• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03

🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

2025-07-02

Crypto firms paid $2.7M monthly to North Korean workers

2025-07-02

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • 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 Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02

    A Full Comparison of Layer 2 Solutions

    2025-07-02

    What are Optimistic Rollups? How They Work and Why They Matter

    2025-07-01

    What Are ZK Rollups? How They Work and Why They Matter

    2025-07-01

    A Step-by-Step Guide for Beginners

    2025-06-20
  • Videos

    How To Get Rekt Buying Bitcoin Treasury Companies

    2025-07-03

    🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

    2025-07-02

    Bitcoin To $1M? Here’s WHY!

    2025-07-02

    🚀 BTC BOOMING: BlackRock $4B 🏦 | Dollar Crash w OTC 📉 | ETFs EXPLODE 💥

    2025-07-02

    Bitcoin Is Nearing Breakout Zone

    2025-07-02
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Can Bulls Save The Day?
Analysis

Can Bulls Save The Day?

2023-09-25No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price dropped further below $1,600 against the US Dollar. ETH is in the red zone and might dive toward the $1,500 support zone.

  • Ethereum is gaining pace below the $1,600 support zone.
  • The price is trading below $1,600 and the 100-hourly Simple Moving Average.
  • There is a key bearish trend line forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is struggling and might dive further toward the $1,500 support in the short term.

Ethereum Price Extends Losses

Ethereum’s price remained in a bearish zone below the $1,660 and $1,670 resistance levels. ETH declined below the $1,600 support level to move further enter a bearish zone, like Bitcoin.

The price even declined below the $1,580 level and settled below the 100-hourly Simple Moving Average. A low was formed near $1,571 and the price is now consolidating losses. The price is testing the 23.6% Fib retracement level of the recent decline from the $1,600 swing high to the $1,571 low.

Ether is now trading below $1,580 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,600 on the hourly chart of ETH/USD.

On the upside, the price might face resistance near the $1,590 level. It is close to the 61.8% Fib retracement level of the recent decline from the $1,600 swing high to the $1,571 low. The next major resistance is near $1,600 and the trend line.

Ethereum Price

Source: ETHUSD on TradingView.com

The main hurdle is now forming near $1,620. A close above the $1,620 resistance might send the price toward the $1,650 resistance. If the bulls pump Ethereum above $1,650, the price could rise toward $1,720. Any more gains might open the doors for a move toward $1,820.

See also  Bitcoin Bulls Keep Pushing, Why BTC Could Soon Attempt To Surpass $31K

More Losses in ETH?

If Ethereum fails to clear the $1,600 resistance, it could start another decline. Initial support on the downside is near the $1,570 level.

The next key support is $1,540. A downside break below $1,540 might push the price further into a bearish zone. In the stated case, there could be a drop toward the $1,500 level.

Technical Indicators

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

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

Major Support Level – $1,570

Major Resistance Level – $1,600

Bulls Day save
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoins Are Here to Save the Day 😂

2025-06-25

My Last Day at Bitcoin 2025 Conference

2025-05-31

🟠 Bitcoin Conference 2025 | Top Moments from Day 1 & 2 🧨

2025-05-28

The Great Bitcoin Debate is On | Bitcoin Conference Day 1

2025-05-27
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Ankr Enhances Blockchain Project Management with Launch of Team Accounts for RPC Service

2024-01-31

Ankr, a prominent blockchain infrastructure solutions provider, unveiled Team Accounts today. This robust new feature…

Videos

🔴Tech Giants Adopt Crypto | This Week in Crypto – Aug 14, 2023

2023-08-14

Here’s what happened this week in Crypto. For the complete stories visit: https://bit.ly/3DRDjYn 00:19 PayPal…

Bitcoin

Move over gold, smell the Bitcoin? Here’s what ChatGPT says…

2023-04-17

Disclaimer: The article is simply speculative and should not be taken as investment advice. Let’s…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03

🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

2025-07-02

Crypto firms paid $2.7M monthly to North Korean workers

2025-07-02

Bitcoin To $1M? Here’s WHY!

2025-07-02
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

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

bitcoin
Bitcoin (BTC) $ 109,250.27
ethereum
Ethereum (ETH) $ 2,576.72
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.24
bnb
BNB (BNB) $ 661.12
solana
Solana (SOL) $ 151.39
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286583
dogecoin
Dogecoin (DOGE) $ 0.1707
staked-ether
Lido Staked Ether (STETH) $ 2,576.01
bitcoin
Bitcoin (BTC) $ 109,250.27
ethereum
Ethereum (ETH) $ 2,576.72
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.24
bnb
BNB (BNB) $ 661.12
solana
Solana (SOL) $ 151.39
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286583
dogecoin
Dogecoin (DOGE) $ 0.1707
staked-ether
Lido Staked Ether (STETH) $ 2,576.01