Ethereum Price Indicators Signal Extended Correction To $1,790

Jun 28, 2023 04:00 am Cryptocurrency 106

Ethereum price is slowly moving lower from the $1,920 resistance against the US Dollar. ETH could extend its decline toward the $1,790 support.

Ethereum is still struggling to surpass the $1,920 resistance.

The price is trading below $1,900 and the 100-hourly Simple Moving Average.

There was a break below a key bullish trend line with support near $1,885 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could decline further toward the $1,790 support in the coming sessions.

Ethereum Price Stuck In A Range

Ethereum’s price attempted another upside break above the key $1,920 resistance zone. ETH failed to gain bullish momentum for a close above the $1,920 level, similar to Bitcoin.

A high is formed near $1,912 and the price is now moving lower. There was a break below the $1,900 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,838 low to th ..

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