Ethereum price is trading above the $1,875 support zone against the US Dollar. ETH could start a decent increase if it clears the $1,915 resistance zone.

• Ethereum is consolidating above the $1,875 level.
• The price is trading below $1,920 and the 100-hourly Simple Moving Average.
• There is a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a steady increase if it clears the $1,915 and $1,940 resistance levels.

Ethereum Price Holds Support

Ethereum’s price remained stable above the $1,875 support zone. ETH bulls seem to be active above the $1,875 level and protecting more losses, similar to Bitcoin.

The price was able to recover a few points above the $1,890 level. However, the bears are active near the $1,900 pivot level. There is also a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD.

Ether is now trading below $1,920 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,910 level and the trend line. It is close to the 23.6% Fib retracement level downward move from the $2,027 swing high to the $1,875 low.

The first major resistance is near the $1,945 level or the 50% Fib retracement level downward move from the $2,027 swing high to the $1,875 low, above which the price could start a steady increase.

Source: ETHUSD on TradingView.com

The next major resistance is near the $2,030 level. Any more gains could send Ether toward the $2,120 resistance in the near term.

More Losses in ETH?

If Ethereum fails to clear the $1,915 resistance, it could start a fresh decline. Initial support on the downside is near the $1,885 level.

The first major support is near the $1,875 level, below which the price accelerate lower. The next major support is near the $1,825 support level. If the bulls fail to protect the $1,825 support, there could be a drop to $1,770. Any more losses could open the doors for a move toward the $1,720 support level in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

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

Major Support Level – $1,875

Major Resistance Level – $1,915

Cardano’s price started a fresh decline from the $0.415 resistance. ADA could decline further if there is a clear move below the $0.38 support.

• ADA price is struggling to gain pace above $0.40 and $0.415 against the US dollar.
• The price is trading below $0.400 and the 100 simple moving average (4 hours).
• There is a major bearish trend line forming with resistance near $0.398 on the 4-hour chart of the ADA/USD pair (data source from Kraken).
• The pair could start a decent increase if it clears the $0.400 resistance zone.

Cardano’s ADA Price Faces Resistance

This past week, Cardano’s price made a couple of attempts to clear the $0.415 resistance. However, the bulls struggled to gain strength for a sustained move above $0.415.

As a result, there was a fresh decline toward the $0.38 support. A low is formed near $0.3800 and the price is showing a few bearish signs, similar to Bitcoin and Ethereum. It is now trading below $0.400 and the 100 simple moving average (4 hours).

On the upside, immediate resistance is near the $0.398 zone. There is also a major bearish trend line forming with resistance near $0.398 on the 4-hour chart of the ADA/USD pair.

The trend line is close to the 50% Fib retracement level of the recent drop from the $0.4149 swing high to the 0.3800 low. The next major resistance is forming near the $0.400 zone or the 100 simple moving average (4 hours).

The 61.8% Fib retracement level of the recent drop from the $0.4149 swing high to the 0.3800 low is also near $0.4015. If there is an upside break above the $0.402 and $0.405 resistance levels, the price could start a decent increase.

Source: ADAUSD on TradingView.com

In the stated case, the price could even surpass the $0.415 resistance zone. The next key resistance might be $0.432, above which it could test $0.45.

More Losses?

If Cardano’s price fails to climb above the $0.400 and $0.415 resistance levels, it could continue to move down. Immediate support on the downside is near the $0.380 level.

The next major support is near the $0.365 level. A downside break below the $0.365 level could open the doors for a fresh decline toward $0.350. The next major support is near the $0.325 level.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.380, $0.365, and $0.350.

Major Resistance Levels – $0.400, $0.415, and $0.432.

Bitcoin extended losses below the $22,650 support against the US Dollar. BTC is attempting another recovery and might face hurdles near $23,100.

• Bitcoin remained in a bearish zone and extended losses below the $23,500 level.
• The price is now trading below the $23,000 level and the 100 hourly simple moving average.
• There was a break above a short-term bearish trend line with resistance near $22,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair must clear the $23,100 resistance to start a steady increase in the near term.

Bitcoin Price Faces Resistance

Bitcoin price started a fresh decline after it faced sellers near the $23,570 level. The price gained bearish momentum after it broke the $23,000 support zone.

It even traded below the $22,800 level and the 100 hourly simple moving average. Finally, there was a spike below the $22,650 level. However, downsides were limited and the price traded as low as $22,400. The price started a fresh recovery wave above the $22,800 resistance zone.

Bitcoin cleared the 23.6% Fib retracement level of the downward move from the $23,570 swing high to $22,400 low. Besides, there was a break above a short-term bearish trend line with resistance near $22,850 on the hourly chart of the BTC/USD pair.

It is now trading below the $23,000 level and the 100 hourly simple moving average. On the upside, bitcoin price is facing resistance near the $23,000 level and the 100 hourly SMA.

Source: BTCUSD on TradingView.com

The 50% Fib retracement level of the downward move from the $23,570 swing high to $22,400 low is also near the $23,000 zone. The next key resistance is near the $23,300 zone. A close above the $23,500 resistance zone could start a steady increase. In the stated case, the price may perhaps rise clear the $23,500 resistance.

More Losses in BTC?

If bitcoin fails to clear the $23,000 resistance zone and the 100 hourly SMA, it could continue to move down. An immediate support on the downside is near the $22,800 level.

The next major support now sits near the $22,400 level. A close below the $22,400 level might start a move towards $22,000. Any more losses might send the price towards $21,200 level.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $22,800, followed by $22,400.

Major Resistance Levels – $23,000, $23,300 and $24,500.