Ethereum Price Faces Another Rejection – Can Bulls Save The Day?
NewsBTC
19 Sep 2023 4:35 AM
Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar. ETH trimmed gains and now consolidating near the $1,630 zone....
- Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar.
- There was a break above a key bearish trend line with resistance near $1,628.
- The price is trading above $1,630 and the 100-hourly Simple Moving Average.
- The pair must stay above the $1,620 support zone to start a fresh increase in the short term.
- If Ethereum fails to clear the $1,650 resistance, it could start another decline.
- Initial support on the downside is near the $1,630 level and the 100-hourly Simple Moving Average.
- The next resistance is near the $1,670 level, with the next major hurdle at $1,750.
The sentiment of the article is neutral, with a focus on the price movements and technical analysis of Ethereum.