<\/p>\n
Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300.<\/em><\/p>\n Ethereum price managed to stay above the $2,320 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,380 and $2,385.<\/p>\n However, the bears were active near $2,420. The last swing high was formed at $2,423 before there was a downside correction. The price dipped below the $2,365 level. Besides, there was a break below a bullish trend line with support at $2,365 on the hourly chart of ETH\/USD.<\/p>\n The price even tested the 50% Fib retracement level of the upward move<\/a> from the $2,220 swing low to the $2,423 high. Ethereum price is now trading below $2,360 and the 100-hourly Simple Moving Average.<\/p>\n If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,350 level. The first key resistance is near the $2,380 level. The next major resistance is near the $2,420 level. A clear move above the $2,420 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term.<\/p>\n If Ethereum fails to clear the $2,360 resistance, it could start a downside correction. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,300 zone.<\/p>\n A clear move below the $2,300 support might push the price toward the $2,265 support or the 76.4% Fib retracement level of the upward move from the $2,220 swing low to the $2,423 high. Any more losses might send the price toward the $2,200 region. The main support could be $2,150.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n Major Support Level \u2013 $2,300<\/p>\n Major Resistance Level \u2013 $2,360<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300. Ethereum started a downside correction from the $2,420 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with […]<\/p>\n","protected":false},"author":2,"featured_media":426642,"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-426641","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\/426641","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=426641"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426641\/revisions"}],"predecessor-version":[{"id":426643,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426641\/revisions\/426643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/426642"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=426641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=426641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=426641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Ethereum Price Trims Gains<\/h2>\n
Another Decline In ETH?<\/h2>\n