Ethereum Price Prints Bearish Technical Pattern, Why It Could Revisit $1,800

2023-7-10 07:00

Ethereum price extended its decline below $1,880 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,800.

Ethereum is currently attempting a recovery wave from the $1,825 zone. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase but upsides might be capped near $1,900. Ethereum Price Faces Resistance

Ethereum’s price failed to continue higher above the $1,925 resistance and started a fresh decline. ETH declined below the $1,900 and $1,880 levels to move into a short-term bearish zone, similar to Bitcoin.

The price even tested the $1,825 support. A low is formed near $1,825 and the price is now attempting a recovery wave. There was a break above the 23.6% Fib retracement level of the downward move from the $1,956 swing high to the $1,825 low.

Ether price is still trading below $1,880 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD.

Immediate resistance is near the $1,880 level or the 100-hourly Simple Moving Average. The first major resistance is near the $1,890 zone. The next major resistance is near the $1,900 level and the trend line. It is close to the 61.8% Fib retracement level of the downward move from the $1,956 swing high to the $1,825 low.

Source: ETHUSD on TradingView.com

A clear move above the $1,905 resistance could start a decent increase toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance.

More Losses in ETH?

If Ethereum fails to clear the $1,890 resistance or $1,900, it could continue to move down. Initial support on the downside is near the $1,840 level.

The first major support is near the $1,825 level, below which there is a risk of a larger decline. The next major support is near the $1,770 level. Any more losses could send Ether toward the $1,720 support level.

Technical Indicators

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

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

Major Support Level – $1,825

Major Resistance Level – $1,890

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3309.42 (-2.24%)
Объем 24H $25.188b
Изменеия 24h: -2.65 %, 7d: -15.02 %
Cегодня L: $3297.22 - H: $3393.89
Капитализация $398.637b Rank 2
Цена в час новости $ 1864.16 (77.53%)

ethereum decline bearish price further toward showing

Источник: newsbtc.com

ethereum decline → Результатов: 126


Фото:

Ethereum Price may Drop Below $140 as ProgPoW Implementation Rumors Swell

As the top markets try to claw their way out of the hole again, it remains to be seen how successful these attempts will be in the end. For Ethereum, there is a lot of pressure to contend with. Part of the reason is Bitcoin’s decline, but there is also some concern over the implementation […] The post Ethereum Price may Drop Below $140 as ProgPoW Implementation Rumors Swell appeared first on NullTX.

2019-3-17 12:12


Bitcoin Price Analysis: BTC bulls Raved, $4,500 Defining

Latest Bitcoin News By dropping 8,540.4082 BTC, the number of Bitcoin open short positions at BitFinex is down 26 percent at the time of press in the last two days. This decline hint of capital flight and as a major player in the space, a downtime that would see the exchange move their servers from […] The post Bitcoin Price Analysis: BTC bulls Raved, $4,500 Defining appeared first on Ethereum World News.

2019-1-8 15:30


Bitcoin Price Analysis: BTC bulls Raved, BitFinex Server Migration in Progress

Latest Bitcoin News By dropping 8,540.4082 BTC, the number of Bitcoin open short positions at BitFinex is down 26 percent at the time of press in the last two days. This decline hint of capital flight and as a major player in the space, a downtime that would see the exchange move their servers from […] The post Bitcoin Price Analysis: BTC bulls Raved, BitFinex Server Migration in Progress appeared first on Ethereum World News.

2019-1-7 15:30


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.