Ethereum Price Suffers Setback, This Triangle Could Start Another Decline

2022-12-19 07:15

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150.

Ethereum started another decline and traded below the $1,200 support. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the $1,220 resistance. Ethereum Price Turns Red

Ethereum price failed to stay above the $1,300 support zone. ETH reacted to the downside and traded below the $1,250 support zone to move into a bearish zone, similar to bitcoin.

The decline gained pace below the $1,200 level and the 100 hourly simple moving average. Ether price traded as low as $1,154 and is currently consolidating losses. There was a minor increase above the $1,180 resistance zone, but the bears remained active.

Ether price is now trading below $1,200 and the 100 hourly simple moving average. It is also trading below the 23.6% Fib retracement level of the downward move from the $1,350 swing high to $1,154 low.

An immediate resistance on the upside is near the $1,190 level. There is also a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD. The first major resistance is near the $1,210 level and the 100 hourly simple moving average.

Source: ETHUSD on TradingView.com

A close above the $1,220 resistance might start a decent increase. The next major resistance could be $1,260 or the 50% Fib retracement level of the downward move from the $1,350 swing high to $1,154 low, above which ether could rise towards $1,300. Any more gains might send the price towards the $1,350 resistance zone.

More Losses in ETH?

If ethereum fails to climb above the $1,220 resistance, it could continue to move down. An initial support on the downside is near the $1,170 level.

The next major support is near the $1,150 level, below which the price could gain bearish momentum towards the $1,100 support. Any more losses could lead the price towards the $1,050 support.

Technical Indicators

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

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

Major Support Level – $1,150

Major Resistance Level – $1,220

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3416.56 (+0.41%)
Объем 24H $38.975b
Изменеия 24h: 3.65 %, 7d: 8.29 %
Cегодня L: $3406.15 - H: $3416.56
Капитализация $411.455b Rank 2
Цена в час новости $ 1184.09 (188.54%)

ethereum decline another started below 150 remains

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 Holders Endure Unrealized Losses – Is ETH Undervalued?

Ethereum (ETH) has been underperforming in this cycle, trailing far behind Bitcoin’s impressive rally to new all-time highs. While Bitcoin captures headlines with its continued surge, ETH struggles to reclaim its yearly highs, leaving many investors questioning its next move.

Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise

Ethereum has experienced a noticeable surge in its price recently, trading above the psychological $3,000 price mark, which has reignited interest in the crypto market. According to on-chain analysis, retail investors appear to be adopting a “hold” strategy, resisting the urge to sell despite the increase in ETH’s value.