Ethereum declined below the $1,150 zone against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,200 pivot zone.
- Ethereum huet e frësche Réckgang ënner den $1,220 an $1,200 Niveauen ugefaang.
- De Präis handelt elo ënner $ 1,200 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
- There is a connecting trend line in place with support at $1,130 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could decline further is a clear move below the $1,120 support zone.
Ethereum Präis bleift a Gefor
Ethereum remained in a bearish zone below the $ 1,280 an $ 1,250 Resistenzniveauen. ETH huet e frësche Réckgang ugefaang an ënner dem Schlëssel $ 1,200 Support Zone gehandelt.
The decline gained pace below the $1,180 level and the 100 hourly simple moving average. As a result, the bears were able to push the price below the $1,150 support. A low is formed near $1,132 and the price is now consolidating losses.
Ether is now trading well below $1,200 and the 100 Stonn einfach bewegt Duerchschnëtt. There is also a connecting trend line in place with support at $1,130 on the hourly chart of ETH/USD.
An immediate resistance on the upside is near the $1,155 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,235 swing high to $1,132 low. The next major resistance is near the $1,175 zone. The first major hurdle is near the $1,180 level and the 100 hourly simple moving average.
The 50% Fib retracement level of the recent decline from the $1,235 swing high to $1,132 low is also near $1,180. A close above the $1,180 resistance zone could start a steady increase. In the stated case, the price could clear the $1,200 resistance.
Source: ETHUSD op TradingView.com
Déi nächst grouss Resistenz ass no bei der $ 1,235 Niveau, iwwer deem de Präis souguer op den $ 1,280 Resistenzniveau an der kuerzer Dauer eropgeet.
Méi Verloschter an der ETH?
Wann Ethereum net iwwer d'$1,180 Resistenz eropgeet, kann et weider erof goen. Eng initial Ënnerstëtzung um Nodeel ass no bei der $1,120 Zone.
The next major support is near the $1,080 zone. A close below the $1,080 level might spark a sharp decline. In the stated case, ether price may perhaps decline towards the $1,000 level.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD gewënnt elo Dynamik an der bearish Zone.
Stonn RSI - De RSI fir ETH / USD ass elo gutt ënner dem 50 Niveau.
Major Support Level - $ 1,120
Major Resistenzniveau - $ 1,180
Source: https://www.newsbtc.com/analysis/eth/ethereum-topside-bias-vulnerable-1k/