CryptoMediaClub
Thursday, September 11, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Ethereum Struggles for Recovery as Major Price Barriers Remain Unyielding

23.08.2023
A A
0
125
VIEWS
ShareShare

Ethereum (ETH) faces a formidable challenge as it battles to regain its footing above critical price levels. Despite its best efforts, the digital currency is encountering resistance that keeps it from making a significant comeback. The struggle is real, and investors are watching closely to see if Ethereum can overcome the hurdles in its path to recovery.

Ethereum’s Uphill Battle:

Ethereum, the second-largest cryptocurrency by market capitalization, is grappling with a stubborn price barrier hindering its recovery efforts. The coin’s price has been hovering below the $1,680 mark and the crucial 100-hourly Simple Moving Average (SMA), indicating a challenging climb ahead.

Bearish Trend Line and Resistance:

A significant bearish trend line is taking shape on the hourly chart of ETH/USD, provided by Kraken’s data feed. This trend line comes with a resistance zone near $1,665, further intensifying the uphill struggle for Ethereum’s price. This resistant force is a key player in Ethereum’s current price dynamics and potential for future movement.

Critical Support and Potential Decline:

Ethereum is at a crossroads, facing the risk of another decline if it fails to maintain the $1,580 support level. The coin experienced a recent drop below this level, testing the $1,580 mark. The good news is that Ethereum is currently attempting a fresh recovery, with the price moving above the $1,600 level.

Crucial Levels and Retracement:

As Ethereum’s price attempts to climb, it faces pivotal resistance points. The $1,650 level poses a potential barrier, closely aligned with the 61.8% Fibonacci retracement level of the downward move from the $1,693 swing high to the $1,580 low. The $1,665 resistance, the 100-hourly SMA, and the persistent bearish trend line all contribute to the challenge.

The Gateway: $1,700 Zone:

The ultimate prize for Ethereum’s price recovery lies in breaching the $1,700 zone. A successful close above this level could soon set the stage for a significant surge. The next substantial resistance point is approximately $1,750 if this breakthrough occurs. Further gains could even propel the price toward the $1,820 resistance level.

Downside Risk and Support Levels:

However, if Ethereum fails to overcome the $1,665 resistance barrier, another decline might be on the horizon. The first line of defense on the downside is near the $1,600 level. Should this level falter, the $1,580 zone becomes the first major support, followed by the $1,550 level. Deeper losses could take Ethereum’s price down to $1,520 or even usher in a new low beneath $1,500.

Technical Indicators Reflect Bearish Momentum:

The hourly Moving Average Convergence Divergence (MACD) for ETH/USD suggests that bearish momentum is gaining traction. Furthermore, the hourly Relative Strength Index (RSI) has dipped below the critical 50 level, indicating a possible continuation of the bearish sentiment.

Ethereum’s journey to recovery is arduous, filled with resistance levels that demand conquering. The battle between bulls and bears continues, and market observers keenly await Ethereum’s next moves. As the cryptocurrency landscape evolves, only time will reveal whether Ethereum can break free from its current struggles and pave the way for a triumphant resurgence.

The post Ethereum Struggles for Recovery as Major Price Barriers Remain Unyielding appeared first on BitcoinWorld.

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Mysterious Whale Accumulates $3 Billion in Bitcoin: Gemini or BlackRock Involved?

Mysterious Whale Accumulates $3 Billion in Bitcoin: Gemini or BlackRock Involved?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Blockchain Gaming Market to Reach $615 Billion by 2030

Blockchain Gaming Market to Reach $615 Billion by 2030

2 years ago
April Fools’ Jokes Drove Up Digital Asset Quotes

April Fools’ Jokes Drove Up Digital Asset Quotes

1 year ago
Kraken Launches Dedicated Institutional Division, Eyes Bitcoin ETF Market Share

Kraken Launches Dedicated Institutional Division, Eyes Bitcoin ETF Market Share

2 years ago
Decentralized Network for Enterprise-Grade Private Computation Launched

Decentralized Network for Enterprise-Grade Private Computation Launched

3 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Polygon PoS Network Faces 10-15 Minute Transaction Delays Due to Node Bug

6 Major Global Bitcoin Community Gatherings to Take Place in October 2025

SunnyMining Cloud Mining Provides XRP and BTC Investors With Fresh Opportunities

Ripple Enters Spain’s Market Through Partnership With BBVA

Kraken Introduces Tokenized Securities Trading in Europe

Revolut Prepares to Provide Payment Services in UAE

Trending

SOL Price Prediction: SEC Reviews Franklin Spot Solana ETF Amid Whale Accumulation – $250 Next?
All news

SOL Price Prediction: SEC Reviews Franklin Spot Solana ETF Amid Whale Accumulation – $250 Next?

10.09.2025
0

SOL price prediction is turning increasingly bullish as Solana finally broke through its 8-month resistance at $220...

Worldcoin Price Prediction: South Korea’s Largest Exchange Lists WLD – Could This Trigger a Global Breakout?

Worldcoin Price Prediction: South Korea’s Largest Exchange Lists WLD – Could This Trigger a Global Breakout?

10.09.2025
Bitcoin eyes breakout toward ATH as 50bps Fed rate cut odds climb to 17%

Bitcoin eyes breakout toward ATH as 50bps Fed rate cut odds climb to 17%

10.09.2025
Polygon PoS Network Faces 10-15 Minute Transaction Delays Due to Node Bug

Polygon PoS Network Faces 10-15 Minute Transaction Delays Due to Node Bug

10.09.2025
6 Major Global Bitcoin Community Gatherings to Take Place in October 2025

6 Major Global Bitcoin Community Gatherings to Take Place in October 2025

10.09.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz