TA: Ethereum Starts Recovery, Why ETH Could Face Resistance Near $1,250

2021-1-22 08:18

Ethereum declined close to 20% and it tested the $1,050 zone against the US Dollar. ETH price is currently recovering, but it might struggle near $1,200 and $1,250.

Ethereum declined heavily after it broke the $1,250 and $1,200 support levels. The price is now correcting losses from $1,042, but it is well below the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further, but the previous support near $1,250 is likely to act as a strong resistance. Ethereum Price is Recovering Losses

In the past 3-4 sessions, there was a nasty decline in bitcoin and Ethereum below $32,000 and $1,200 respectively. ETH price nosedived almost 20% and it broke many supports such as $1,150 and $1,120.

It traded close to $1,040 and settled well below the 100 hourly simple moving average. A low is formed near $1,042 and the price is currently correcting higher. There was a break above the $1,100 resistance level and the price is showing a few positive signs.

Ether is trading above the 23.6% Fib retracement level of the recent decline from the $1,389 swing high to $1,042 low. On the upside, the first key resistance is near the $1,200 level.

Source: ETHUSD on TradingView.com

The next resistance could be near $1,215 or the 50% Fib retracement level of the recent decline from the $1,389 swing high to $1,042 low. There is also a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD.

If there is a clear break above $1,215, the price is likely to face a strong selling interest near the $1,250 level in the coming sessions. Any more gains could open the doors for a fresh rally towards $1,400.

Fresh Dip in ETH?

If ethereum fails to recover above the $1,200 and $1,210 levels, there is a risk of a fresh decline. An initial support on the downside is near the $1,120 level.

The first major support is near the $1,100 level. The main support is now forming near the $1,050 level. If ether fails to stay above the $1,050 support, it could even decline below the $1,000 support level.

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 rising towards the 40 level.

Major Support Level – $1,120

Major Resistance Level – $1,250

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Ethereum (ETH) на Currencies.ru

$ 2320.72 (-0.28%)
Объем 24H $13.558b
Изменеия 24h: -1.88 %, 7d: 6.18 %
Cегодня L: $2305.41 - H: $2358.91
Капитализация $280.089b Rank 2
Цена в час новости $ 1206.6 (92.34%)

250 ethereum 200 declined near eth price

Источник: newsbtc.com

250 ethereum → Результатов: 126


Фото:

Bitcoin, Ethereum, альткоины — Обзор криптовалют — 28/02/2020

Снижение на рынке криптовалют продолжилось. Со среды показатель суммарной капитализации рынка потерял 4,2% и к текущему моменту его значение составляет $250 млрд. Наш индикатор BC 10 Index потерял 3,7%, опустившись до значения 156 пунктов.

2020-2-28 11:51


Ethereum резко подскочил выше $250, показав прирост на 14,5% за последние сутки

12 февраля эфириум преодолел рубеж в $250 в 10:30 МСК. В 10:44 курс второй по рыночной капитализации криптовалюты достиг локального максимума в $254,21, и это был самый большой дневной прирост с середины января.

2020-2-12 12:57


Фото:

ЮНИСЕФ наращивает инвестиции в социальные блокчейн-проекты

Инкубатор Ethereum Classic Labs (ETC Labs) выделит $1 млн на поддержку блокчейн-стартапов в рамках партнерства с Фондом инноваций ЮНИСЕФ. В заявлении ETC Labs сказано, что $750 тыс. получат стартапы, отобранные Фондом, сама благотворительная организация получит $250 тыс.

2020-1-23 12:04


Tim Draper Expresses Uneasiness for Ethereum’s Issuance Rate but Impressed by Smart Contracts

During a recent interview with Ethereum Classic Labs, American Venture Capital Investor, Timothy Cook Draper expressed his uneasiness with Ethereum, while also praising the blockchain reports CCN. What troubles the investor who is popularly known for his $250,000 prediction for the crypto giant, Bitcoin [BTC], is Ethereum’s issuance rate of two to four percent yearly. […]

2019-6-1 00:19


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