TA: Ethereum Takes Hit, Why $1,400 Could Spark A Fresh Increase

2022-7-26 07:28

Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.

Ethereum remained in a bearish zone and extended losses below $1,500. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave unless there is a clear move below the $1,400 support. Ethereum Price Breaks Down

Ethereum failed to recover losses and trade above the $1,550 level. ETH started another decline and traded below the key $1,500 support zone.

It opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average.

An immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low.

There is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550.

Source: ETHUSD on TradingView.com

It is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase.

More Losses in ETH?

If ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone.

A clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support.

Technical Indicators

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

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

Major Support Level – $1,400

Major Resistance Level – $1,460

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3284.6 (-1.09%)
Объем 24H $24.163b
Изменеия 24h: -1.35 %, 7d: -15.92 %
Cегодня L: $3274.83 - H: $3393.89
Капитализация $395.648b Rank 2
Цена в час новости $ 1386.25 (136.94%)

ethereum 500 below bearish start must stay

ethereum 500 → Результатов: 126


Фото:

Meteoric Rise: Ethereum’s Mesmerizing 285% YTD Returns Send ETH Soaring Above $500 For First Time Since 2018

Ethereum is in the midst of a parabolic rally. The second-largest cryptocurrency has breached the $500 hurdle for the first time since 2018 and is up over 280% year-to-date. Ethereum’s jump to 28-month highs comes as alternative cryptocurrencies (also known as altcoins) stage a recovery from the lackluster performance. Above $500, there’s now very little […]

2020-11-23 09:08


Фото:

The Ethereum Investment Case Has This Unexpected Achilles’ Heel

With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see ETH > $7,500. To the mainstream ETH will be […]

2020-6-15 13:00


Виталик Бутерин предложил масштабировать эфириум с помощью технологии Zcash

Виталик Бутерин планирует увеличить количество транзакций в сети эфириума на 3200% (до приблизительно 500 транзакций в секунду) без использования технологий второго уровня, таких как Plasma. В своей публикации на форуме Ethereum Research сооснователь проекта отметил, что эфириум может позаим...

2018-9-25 10:47


Фото:

How Zcash Could Help Scale Ethereum Up To 500 Transactions Per Second

Scalability problems plague Ethereum. Often, the Ethereum blockchain is clogged and slow, hardly a surprise given how many projects exist on the Ethereum blockchain though. There could be a new solution within some new practices that have been pioneered within the Zcash network, according to Coindesk: “A form of cryptography pioneered by zcash might help scale ethereum, founder of the platform Vitalik Buterin said on a research forum Saturday.

2018-9-24 18:00


Виталик Бутерин: технология zk-SNARK может помочь масштабировать Ethereum

Технология zk-SNARK, созданная разработчиками Zcash, может помочь масштабировать Ethereum. Об этом заявил сооснователь платформы Виталик Бутерин на исследовательском форуме, прошедшем на днях. По его мнению, используя zk-SNARKs, Ethereum можно масштабировать до 500 транзакций в секунду, не прибегая к решениям второго уровня, таким как Plasma или Raiden.

2018-9-24 17:25


500 транзакций в секунду: Бутерин заявил, что zk-snarks поможет масштабированию Ethereum

Технология, представленная в криптовалюте ZCash, может помочь Ethereum масштабироваться, пишет CoinDesk со ссылкой на заявление основателя платформы Виталика Бутерина. По словам Бутерина, благодаря технологии zk-snarks Ethereum может масштабироваться «до огромных размеров» и обрабатывать до 500 транзакций в секунду без необходимости прибегать к решениям второго уровня, таким как Plasma или Raiden.

2018-9-24 17:10