-and-200-day could accelerate selling pressure in the market<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume in Ether is $7.3 Billion, indicating an 181% 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=\"ETH Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/b\/BfTK1MNf.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/b\/BfTK1MNf.png\" alt=\"ETH Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">For a notable span of three weeks, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> confidently rode above the $1,600 psychological mark. This was primarily buoyed by ascending support trendlines which served as its safety nets. Every time the price took a dive toward this region, it was met with a brisk buying spree, to carry a relief rally.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">However, with a domino effect stemming from the recent altcoin shed, Ether coin\u2019s value was jolted down by 1.1% on September 10th. This sent it crashing through the aforementioned support trendline. Adding to the bearish motive, the coin price plunged 2.8% providing a suitable follow-up to the trendline breakdown. <\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">If this bearish drive holds its course, this altcoin might crumble below the August 17th low of $1,576, a definitive testament to the downtrend\u2019s grip. <\/span><span style=\"font-weight: 400\">Should this bearish trajectory linger, ETH price may witness a steeper drop, eyeing a target of $1,450 \u2013 a decline of approximately 8.5%.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>$1570 Support Breakdown Hints Further Downfall<\/b><\/h2>\n<p><span style=\"font-weight: 400\">A cursory glance at Ethereum\u2019s price behavior over the preceding three weeks reveals this entire consolidation phase has been bounded with the August 17th daily candle. This candlestick high and low \u2013 at $1,809 and $1,576 respectively \u2013 have now morphed into formidable resistance and support barriers. Yet, given the prevailing bearish winds, any descent below the $1,570 threshold could spell an avalanche of selling pressure, further suppressing the ETH price.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400\">The lower boundary of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Band<\/a> is challenged to indicate the current selling pressure is aggressive.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Average Directional IBOndex: <\/b><span style=\"font-weight: 400\">The ADX slope at 43% reflects that the sellers may soon exhaust from the over-extended downtrend.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/eth-price-prediction-will-ethereum-coin-lose-1500-mark-this-week\/&#038;text=ETH Price Prediction: Will Ethereum Coin Lose $1500 Mark this Week?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/eth-price-prediction-will-ethereum-coin-lose-1500-mark-this-week\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/eth-price-prediction-will-ethereum-coin-lose-1500-mark-this-week\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/eth-price-prediction-will-ethereum-coin-lose-1500-mark-this-week\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA158953\">\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>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/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\/a533fdcf650a1d3d3b6a452bcef2d18a?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\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?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=\"TabD158953\">\n<p>  The presented content 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<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increasing selling pressure plunged the ETH price below $1570 support as a signal to prolong correction Published 13 seconds ago In recent times, the altcoin space has witnessed increased selling pressure, resulting in a cascading wave of corrections across most tokens. Ethereum, the second-largest cryptocurrency by market capitalization, hasn\u2019t been spared either. Over the last [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":153705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-153704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153704","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=153704"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153704\/revisions"}],"predecessor-version":[{"id":153706,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153704\/revisions\/153706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/153705"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=153704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=153704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=153704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}