{"id":112511,"date":"2021-02-12T06:15:33","date_gmt":"2021-02-12T06:15:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112511"},"modified":"2021-02-12T06:15:33","modified_gmt":"2021-02-12T06:15:33","slug":"ta-ethereum-stuck-below-1825-why-100-sma-holds-the-key","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ta-ethereum-stuck-below-1825-why-100-sma-holds-the-key\/","title":{"rendered":"TA: Ethereum Stuck Below $1,825, Why 100 SMA Holds The Key"},"content":{"rendered":"<p><em>Ethereum is facing a strong resistance near the $1,825 and $1,830 levels against the US Dollar. ETH price is likely to remain stable above the 100 hourly SMA or $1,680 in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum seems to be struggling to clear the $1,825 and $1,830 resistance levels.<\/li>\n<li>The price is now trading well below $1,800, but it is above the 100 hourly simple moving average.<\/li>\n<li>There is a major bullish trend line forming with support near $1,755 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is likely to remain in a range above the $1,700 support zone or $1,650 in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Facing Hurdles<\/h2>\n<p>Ethereum made another attempt to clear the $1,825 resistance level, but it failed. ETH formed a high near the $1,818 level and recently started a fresh decline.<\/p>\n<p>Conversely, bitcoin price was able to clear the $48,000 level and it even traded to a new all-time high near $48,680. Ether price is now trading well below the $1,800 level, but it is above the 100 hourly simple moving average.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/02\/Ethereum-10.png\"><\/p>\n<p>Source: ETHUSD on TradingView.com<\/p>\n<p>It traded below the 23.6% Fib retracement level of the recent wave from the $1,682 swing low to $1,818 high. An immediate support is near the $1,750 level. There is also a major bullish trend line forming with support near $1,755 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price is facing many hurdles, starting with $1,800. The next major resistance is near the $1,825 level. A close above the $1,825 level and a follow up move above the $1,830 level could initiate a strong increase in the coming sessions. In the stated case, the price may perhaps rise towards the $1,880 level.<\/p>\n<h2>Dips Supported in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,800 and $1,825 resistance levels, it could continue to move down. On the downside, the first major support is near the $1,750 level and the trend line.<\/p>\n<p>The main support is near the $1,735 zone and the 100 hourly simple moving average. It is close to the 61.8% Fib retracement level of the recent wave from the $1,682 swing low to $1,818 high. A close below the 100 hourly SMA may possibly push the price towards the $1,680 support or even $1,650.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> &ndash; <\/strong>The MACD for ETH\/USD is slowly gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &ndash; <\/strong>The RSI for ETH\/USD is just below the 50 level.<\/p>\n<p>Major Support Level &ndash; $1,735<\/p>\n<p>Major Resistance Level &ndash; $1,800<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-stuck-below-1825\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is facing a strong resistance near<\/p>\n","protected":false},"author":3,"featured_media":112510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TA: Ethereum Stuck Below $1,825, Why 100 SMA Holds The Key - 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