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

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

Top analyst reveals 5 altcoins with a big advantage

2025-05-19

Interlink and Blazpay Partner to improve the user experience in Web3 with AI

2025-05-19
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

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18
  • NFT

    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

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • 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

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17
  • Learn

    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

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Ethereum price lacks momentum above USD 1,660, ETH holders are safe: here’s why
Analysis

Ethereum price lacks momentum above USD 1,660, ETH holders are safe: here’s why

2023-09-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is still struggling to rise faster above USD 1,670 and USD 1,680 against the US dollar. ETH needs to stay above $1,620 to start a new increase.

  • Ethereum struggled to clear the USD 1,660 resistance.
  • The price is trading above USD 1,635 and the 100-hourly Simple Moving Average.
  • A major contracting triangle is forming with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair needs to remain above the $1,620 support zone for renewed upside in the near term.

Ethereum price faces a major hurdle

Ethereum price remained well supported above the $1,620 zone. ETH again climbed above the USD 1,650 resistance but, unlike Bitcoin, struggled to clear USD 1,660.

The price made two attempts to gain strength above $1,660 but failed. A high was formed near USD 1,660 and the price started a downward correction. There was a move below the USD 1,650 level. The price fell below the 50% Fib retracement level of the recent rise from the $1,627 swing low to the $1,660 high.

Ether is now trading above $1,635 and the 100-hour Simple Moving Average. It also holds the 76.4% Fib retracement level of the recent rise from the $1,627 swing low to the $1,660 high.

On the upside, the price could encounter resistance near the USD 1,650 level. There is also a major contracting triangle forming with resistance near $1,650 on the hourly chart of ETH/USD. The next resistance is near the $1,660 level. The main resistance is now forming around $1,670.

Ethereum price

Source: ETHUSD on TradingView.com

See also  Altseason can no longer rely on Bitcoin (BTC) capital rotation, says CryptoQuant CEO – here's why

A close above the USD 1,670 resistance could send the price towards the USD 1,750 resistance. The next major hurdle is near the USD 1,820 level. A close above the $1,820 level could send Ethereum further higher towards $1,950 in the coming days.

Disadvantage Break in ETH?

If Ethereum fails to clear the USD 1,660 resistance, it could trigger another decline. Initial downside support is near the $1,635 level and the 100-hourly Simple Moving Average.

The first major support is close to $1,620. The next major support is at USD 1,600. A clear move below $1,600 could increase selling pressure. In the mentioned case, the price could even drop to the $1,540 level in the short term.

Technical indicators

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

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

Major support level – $1,620

Major resistance level – $1,660

Source link

ETH Ethereum Heres holders lacks Momentum Price Safe USD
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19
Add A Comment

Comments are closed.

Top Posts

CFTC investigates Crypto.com and Kalshi for Super Bowl -Event contracts

2025-02-05

Bitcoin Price Rebounds, but Can BTC Bulls Gain Strength Again?

2024-01-27

Bitcoin Open Interest Has Dropped Significantly – Investor Warnings During US Election Week?

2024-11-04
Editors Picks

ChainGPT and OKX’s X Layer are working together to improve AI NFT generation

2024-06-20

Optimism (OP) breaks out after 150 days: is a rally to $3 next?

