Ethereum extended losses below the $1,400 support against the US Dollar. ETH is consolidating and might recover if there is a clear move above $1,340 resistance.
- Ethereum huet e grousse Réckgang ënner den $1,400 an $1,350 Niveauen ugefaang.
- De Präis handelt elo ënner $ 1,400 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
- Et gëtt eng Schlëssel bearish Trendlinn déi sech mat Widderstand bei $ 1,320 op der Stonnekarte vun ETH / USD formt (Datafeed via Kraken).
- The pair is down over 10% and is currently consolidating losses near $1,300.
Ethereum Präis Taucht Iwwer 10%
Ethereum started a major decline from well above the $1,550 level. ETH broke a major support near the $1,500 level and the 100 hourly simple moving average. The recent decline in FTT and SOL dragged the market lower, including bitcoin.
Ether price declined heavily below the $1,400 support level. The bears were even able to push the price below the $1,350 level. The price traded as low as $1,221 and recently corrected a few higher. There was a move above the $1,250 and $1,300 levels.
The price is now trading below $1,400 and the 100 hourly simple moving average. It is consolidating near the 23.6% Fib retracement level of the recent decline from the $1,580 swing high to $1,221 low.
An immediate resistance on the upside is near the $1,320 level. There is also a key bearish trend line forming with resistance near $1,320 on the hourly chart of ETH/USD. The next major resistance is near the $1,340 level. A clear break above the $1,340 resistance could set the pace for a decent increase.
Source: ETHUSD op TradingView.com
In the stated case, the price could rise to the $1,400 level. It is near the 50% Fib retracement level of the recent decline from the $1,580 swing high to $1,221 low. Any more gains might send the price toward the $1,500 resistance zone.
Méi Verloschter an der ETH?
Wann d'Ethereum net iwwer d'$1,340 Resistenz klëmmt, kann et weider erof goen. Eng initial Ënnerstëtzung um Nodeel ass no bei der $1,275 Niveau.
Déi nächst grouss Ënnerstëtzung ass no bei der $ 1,220 Niveau, ënner deem Ether Präis vläicht Verloschter verlängeren kann. Am uginnene Szenario kann de Präis a kuerzer Zäit Richtung $ 1,100 Support Zone erofgoen.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD verléiert elo Dynamik an der bearish Zone.
Stonn RSI - De RSI fir ETH / USD ass elo ënner dem 50 Niveau.
Major Support Level - $ 1,275
Major Resistenzniveau - $ 1,340
Source: https://www.newsbtc.com/analysis/eth/ethereum-price-tumbles-1220/