{"id":172433,"date":"2023-10-12T00:05:42","date_gmt":"2023-10-11T18:35:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/key-levels-to-watch-as-eth-price-revisits-multi-month-support-crypto-news\/"},"modified":"2023-10-12T00:05:46","modified_gmt":"2023-10-11T18:35:46","slug":"key-levels-to-watch-as-eth-price-revisits-multi-month-support-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/key-levels-to-watch-as-eth-price-revisits-multi-month-support-crypto-news\/","title":{"rendered":"Key Levels to Watch as ETH Price Revisits Multi-Month Support &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-161297\">\n<p>\nThe formation of a wedge pattern could bolster ETH price to rebound from $1500 and prolong a recovery trend; should you enter long?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 6 seconds ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/&#038;text=Key Levels to Watch as ETH Price Revisits Multi-Month Support\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/\" class=\"tw_new_logo\"><br \/>\n<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\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">In the face of escalating selling pressure throughout the altcoin sector, the ETH price trajectory <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/is-eth-price-heading-to-1500-key-indicator-speaks-out\/\">experienced a pronounced decline<\/a>, pulling back sharply from its resistance near the $1745 mark. This dip which occurred over a mere fortnight recorded a 10.5% loss and wiped out the entire gain of September. Could this mounting bearish pressure drive Ether below the $1500 threshold?<\/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\/10-largest-ethereum-wallets-hold-with-diamond-hands-despite-eth-exchange-inflows\/\">10 Largest Ethereum Wallets Hold With Diamond Hands Despite ETH Exchange Inflows<\/a><\/p>\n<h2><b>Will ETH Price Rebound from $1500?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The ETH price could witness high demand pressure at $1500<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Ethereum fear and greed index at 42% reflects neutral to bearish sentiment in the market.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume in Ether is $5.3 Billion, indicating a 0.8% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Chart\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/s\/SlJ6UBv5.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/s\/SlJ6UBv5.png\" alt=\"TradingView Chart\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> is trading at $1,556, reflecting a 0.73% dip within the day. Should this downward momentum continue, this altcoin could further descend by approximately 3%, targeting the confluence of the $1,500 level and a longstanding support trendline that delineates a rising wedge pattern.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This particular support has its origins dating back to June 2022 and has consistently served as a pivotal accumulation point during a major market retracement. Hence, as the ETH price approaches this crucial juncture, it\u2019s plausible to expect a resurgence in buying interest around the $1,500 mark.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">If the coin price manages to firmly anchor above this level, the bullish traders might seize this opportunity to catalyze a recovery. In alignment with the structure of the rising wedge pattern, a bullish pivot from this support is anticipated to propel the ETH price toward the pattern\u2019s upper trendline.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">In an optimistic scenario, the altcoin might undergo a substantial rally, potentially breaching the year-high $2,238.<\/span><\/p>\n<h2><strong>ETH vs BTC Performance<\/strong><\/h2>\n<p><b><img decoding=\"async\" fetchpriority=\"high\" class=\"aligncenter size-full wp-image-161298\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"ETH vs BTC\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-11_23-42-52-e1697048304279.png\"\/><noscript><img decoding=\"async\" fetchpriority=\"high\" class=\"aligncenter size-full wp-image-161298\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-11_23-42-52-e1697048304279.png\" alt=\"ETH vs BTC\" width=\"1200\" height=\"675\"\/><\/noscript>Source: Coingape| Ethereum Vs Bitcoin\u00a0 Price<\/b><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400\">A comparison analysis of the past couple of months reveals that the Ethereum coin has lagged behind the leading cryptocurrency Bitcoin in terms of performance. Since mid-September, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> embarked on a new relief rally, whereas the ETH price demonstrated a more horizontal price movement. In addition, this altcoin has witnessed a steep correction with the recent downturn.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a> slope breakdown below 40% indicates aggressive bearish momentum in the market.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Exponentially Moving Average: <\/b><span style=\"font-weight: 400\">A bearish alignment between the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMAs<\/a>(20, 50, 100, and 200) reflects an overall bearish trend.<\/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\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/&#038;text=Key Levels to Watch as ETH Price Revisits Multi-Month Support\" 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\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/\" 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\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/\" 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\/key-levels-to-watch-as-eth-price-revisit-multi-month-support\/\" 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=\"TabA161297\">\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=\"TabD161297\">\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>The formation of a wedge pattern could bolster ETH price to rebound from $1500 and prolong a recovery trend; should you enter long? Published 6 seconds ago In the face of escalating selling pressure throughout the altcoin sector, the ETH price trajectory experienced a pronounced decline, pulling back sharply from its resistance near the $1745 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":172434,"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-172433","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\/172433","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=172433"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172433\/revisions"}],"predecessor-version":[{"id":172435,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172433\/revisions\/172435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/172434"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}