Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Zimbabwe rolls out blockchain-based carbon credit market system

2025-05-21

What Is a DEX (Decentralized Exchange)?

2025-05-21

🧊 Stay cool, stay onchain with .pengu 🐧

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»What could cause a new increase?
Analysis

What could cause a new increase?

2023-06-23No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price corrects gains of $1,930 against the US dollar. ETH could start a fresh increase unless there is a prolonged decline towards USD 1,820.

  • Ethereum is currently correcting lower from the $1,930 resistance.
  • The price is trading above $1,850 and the 100-hour Simple Moving Average.
  • There was a break below a contiguous bullish trendline with support near USD 1,900 on the ETH/USD hourly chart (data feed via Kraken).
  • The pair could continue to climb above the USD 1,900 and USD 1,930 resistance levels.

Ethereum price is stable above $1,850

Ethereum price surged above the $1,850 resistance zone. ETH even peaked above $1,900 before the bears appeared. A high is formed near $1,930 and the price is now correcting gains similar to Bitcoin.

There was a move below the $1,900 and $1,880 levels. The price traded below the 23.6% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. In addition, there was a break below a contiguous bullish trendline with support near USD 1,900 on the ETH/USD hourly chart.

Ether is still trading above USD 1,850 and the 100-hour Simple Moving Average. Immediate resistance is near the $1,900 level. The next major resistance is near the $1,930 level.

Ethereum price

Source: ETHUSD at TradingView.com

If the bulls manage to pump Ethereum above its recent high, the price could even surpass USD 1,950. The next resistance is near $2,000, above which the bulls could target a move towards the $2,050 level. More gains above the $2,050 resistance zone could push the price towards the $2,120 resistance.

See also  Ripple CTO Explains Company's Position on Debunking Outrageous XRP Price Predictions

Are dips limited in ETH?

If Ethereum fails to clear the $1,930 resistance, it could drop further. The first support on the downside is near the $1,865 level.

The next key support is near the $1,820 level and the 100-hour Simple Moving Average. It is close to the 50% Fib retracement level of the upward move from the $1,715 swing low to the $1,930 high. If there is a break below the $1,820 support, the price could test $1,800. Any more losses might send the price towards the $1,750 zone or even $1,720 in the coming days.

Technical indicators

MACD per hour – The MACD for ETH/USD is losing momentum in the bullish zone.

RSI per hour – The RSI for ETH/USD is now near the 50 level.

Major Support Level – $1,820

Major resistance level – $1,930

Source link

Increase
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

XRP – Price coil for an outbreak – is the next leg on hands?

2025-05-21

Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

2025-05-21

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21
Add A Comment
Leave A Reply Cancel Reply

Top Posts

What Is DeFi and How Does It Work?

2023-09-06

FTX Founder Sam Bankman-Fried’s Highly-Anticipated Fraud Trial Could Be Delayed: Report

2023-08-31

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

2024-10-28
Editors Picks

8 out of 10 Business Professionals Ready for the Metaverse

2022-10-13

MultiversX Accelerates Blockchain and AI with a $1.5 Million Growth Games Program

2024-12-24

DMarket, Guild of Guardians Heroes continues to lead NFT sales

2024-08-14

IMF Recommends El Salvador to Limit the Scope of the Country’s Bitcoin Law and Limit Public Sector Exposure to BTC

2024-10-07
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Zimbabwe rolls out blockchain-based carbon credit market system

What Is a DEX (Decentralized Exchange)?

