Ethereum Price Lacks Momentum Above $1,660, ETH Holders Are Safe: Here's Why


20 Sep 2023 3:25 AM

Ethereum price is still struggling to gain pace above $1,670 and $1,680 against the US Dollar. ETH must stay above $1,620 to start another increase....

  • Ethereum price is struggling to break above the $1,670 and $1,680 resistance levels against the US Dollar.
  • The price needs to stay above $1,620 to initiate another increase.
  • A key contracting triangle is forming with resistance near $1,650 on the hourly chart.
  • If Ethereum fails to clear the $1,660 resistance, it could start another decline.
  • The major support level is at $1,620 and the major resistance level is at $1,660.

The sentiment of the article is neutral. It highlights the struggle of Ethereum to break resistance levels and the possibility of a decline if it fails to do so. However, it also mentions the potential for an increase if certain conditions are met.

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You May Ask

What are the key resistance levels for Ethereum's price?What is the support level that Ethereum must stay above?What technical indicators are being used to analyze Ethereum's price?What is the potential price target if Ethereum breaks above the resistance levels?What is the downside scenario for Ethereum if it fails to clear the resistance?

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