Ethereum declined towards $1,350 before recovering higher against the US Dollar. ETH is now facing a major resistance near the $1,460 and $1,500 levels.
- Ethereum extended losses and traded below the $1,400 level.
- De Präis handelt elo ënner $ 1,460 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
- Et gëtt eng gréisser bearish Trendlinn déi sech mat Widderstand bei $ 1,440 op der Stonnekarte vun ETH / USD formt (Datafeed via Kraken).
- The pair could struggle to recover above the $1,440 and $1,460 resistance levels.
Ethereum Präis bleift an der Bearish Zone
Ethereum blouf an engem bearish Zone below the $1,500 level. ETH started another decline and traded below the key $1,400 support zone.
The price even spiked below the $1,360 level and traded as low as $1,257. It is now attempting a recovery wave above the $1,400 resistance zone. There was a move above the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,357 low.
However, ether price is trading below $1,460 and the 100 Stonn einfach bewegt Duerchschnëtt. Eng direkt Resistenz op der Upside ass no bei der $1,440 Niveau.
There is also a major bearish trend line forming with resistance near $1,440 on the hourly chart of ETH/USD. The first major resistance is near the $1,480 zone and the 100 hourly simple moving average. The main resistance is now forming near the $1,500 zone.
Source: ETHUSD op TradingView.com
The 50% Fib retracement level of the downward move from the $1,662 swing high to $1,357 low is also near the $1,500 zone. A clear move above the $1,500 level could start a decent increase. In the stated case, the price may perhaps rise towards the $1,550 resistance zone.
Méi Verloschter an der ETH?
Wann Ethereum net iwwer d'$1,480 Resistenz eropgeet, kann et weider erof goen. Eng initial Ënnerstëtzung um Nodeel ass no bei der $1,400 Zone.
A clear move below the $1,400 support might spark another decline. In this case, ether price may perhaps revisit the $1,350 support. Any more losses might even push the price to the $1,300 support or even $1,250 in the near term.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD verléiert elo Dynamik an der bullish Zone.
Stonn RSI - De RSI fir ETH / USD ass elo just iwwer dem 50 Niveau.
Major Support Level - $ 1,400
Major Resistenzniveau - $ 1,480
Source: https://www.newsbtc.com/analysis/eth/ethereum-recovery-faces-major-hurdle-1500/