🧊 Stay cool, stay onchain with .pengu 🐧

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,407.441.81%
  • ethereumEthereum(ETH)$2,504.32-0.22%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.381.08%
  • binancecoinBNB(BNB)$674.993.79%
  • solanaSolana(SOL)$170.171.60%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2292761.52%
  • cardanoCardano(ADA)$0.762.11%
  • tronTRON(TRX)$0.267174-0.69%
  • suiSui(SUI)$3.87-0.74%
  • chainlinkChainlink(LINK)$15.800.89%
  • avalanche-2Avalanche(AVAX)$22.730.45%
  • hyperliquidHyperliquid(HYPE)$27.887.67%
  • stellarStellar(XLM)$0.2900601.02%
  • shiba-inuShiba Inu(SHIB)$0.0000151.07%
  • hedera-hashgraphHedera(HBAR)$0.1970521.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.29%
  • bitcoin-cashBitcoin Cash(BCH)$402.922.46%
  • the-open-networkToncoin(TON)$3.08-0.21%
  • polkadotPolkadot(DOT)$4.710.73%
  • litecoinLitecoin(LTC)$96.452.57%
  • moneroMonero(XMR)$393.3212.84%
  • bitget-tokenBitget Token(BGB)$5.220.83%
  • piPi(PI)$0.8310.97%
  • pepePepe(PEPE)$0.0000132.38%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$445.107.55%
  • uniswapUniswap(UNI)$6.102.67%
  • aaveAave(AAVE)$247.33-4.53%
  • nearNEAR Protocol(NEAR)$2.810.37%
  • aptosAptos(APT)$5.201.17%
  • okbOKB(OKB)$52.040.19%
  • ondo-financeOndo(ONDO)$0.961.99%
  • kaspaKaspa(KAS)$0.1117021.43%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.425.12%
  • ethereum-classicEthereum Classic(ETC)$18.731.67%
  • internet-computerInternet Computer(ICP)$5.270.37%
  • gatechain-tokenGateToken(GT)$21.650.77%
  • crypto-com-chainCronos(CRO)$0.096673-0.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2395793.20%
  • mantleMantle(MNT)$0.74-1.17%
  • vechainVeChain(VET)$0.0286650.97%
  • render-tokenRender(RENDER)$4.711.55%
  • ethenaEthena(ENA)$0.3962365.51%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • arbitrumArbitrum(ARB)$0.4041202.72%
  • algorandAlgorand(ALGO)$0.2268331.46%
  • filecoinFilecoin(FIL)$2.912.12%
  • bitcoinBitcoin(BTC)$108,407.441.81%
  • ethereumEthereum(ETH)$2,504.32-0.22%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.381.08%
  • binancecoinBNB(BNB)$674.993.79%
  • solanaSolana(SOL)$170.171.60%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2292761.52%
  • cardanoCardano(ADA)$0.762.11%
  • tronTRON(TRX)$0.267174-0.69%
  • suiSui(SUI)$3.87-0.74%
  • chainlinkChainlink(LINK)$15.800.89%
  • avalanche-2Avalanche(AVAX)$22.730.45%
  • hyperliquidHyperliquid(HYPE)$27.887.67%
  • stellarStellar(XLM)$0.2900601.02%
  • shiba-inuShiba Inu(SHIB)$0.0000151.07%
  • hedera-hashgraphHedera(HBAR)$0.1970521.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.29%
  • bitcoin-cashBitcoin Cash(BCH)$402.922.46%
  • the-open-networkToncoin(TON)$3.08-0.21%
  • polkadotPolkadot(DOT)$4.710.73%
  • litecoinLitecoin(LTC)$96.452.57%
  • moneroMonero(XMR)$393.3212.84%
  • bitget-tokenBitget Token(BGB)$5.220.83%
  • piPi(PI)$0.8310.97%
  • pepePepe(PEPE)$0.0000132.38%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$445.107.55%
  • uniswapUniswap(UNI)$6.102.67%
  • aaveAave(AAVE)$247.33-4.53%
  • nearNEAR Protocol(NEAR)$2.810.37%
  • aptosAptos(APT)$5.201.17%
  • okbOKB(OKB)$52.040.19%
  • ondo-financeOndo(ONDO)$0.961.99%
  • kaspaKaspa(KAS)$0.1117021.43%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.425.12%
  • ethereum-classicEthereum Classic(ETC)$18.731.67%
  • internet-computerInternet Computer(ICP)$5.270.37%
  • gatechain-tokenGateToken(GT)$21.650.77%
  • crypto-com-chainCronos(CRO)$0.096673-0.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2395793.20%
  • mantleMantle(MNT)$0.74-1.17%
  • vechainVeChain(VET)$0.0286650.97%
  • render-tokenRender(RENDER)$4.711.55%
  • ethenaEthena(ENA)$0.3962365.51%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • arbitrumArbitrum(ARB)$0.4041202.72%
  • algorandAlgorand(ALGO)$0.2268331.46%
  • filecoinFilecoin(FIL)$2.912.12%