Ethereum Could Narrowly Avoid a Major Downtrend if it Regains $240

2020-6-12 11:28

Ethereum failed to surpass the $250 resistance and declined sharply against the US Dollar. ETH price could continue to move down as long as it is below $240 and the 100 hourly simple moving average.

Ethereum started a major decline after it failed to clear the main $1250 resistance zone. The price declined sharply below the key $240 support and the 100 hourly simple moving average. There was a break below a crucial bullish trend line with support at $244 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as low as $225 and it is currently correcting higher above $230. Ethereum Price Correcting Losses

Yesterday, we saw many rejections for Ethereum price near the $250 resistance area. ETH started a strong increase below the $245 and $240 support levels.

The price even settled below the $240 support and the 100 hourly simple moving average. Moreover, there was a break below a crucial bullish trend line with support at $244 on the hourly chart of ETH/USD.

Ethereum Price

It opened the doors for more losses below the $230 level and the price traded to a new weekly low at $225. Ether is currently correcting higher and trading above the $230 level.

There was a break above the 23.6% Fib retracement level of the recent decline from the $250 swing high to $225 low. The price is now approaching the $235 resistance, which is likely to act as a hurdle.

The main resistance on the upside is forming near the $240 level or the 100 hourly SMA. An intermediate resistance is near the $238 level or the 50% Fib retracement level of the recent decline from the $250 swing high to $225 low. To move into a positive zone, the price must settle above the $235 and $240 resistance levels.

More Losses in ETH?

Once the current wave is complete in Ethereum near $235 or $240, it is likely to resume its decline in the near term. An initial support is seen near the $225 level.

The first major support is near the $220 level, below which ether price is likely to accelerate lower towards the $205 and $200 support levels in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently correcting higher towards the 50 level.

Major Support Level – $225

Major Resistance Level – $240

Take advantage of the trading opportunities with Plus500

Risk disclaimer: 76.4% of retail CFD accounts lose money.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3369.82 (-0.21%)
Объем 24H $25.565b
Изменеия 24h: -0.74 %, 7d: -13.30 %
Cегодня L: $3297.22 - H: $3393.89
Капитализация $405.913b Rank 2
Цена в час новости $ 237.05 (1321.57%)

240 ethereum could price continue down move

Источник: newsbtc.com

240 ethereum → Результатов: 126


Ethereum Open Interest Rebounds as Analysts Eye an Explosive Upside Movement

Ethereum has seen some tempered gains overnight, recapturing its position within the $240 region as it shows some signs of technical strength. Today’s climb has largely been the result of that seen by Bitcoin, as ETH has been closely tracking the benchmark cryptocurrency’s price action over the past week. This has caused Ethereum’s open interest...

2020-6-9 02:00


Ethereum способен сделать рывок до $280

После впечатляющего движения выше $250 в тандеме с ростом биткоина выше $10 000 пара ETH/USD протестировала поддержку на уровне $230, а затем восстановила свои позиции выше $240. На момент написания статьи эфир торговался по $239 на фоне низкой волатильности и низкого объёма торгов.

2020-6-4 14:02


Ник Патель: Следующая цель Ethereum — $190, но удержаться там будет очень сложно

Вторая по стоимости цифровая валюта эфир (ETH) несет потери на протяжении последних нескольких недель. Если в начале августа монета торговалась в районе $240, то уже на этой неделе она опустилась до $179.

2019-9-3 10:02


Фото:

Анализ: Ethereum, курс, перспективы сегодня — 08.06.2019

Ethereum удалось остаться выше ключевой поддержки на уровне 240 долларов на фоне медвежьего тренда на рынке. Анализ: Ethereum, курс, перспективы сегодня — 08. 06. 2019. Рынок криптовалюты намерен закрыть торги недели в плюсе.

2019-6-9 09:17


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Price Takes a Plunge: Can Bulls Step In?

Ethereum price extended losses and dropped below the $3,680 zone. ETH is down over 7% and is showing bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,680 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average.

Ethereum Price Falls 5%: Correction or Start of a Bigger Slide?

Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level. Ethereum started a fresh decline below the $3,800 zone. The price is trading below $3,680 and the 100-hourly Simple Moving Average.

Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100

Ethereum is making another attempt to break above the $4,000 level as it edges closer to its all-time highs. Despite its strong fundamentals, doubts linger in the market regarding Ethereum’s performance this cycle, with some expecting it to underperform amid stiff competition from other blockchain ecosystems.