2024-11-27

Upcoming Drops: June 26 – July 2

2023-06-26

Who is the top dog? The 7 Most Expensive Meme NFTs Ever Sold

2024-03-24
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

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

Top analyst reveals 5 altcoins with a big advantage

Interlink and Blazpay Partner to improve the user experience in Web3 with AI

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)$102,988.78-0.83%
  • ethereumEthereum(ETH)$2,402.82-3.99%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.31-3.41%
  • binancecoinBNB(BNB)$640.15-0.83%
  • solanaSolana(SOL)$161.13-5.73%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216929-2.39%
  • cardanoCardano(ADA)$0.72-4.63%
  • tronTRON(TRX)$0.262510-3.52%
  • suiSui(SUI)$3.66-4.51%
  • chainlinkChainlink(LINK)$15.19-3.07%
  • avalanche-2Avalanche(AVAX)$21.62-5.98%
  • stellarStellar(XLM)$0.280009-3.52%
  • hyperliquidHyperliquid(HYPE)$25.37-4.66%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.34%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.94%
  • hedera-hashgraphHedera(HBAR)$0.186842-3.68%
  • bitcoin-cashBitcoin Cash(BCH)$382.91-4.21%
  • the-open-networkToncoin(TON)$2.98-3.81%
  • litecoinLitecoin(LTC)$95.29-3.13%
  • polkadotPolkadot(DOT)$4.49-5.37%
  • moneroMonero(XMR)$345.491.56%
  • bitget-tokenBitget Token(BGB)$5.16-1.44%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000013-3.92%
  • piPi(PI)$0.72-2.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.74-3.11%
  • bittensorBittensor(TAO)$392.40-7.10%
  • aaveAave(AAVE)$220.56-1.97%
  • nearNEAR Protocol(NEAR)$2.67-3.27%
  • aptosAptos(APT)$4.97-4.25%
  • okbOKB(OKB)$51.97-2.24%
  • ondo-financeOndo(ONDO)$0.89-4.65%
  • kaspaKaspa(KAS)$0.104404-6.15%
  • ethereum-classicEthereum Classic(ETC)$17.72-3.84%
  • internet-computerInternet Computer(ICP)$5.04-4.05%
  • gatechain-tokenGateToken(GT)$21.35-1.00%
  • crypto-com-chainCronos(CRO)$0.094380-4.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.46-3.81%
  • mantleMantle(MNT)$0.73-1.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230757-2.95%
  • vechainVeChain(VET)$0.027143-4.47%
  • render-tokenRender(RENDER)$4.39-5.44%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • ethenaEthena(ENA)$0.350087-7.01%
  • filecoinFilecoin(FIL)$2.77-3.48%
  • algorandAlgorand(ALGO)$0.213570-4.01%
  • cosmosCosmos(ATOM)$4.63-3.39%
  • bitcoinBitcoin(BTC)$102,988.78-0.83%
  • ethereumEthereum(ETH)$2,402.82-3.99%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.31-3.41%
  • binancecoinBNB(BNB)$640.15-0.83%
  • solanaSolana(SOL)$161.13-5.73%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216929-2.39%
  • cardanoCardano(ADA)$0.72-4.63%
  • tronTRON(TRX)$0.262510-3.52%
  • suiSui(SUI)$3.66-4.51%
  • chainlinkChainlink(LINK)$15.19-3.07%
  • avalanche-2Avalanche(AVAX)$21.62-5.98%
  • stellarStellar(XLM)$0.280009-3.52%
  • hyperliquidHyperliquid(HYPE)$25.37-4.66%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.34%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.94%
  • hedera-hashgraphHedera(HBAR)$0.186842-3.68%
  • bitcoin-cashBitcoin Cash(BCH)$382.91-4.21%
  • the-open-networkToncoin(TON)$2.98-3.81%
  • litecoinLitecoin(LTC)$95.29-3.13%
  • polkadotPolkadot(DOT)$4.49-5.37%
  • moneroMonero(XMR)$345.491.56%
  • bitget-tokenBitget Token(BGB)$5.16-1.44%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000013-3.92%
  • piPi(PI)$0.72-2.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.74-3.11%
  • bittensorBittensor(TAO)$392.40-7.10%
  • aaveAave(AAVE)$220.56-1.97%
  • nearNEAR Protocol(NEAR)$2.67-3.27%
  • aptosAptos(APT)$4.97-4.25%
  • okbOKB(OKB)$51.97-2.24%
  • ondo-financeOndo(ONDO)$0.89-4.65%
  • kaspaKaspa(KAS)$0.104404-6.15%
  • ethereum-classicEthereum Classic(ETC)$17.72-3.84%
  • internet-computerInternet Computer(ICP)$5.04-4.05%
  • gatechain-tokenGateToken(GT)$21.35-1.00%
  • crypto-com-chainCronos(CRO)$0.094380-4.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.46-3.81%
  • mantleMantle(MNT)$0.73-1.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230757-2.95%
  • vechainVeChain(VET)$0.027143-4.47%
  • render-tokenRender(RENDER)$4.39-5.44%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • ethenaEthena(ENA)$0.350087-7.01%
  • filecoinFilecoin(FIL)$2.77-3.48%
  • algorandAlgorand(ALGO)$0.213570-4.01%
  • cosmosCosmos(ATOM)$4.63-3.39%