<\/p>\n
Ethereum price started a steady recovery wave above $2,000. ETH is now consolidating above $2,050 and might aim for more gains.<\/em><\/p>\n Ethereum price failed to stay above $2,050 and extended losses, like Bitcoin<\/a>. ETH price dipped below $2,020 and $2,000 to enter a bearish zone.<\/p>\n Finally, the bulls appeared near $1,935. A low was formed at $1,936, and the price is now recovering losses. There was a move above the $2,050 resistance. The price cleared the 50% Fib retracement level of the downward move from the $2,198 swing high to the $1,936 low. Besides, there was a break above a key bearish trend line with resistance at $2,060 on the hourly chart of ETH\/USD.<\/p>\n Ethereum price is now trading above $2,020 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,120 level.<\/p>\n The first key resistance is near the $2,150 level or the 76.4% Fib retracement level of the downward move from the $2,198 swing high to the $1,936 low. The next major resistance is near the $2,200 level. A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,350 in the near term.<\/p>\n If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,050 level. The first major support sits near the $2,020 zone.<\/p>\n A clear move below the $2,020 support might push the price toward the $1,980 support. Any more losses might send the price toward the $1,950 region. The main support could be $1,880.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n Major Support Level \u2013 $2,050<\/p>\n Major Resistance Level \u2013 $2,150<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Ethereum price started a steady recovery wave above $2,000. ETH is now consolidating above $2,050 and might aim for more gains. Ethereum started a decent upward move from the $1,935 zone. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance […]<\/p>\n","protected":false},"author":2,"featured_media":423287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-423281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423281","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=423281"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423281\/revisions"}],"predecessor-version":[{"id":423289,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423281\/revisions\/423289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/423287"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=423281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=423281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=423281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Ethereum Price Attempts Recovery<\/h2>\n
Another Decline In ETH?<\/h2>\n