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

Ripple CEO warns that we are falling back without the regulation of the stablecoin

2025-05-09

What are Babydoge -Properties?

2025-05-09

Bitcoin again crosses $ 100k and the market asks- is the rally real this time?

2025-05-09
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

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09

    Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

    2025-05-09

    Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

    2025-05-08

    Solana’s software supports these Layer-1’s

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • 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 whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09

    BNB Price objectives $ 650 in the midst of renewed market optimism

    2025-05-09

    Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

    2025-05-08

    Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

    2025-05-08

    Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Ethereum Price Key Indicators Suggest Rising Selling Interest Below $1,700
Analysis

Ethereum Price Key Indicators Suggest Rising Selling Interest Below $1,700

2023-08-22No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is struggling to recover above the $1,700 resistance against the US Dollar. ETH could start a fresh decline if it stays below $1,700 and $1,720.

  • Ethereum is struggling to recover above the $1,700 and $1,720 levels.
  • The price is trading below $1,700 and the 100-hourly Simple Moving Average.
  • There is a key bearish trend line forming with resistance near $1,680 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start another decline if it stays below the $1,700 level in the near term.

Ethereum Price Consolidates Below $1,700

Ethereum’s price started a recovery wave from the $1,520 zone. ETH managed to recover above the $1,550 and $1,580 levels, similar to Bitcoin.

However, the price is struggling to recover above the $1,700 and $1,720 levels. It is now moving lower and trading below the 23.6% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high. There is also a key bearish trend line forming with resistance near $1,680 on the hourly chart of ETH/USD.

Ether is now trading below $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,680 level and the trend line.

Ethereum Price

Source: ETHUSD on TradingView.com

The next resistance is near $1,690 or the 100-hourly Simple Moving Average. The first major resistance is forming near $1,700 and $1,720. A close above the $1,720 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance or even $1,880 in the coming days.

See also  Election day is here. Here's what it means for crypto

Another Drop in ETH?

If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,620 level or the 50% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high.

The first major support is near the $1,600 zone. If there is a downside break below $1,600, there could be more losses. The next major support is near the $1,565 support level. Any more losses might send the price toward the $1,520 level in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

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

Major Support Level – $1,600

Major Resistance Level – $1,700

Source link

Ethereum Indicators Interest Key Price Rising Selling Suggest
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

2025-05-09

BNB Price objectives $ 650 in the midst of renewed market optimism

2025-05-09

Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

2025-05-09

Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

2025-05-08
Add A Comment

Comments are closed.

Top Posts

Coti Mainstet welcomes the private, real -time oracles from Band Protocol

2025-04-12

MagicBlock open source a16z supported ‘ephemeral rollup’ technology

2024-12-14

Bitcoin Price Eyes New Gains: Can Bulls Break Through?

2025-01-02
Editors Picks

Experienced Trader Says Bitcoin Is “Very, Very Clearly” Taking the Path of Extensive Bull Market – Here’s His Prospect

2023-05-21

French police use Crypto Twitter sleuth’s research to catch scammers

2022-10-15

Victory Announces Partnership with Fireblocks to Enhance Digital Asset Functionality

2024-10-25

BonklerNFT soars with a 120.3% increase to hit an all-time high of 32.8 ETH

2023-05-19
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

Ripple CEO warns that we are falling back without the regulation of the stablecoin

What are Babydoge -Properties?

Bitcoin again crosses $ 100k and the market asks- is the rally real this time?

