Here’s Why Ethereum Must Break 100 SMA For A Fresh Rally

2020-4-22 07:38

Ethereum is down more than 10% from the $190 swing high against the US Dollar. ETH price is currently consolidating above $165 and facing key hurdles near the 100 hourly SMA. Ethereum declined sharply below the $175 support and tested the $165 zone. The price is currently consolidating losses and it might correct towards $175. There is a key bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to struggle near the $176 resistance and the 100 hourly simple moving average. Ethereum Price Facing Hurdles In the past few sessions, there was a steady decline in Ethereum from well above the $185 level against the US Dollar. ETH price traded below the key $175 support and the 100 hourly simple moving average. It tested the $165 support area and it is currently consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the key decline from the $189 monthly high to $165 low. On the upside, an initial resistance is near the $173 level (the recent breakdown zone). The first major hurdle for the bulls is see near the $175 level since it is close to the 100 hourly simple moving average. More importantly, there is a key bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD. The trend line coincides with the 50% Fib retracement level of the key decline from the $189 monthly high to $165 low. Ethereum Price If Ethereum starts an upside correction above the $173 level, it is likely to face a strong selling interest near the $175 and $176 levels. A successful close above the $175 level and the 100 hourly SMA is needed for more upsides. The next key resistance is near the $180 level, above which Ether price might visit the $189 monthly high. Bearish Break? If Ethereum fails to continue above the $175 and $176 resistance levels, it could start a fresh decline. An initial support on the downside is near the $167 level. The main support is near the $165 level. If there is a convincing break and close below $165, the price may perhaps extend its decline towards the $160 support or the $158 pivot level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is currently reducing its last bearish slope Hourly RSI – The RSI for ETH/USD is struggling to move back above the 50 level. Major Support Level – $165 Major Resistance Level – $176 Image from unsplash

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Ethereum (ETH) на Currencies.ru

$ 3261.29 (-1.57%)
Объем 24H $24.238b
Изменеия 24h: -2.24 %, 7d: -16.45 %
Cегодня L: $3261.29 - H: $3393.89
Капитализация $392.84b Rank 2
Цена в час новости $ 176.23 (1750.59%)

ethereum 165 sma 100 currently key consolidating

Источник: newsbtc.com

ethereum 165 → Результатов: 60


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Traders anticipate strong Ethereum recovery after 17% rally in 10 days

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2019-9-16 13:38


Фото:

Bitcoin, Ethereum, альткоины — Обзор криптовалют — 13/09/2019

Рынок криптовалют на фоне нейтрального новостного фона продолжает двигаться в боковике на низких объемах. Со среды показатель суммарной капитализации рынка увеличился на 1,9% и сейчас находится в районе значения $264 млрд.

2019-9-13 11:33


Фото:

Bitcoin, Ethereum, альткоины — Обзор криптовалют — 23/08/2019

На рынке криптовалют снова затяжной боковик. Со среды показатель капитализации снизился на 0,5%, достигнув значения $265.   Наш индикатор BC 10 Index снизился на 0. 5% до значения 165,2 пункта. Bitcoin Цена BTC со среды не изменилась.

2019-8-23 12:32


Ethereum Price Prediction and Analysis For August 16th – ETH Declining, Crypto Community Expecting Growth

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The second cryptocurrency in terms of capitalization, the Ethereum, continues a declining correction. The test of the important support level of $165 is close; if it happens, the buyers will have to demonstrate a bounce in order to prevent further decline.

2019-8-17 01:27


Фото:

Ethereum Price Analysis: Is ETH Carving a Path to $200?

Bitcoin turned the screw on $5,300 today and notched a new 2019 all-time high at $5,352 on Coinbase. The ETH-USD pairing followed suit and the top altcoin now looks ready to have a go at $200. Ethereum Price Analysis: Market Review Earlier in the week, Ethereum price marched through the $155 resistance and on over the weekend the altcoin tackled the resistance level at $165.

2019-4-8 09:30


Фото:

Ethereum Price Analysis: ETH Turns Bearish as Constantinople Upgrade Looms

Is the Ethereum price tumble from $165 the result of a strong rejection at a crucial resistance or simply ETH and BTC longs unwinding after an impressive weekend rally? 1-Hour Chart ETH tumbled after tackling the $165 resistance but the abrupt correction throughout the market appears to have been the primary reason for stopping its advance to $170.

2019-2-26 10:00


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