Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Is an Ethereum price rebound at risk? Decoding the key obstacles to new growth
EXCHANGE NEWS

Is an Ethereum price rebound at risk? Decoding the key obstacles to new growth

By Crypto FlexsNovember 28, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is an Ethereum price rebound at risk?  Decoding the key obstacles to new growth
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price started a new rise from the $1,900 support. ETH currently faces resistance near $2,020 and could rise above that.

  • Ethereum found support near $1,900 and began a significant increase.
  • The price is trading above $1,980 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,020.
  • A break out of the $2,020 resistance area could start a strong rally for the currency pair.

Ethereum Price Faces Hurdles

Last week, Ethereum price began a downward correction from the $2,120 resistance. ETH fell below the $2,020 and $2,000 support levels. It also surged below the support level of $1,920.

A low was formed near $1,905 and the price began a steady rise like Bitcoin. There was a move above the $1,950 and $1,980 resistance levels. The uptrend pushed the price above the 50% Fib retracement level moving downward from the $2,092 swing high to the $1,905 low.

Ethereum is currently trading above $1,980 and the 100-hour simple moving average. On the other hand, the price is finding resistance near $2,020.

Additionally, on the hourly chart of ETH/USD, there is a major bearish trend line forming with resistance near $2,020. The trend line is near the 61.8% Fib retracement level moving down from the $2,092 swing high to the $1,905 low.

Source: ETHUSD on TradingView.com

A break above the $2,020 resistance could begin another strong rally. The next resistance level is near $2,090, if it breaks above it could target an advance towards the $2,120 level. Any more gains could start a wave towards the $2,200 level.

Another decline in ETH?

If Ethereum fails to clear the $2,020 resistance, a new downtrend could begin. Initial support on the downside is near the $1,980 level and the 100-hourly simple moving average.

The next major support is at $1,950. The main assistance amount is $1,900. A decline below the $1,900 support could result in further losses. If indicated, Ethereum may decline towards the $1,850 support area in the near term. Any more losses could lead to a drop to the $1,800 level.

technical indicators

Hourly MACD – ETH/USD MACD is losing momentum in the bullish zone.

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

Key Support Level – $1,950

Key Resistance Level – $2,020

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee Price Eye $ 3K milestone -Momentum is built as the buyer returns.

June 11, 2025

Bitcoin prices rise again. Are Bulls charging for the new high?

June 10, 2025

The XRP price is optimistic for more than $ 2, and this falling channel is $ 3.8.

June 9, 2025
Add A Comment

Comments are closed.

Recent Posts

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025

Portfolio construction for Q3: The reason for combining chainlink (link) and pol (EX-MATIC) can be a victory strategy.

June 13, 2025

Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption

June 12, 2025

​Bitpanda Opens The Gate To Web3 With Vision (VSN)

June 12, 2025

New USDT/USDC Stablecoin Mining Platform Launches — Secure, Flexible, And High-Yield DeFi Opportunity

June 12, 2025

SEC Approves Ethereum ETF, Will XRP And DOGE Be The Next Tipping Point? Is Cloud Computing The Next Investment Holy Grail?

June 12, 2025

Bank of America’s eyes among the Senate’s fast tracking genius acts

June 12, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

Ether surpasses Bitcoin in May. ETH derivatives volume surpasses BTC in OKX.

June 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025
Most Popular

Bitfarms implements shareholder rights plan amid hostile takeover attempt by Riot platform

June 10, 2024

ERC-404 and the evolution of NFTs toward standardization and accessibility

May 4, 2024

Polygon Labs CEO sees Layer 3 like the new Degen Chain as a risk to Ethereum.

April 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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