TA: Ethereum Bears Keep Pushing, Why ETH Could Slide Further

2021-10-12 08:38

Ethereum failed to clear the $3,650 resistance against the US Dollar. ETH price is moving lower and it might extend its decline below $3,450 in the near term.

Ethereum struggled to gain strength above the $3,600 and $3,620 levels. The price is now trading below $3,550 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could slide towards $3,350 unless it breaks the $3,550 resistance zone. Ethereum Price Faces Hurdles

Ethereum failed to settle above the $3,600 pivot level. ETH formed a high near $3,620 and started a downside correction. There was a break below the $3,550 support and the 100 hourly simple moving average.

The price even broke the 50% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. Ether is now trading below the $3,520 level, and it is now consolidating near the $3,500 level. An initial support on the downside is near the $3,480 level.

An immediate resistance on the upside is near the $3,635 level and the 100 hourly SMA. The first major resistance is near the $3,550 level. There is also a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,560 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,620 level. The next key resistance might be $3,650.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,550 and $3,560 resistance levels, it could extend its decline. An initial support on the downside is near the $3,480 level. The first key support is now forming near the $3,450 level.

It is near the 61.8% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. A downside break could lead the price towards the $3,400 support zone in the near term. Any more losses could push ether price towards the $3,375 support zone. The next key support could be $3,300.

Technical Indicators

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

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

Major Support Level – $3,440

Major Resistance Level – $3,550

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2096.62 (-0.17%)
Объем 24H $24.219b
Изменеия 24h: 2.73 %, 7d: 0.81 %
Cегодня L: $2059.85 - H: $2135.03
Капитализация $253.045b Rank 2
Цена в час новости $ 3481.75 (-39.78%)

ethereum eth might 450 below extend decline

Источник: newsbtc.com

ethereum eth → Результатов: 126


BitMine Expands Ethereum Treasury With Over 51,000 ETH Purchase

Bitmine Immersion Technologies has significantly expanded its Ethereum treasury, acquiring an additional 51,162 ETH over the past week as part of an aggressive accumulation strategy. The latest purchases bring the company’s total Ethereum holdings to 4,422,659 ETH as of February 22–23, 2026, reinforcing its position as one of the largest institutional holders of Ethereum. According [...]

2026-2-24 20:15


What BlackRock’s Latest Filing Means For The Ethereum Price

The latest S-1 registration submitted to the US Securities and Exchange Commission has placed Ethereum back at the center of market speculation. A recent SEC document shows that BlackRock’s iShares division has formally filed to launch a staked ETH exchange-traded fund, a move that would give traditional investors access not only to ETH price exposure […]

2025-12-10 04:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

ICYMI: Ethereum Co-Founder Has Been Moving ETH To Exchanges, Here’s How Much

On-chain data has identified a massive ETH transfer linked to Ethereum co-founder Jeffrey Wilcke, raising immediate concerns about potential insider selling pressure on the already fragile market. Blockchain analytics platform Arkham Intelligence flagged the large-scale transaction, drawing widespread attention across the crypto community.

Why Did Bitcoin Price Crash To $67,000, And Ethereum Price Fell Below $2,000?

Bitcoin’s rally back to the mid-$73,000 region did not last long as the leading cryptocurrency’s price action reversed as the week came to a close and fell back around $67,000 after momentarily regaining momentum last week, pulling Ethereum down with it till the ETH price also lost the $2,000 price level.

Why Ethereum’s Record 29.6M ETH Turnover Signals A High-Velocity Speculative Trap

Ethereum has pushed back above the $2,100 level, signaling a modest improvement in market sentiment after weeks of volatility and uncertain price action. The move above this key threshold comes as the broader crypto market begins to stabilize, allowing ETH to recover some of the momentum lost during the recent correction. While the recovery remains […]