{"id":178514,"date":"2026-06-11T03:58:22","date_gmt":"2026-06-11T03:58:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=178514"},"modified":"2026-06-11T03:58:22","modified_gmt":"2026-06-11T03:58:22","slug":"ethereum-price-could-spark-a-fresh-upswing-while-above-1550","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=178514","title":{"rendered":"Ethereum Price Could Spark A Fresh Upswing While Above $1,550"},"content":{"rendered":"

Ethereum price started a downside correction below $1,665. ETH must clear the $1,650 and $1,720 resistance levels to continue higher.<\/em><\/p>\n

Ethereum started a downside correction below the $1,650 zone.
\nThe price is trading below $1,650 and the 100-hourly Simple Moving Average.
\nThere is a declining channel forming with resistance at $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $1,720 zone.<\/p>\n

Ethereum Price Holds Support<\/h2>\n

Ethereum price failed to stay above the $1,680 zone and extended its decline, like Bitcoin. ETH price gained pace for a move below the $1,665 and $1,650 levels.<\/p>\n

The price even tested the 50% Fib retracement level of the upward move from the $1,505 swing low to the $1,720 swing high. However, the bulls were active near the $1,610 level. Besides, there is a declining channel forming with resistance at $1,640 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $1,650 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $1,610, the price could attempt another increase.<\/p>\n

<\/a><\/p>\n

Immediate resistance is seen near the $1,650 level. The first key resistance is near the $1,665 level. The next major resistance is near the $1,680 level. A clear move above the $1,680 resistance might send the price toward the $1,720 resistance. An upside break above the $1,720 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,780 resistance zone or even $1,800 in the near term.<\/p>\n

Downside Continuation In ETH?<\/h2>\n

If Ethereum fails to clear the $1,650 resistance, it could start a fresh decline. Initial support on the downside is near the $1,610 level. The first major support sits near the $1,590 zone or the 61.8% Fib retracement level of the upward move from the $1,505 swing low to the $1,720 swing high.<\/p>\n

A clear move below the $1,590 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 region. The main support could be $1,500.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n

Major Support Level \u2013 $1,610<\/p>\n

Major Resistance Level \u2013 $1,665<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction below $1,665. ETH must clear the $1,650 and $1,720 resistance levels to continue higher. Ethereum started a downside correction below the $1,650 zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1,640 on the hourly chart […]<\/p>\n","protected":false},"author":0,"featured_media":178515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-178514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178514"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178514"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/178515"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}