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)$103,028.453.47%
  • ethereumEthereum(ETH)$2,338.4319.71%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.408.57%
  • binancecoinBNB(BNB)$636.893.76%
  • solanaSolana(SOL)$172.8812.18%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.20782713.53%
  • cardanoCardano(ADA)$0.7910.54%
  • tronTRON(TRX)$0.2640575.25%
  • suiSui(SUI)$3.986.14%
  • chainlinkChainlink(LINK)$16.259.35%
  • avalanche-2Avalanche(AVAX)$23.5612.58%
  • stellarStellar(XLM)$0.30157110.20%
  • shiba-inuShiba Inu(SHIB)$0.00001513.19%
  • hedera-hashgraphHedera(HBAR)$0.2016418.55%
  • hyperliquidHyperliquid(HYPE)$25.1516.35%
  • bitcoin-cashBitcoin Cash(BCH)$415.240.12%
  • the-open-networkToncoin(TON)$3.285.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-0.60%
  • litecoinLitecoin(LTC)$98.306.80%
  • polkadotPolkadot(DOT)$4.6910.31%
  • moneroMonero(XMR)$303.752.05%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.00001339.98%
  • bitget-tokenBitget Token(BGB)$4.493.47%
  • piPi(PI)$0.7419.88%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.3521.44%
  • bittensorBittensor(TAO)$429.627.03%
  • nearNEAR Protocol(NEAR)$2.9217.18%
  • aptosAptos(APT)$5.6911.99%
  • ondo-financeOndo(ONDO)$1.0311.50%
  • okbOKB(OKB)$54.124.76%
  • aaveAave(AAVE)$209.1211.44%
  • ethereum-classicEthereum Classic(ETC)$19.1010.51%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2217.19%
  • internet-computerInternet Computer(ICP)$5.298.83%
  • gatechain-tokenGateToken(GT)$22.012.62%
  • kaspaKaspa(KAS)$0.1030157.49%
  • crypto-com-chainCronos(CRO)$0.1009886.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25609411.56%
  • mantleMantle(MNT)$0.775.15%
  • render-tokenRender(RENDER)$4.989.66%
  • vechainVeChain(VET)$0.02959111.19%
  • ethenaEthena(ENA)$0.37598922.29%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8617.20%
  • algorandAlgorand(ALGO)$0.23531511.20%
  • filecoinFilecoin(FIL)$3.029.97%
  • bitcoinBitcoin(BTC)$103,028.453.47%
  • ethereumEthereum(ETH)$2,338.4319.71%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.408.57%
  • binancecoinBNB(BNB)$636.893.76%
  • solanaSolana(SOL)$172.8812.18%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.20782713.53%
  • cardanoCardano(ADA)$0.7910.54%
  • tronTRON(TRX)$0.2640575.25%
  • suiSui(SUI)$3.986.14%
  • chainlinkChainlink(LINK)$16.259.35%
  • avalanche-2Avalanche(AVAX)$23.5612.58%
  • stellarStellar(XLM)$0.30157110.20%
  • shiba-inuShiba Inu(SHIB)$0.00001513.19%
  • hedera-hashgraphHedera(HBAR)$0.2016418.55%
  • hyperliquidHyperliquid(HYPE)$25.1516.35%
  • bitcoin-cashBitcoin Cash(BCH)$415.240.12%
  • the-open-networkToncoin(TON)$3.285.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-0.60%
  • litecoinLitecoin(LTC)$98.306.80%
  • polkadotPolkadot(DOT)$4.6910.31%
  • moneroMonero(XMR)$303.752.05%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.00001339.98%
  • bitget-tokenBitget Token(BGB)$4.493.47%
  • piPi(PI)$0.7419.88%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.3521.44%
  • bittensorBittensor(TAO)$429.627.03%
  • nearNEAR Protocol(NEAR)$2.9217.18%
  • aptosAptos(APT)$5.6911.99%
  • ondo-financeOndo(ONDO)$1.0311.50%
  • okbOKB(OKB)$54.124.76%
  • aaveAave(AAVE)$209.1211.44%
  • ethereum-classicEthereum Classic(ETC)$19.1010.51%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2217.19%
  • internet-computerInternet Computer(ICP)$5.298.83%
  • gatechain-tokenGateToken(GT)$22.012.62%
  • kaspaKaspa(KAS)$0.1030157.49%
  • crypto-com-chainCronos(CRO)$0.1009886.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25609411.56%
  • mantleMantle(MNT)$0.775.15%
  • render-tokenRender(RENDER)$4.989.66%
  • vechainVeChain(VET)$0.02959111.19%
  • ethenaEthena(ENA)$0.37598922.29%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8617.20%
  • algorandAlgorand(ALGO)$0.23531511.20%
  • filecoinFilecoin(FIL)$3.029.97%