Ethereum price is again moving lower below the $2,200 support. ETH is showing a few bearish signs and might decline further below $2,000.
- Ethereum started a fresh decline from the $2,330 resistance zone.
- The price is trading below $2,220 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance near $2,210 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could accelerate lower if there is a break below the $2,135 support.
Ethereum Price Dips Again
Ethereum price failed to gain strength for more gains above the $2,300 resistance. ETH peaked near the $2,330 zone and started a fresh decline, like Bitcoin.
There was a move below the $2,250 and $2,220 levels. The price even dropped below the 50% Fib retracement level of the key increase from the $1,980 swing low to the $2,330 high. The bears are now in control below the $2,180 support zone.
Ethereum is trading below $2,220 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance near $2,210 on the hourly chart of ETH/USD.
If there is a fresh increase, the price could face resistance near the $2,200 zone. The next key resistance is near the $2,210 level and the trend line. The main resistance is now at $2,250. A clear move above the $2,250 zone could send the price toward the $2,330 level.
Source: ETHUSD on TradingView.com
The next resistance sits at $2,400. Any more gains could start a wave toward the $2,550 level, above which Ethereum might rally and test the $2,750 zone.
More Losses in ETH?
If Ethereum fails to clear the $2,210 resistance, it could continue to move down. Initial support on the downside is near the $2,135 level or the last swing low.
The first key support could be the $2,080 zone. It is close to the 1.236 Fib extension level of the key increase from the $1,980 swing low to the $2,330 high. A downside break below $2,080 might start another major decline. In the stated case, Ether could even decline below the $2,000 support.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 level.
Major Support Level – $2,135
Major Resistance Level – $2,210
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Ethereum price is again moving lower below the $2,200 support. ETH is showing a few bearish signs and might decline further below $2,000.
- Ethereum started a fresh decline from the $2,330 resistance zone.
- The price is trading below $2,220 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance near $2,210 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could accelerate lower if there is a break below the $2,135 support.
Ethereum Price Dips Again
Ethereum price failed to gain strength for more gains above the $2,300 resistance. ETH peaked near the $2,330 zone and started a fresh decline, like Bitcoin.
There was a move below the $2,250 and $2,220 levels. The price even dropped below the 50% Fib retracement level of the key increase from the $1,980 swing low to the $2,330 high. The bears are now in control below the $2,180 support zone.
Ethereum is trading below $2,220 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance near $2,210 on the hourly chart of ETH/USD.
If there is a fresh increase, the price could face resistance near the $2,200 zone. The next key resistance is near the $2,210 level and the trend line. The main resistance is now at $2,250. A clear move above the $2,250 zone could send the price toward the $2,330 level.
Source: ETHUSD on TradingView.com
The next resistance sits at $2,400. Any more gains could start a wave toward the $2,550 level, above which Ethereum might rally and test the $2,750 zone.
More Losses in ETH?
If Ethereum fails to clear the $2,210 resistance, it could continue to move down. Initial support on the downside is near the $2,135 level or the last swing low.
The first key support could be the $2,080 zone. It is close to the 1.236 Fib extension level of the key increase from the $1,980 swing low to the $2,330 high. A downside break below $2,080 might start another major decline. In the stated case, Ether could even decline below the $2,000 support.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 level.
Major Support Level – $2,135
Major Resistance Level – $2,210
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
where can i get cheap clomid without prescription can you buy clomiphene without rx how to get generic clomid price how can i get generic clomid without dr prescription can i order clomiphene without rx where can i buy generic clomid tablets can you get cheap clomid without a prescription
This is the kind of post I find helpful.
More posts like this would create the online space more useful.
order azithromycin 500mg generic – sumycin us flagyl where to buy
order rybelsus 14mg online cheap – buy semaglutide 14 mg generic buy periactin 4mg generic
motilium 10mg generic – generic sumycin 500mg order cyclobenzaprine 15mg generic
inderal where to buy – oral methotrexate 5mg methotrexate order online
augmentin 375mg over the counter – https://atbioinfo.com/ acillin where to buy
nexium online buy – anexa mate nexium canada
order coumadin 2mg pills – coumamide order generic losartan 50mg
where can i buy meloxicam – relieve pain meloxicam pills
cheap deltasone 40mg – aprep lson deltasone 10mg without prescription
buy erectile dysfunction pills – buy ed pills without a prescription buy erectile dysfunction meds
buy generic amoxicillin – combamoxi.com buy amoxil tablets
buy fluconazole generic – https://gpdifluca.com/ buy forcan generic
cenforce online – cenforce rs buy cenforce sale
where to buy ranitidine without a prescription – https://aranitidine.com/ ranitidine us
tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price – strong tadafl maximpeptide tadalafil review
With thanks. Loads of expertise! on this site
buy viagra cialis levitra – https://strongvpls.com/# 50 mg sildenafil
This is the kind of literature I positively appreciate. https://ursxdol.com/propecia-tablets-online/
This is the tolerant of enter I find helpful. gabapentin order
I am in fact delighted to glance at this blog posts which consists of tons of profitable facts, thanks for providing such data. https://prohnrg.com/product/diltiazem-online/
Thanks on sharing. It’s top quality. viagra homme sans ordonnance france
Good blog you possess here.. It’s intricate to assign strong worth article like yours these days. I truly comprehend individuals like you! Withstand vigilance!! https://ondactone.com/product/domperidone/
More delight pieces like this would insinuate the интернет better.
https://doxycyclinege.com/pro/ranitidine/
More articles like this would make the blogosphere richer. http://www.haxorware.com/forums/member.php?action=profile&uid=394312
dapagliflozin usa – click buy dapagliflozin generic
brand orlistat – https://asacostat.com/# where to buy xenical without a prescription