Ethereum Price Underperforms and Turns At Risk of Downside Break

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	362,278,416,182	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

362,278,416,182

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	26.84	0.90%	3,013.92	3,013.91	3,013.92

Price Change

Price Change %

Current Price

Bid Price

Offer

26.84

0.90%

3,013.92

3,013.91

3,013.92

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,036.35	2,977.99	2,987.82	2,987.08	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,036.35

2,977.99

2,987.82

2,987.08

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:49:14	0.219790	3,013.92	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:49:14

0.219790

3,013.92

USD

Price x Volume	Volume	Base Symbol	Related Pairs
50,014,805.84	16,618.10	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

50,014,805.84

16,618.10

Ethereum Price Underperforms and Turns At Risk of Downside Break

20/03/2023 4:18am

NEWSBTC

Ethereum price is struggling to clear the $1,840 resistance against the US Dollar. Bitcoin outperformed ETH, resulting in a risk of a break below $1,740. Ethereum seems to be forming a double top near the $1,840 zone. The price is trading near $1,750 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further if there is a clear move below the $1,740 support. Ethereum Price Fails To Follow Bitcoin Ethereum price attempted a fresh increase above the $1,800 resistance zone. However, ETH struggled to clear the $1,840 resistance zone. It faced two rejections and reacted to the downside, unlike bitcoin. There was a bearish wave below the $1,800 support zone. The bears were able to push the price below 50% Fib retracement level of the upward move from the $1,750 swing low to $1,845 high. Besides, there was a break below a key bullish trend line with support near $1,760 on the hourly chart of ETH/USD. Ether price is now trading near $1,750 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,770 zone. The next major resistance is near the $1,800 zone. Source: ETHUSD on TradingView.com The main resistance is still near the $1,840 zone. A close above the $1,840 resistance zone might start another major increase. In this case, the price may perhaps rise towards the $1,920 resistance level. Any more gains might send the price towards $2,000. More Losses in ETH? If ethereum fails to clear the $1,800 resistance, it could continue to move down. An initial support on the downside is near the $1,740 level. The next major support is near the $1,690 zone or the 1.618 Fib extension level of the upward move from the $1,750 swing low to $1,845 high. If there is a break below $1,690, the price might drop towards $1,615. Any more losses might call for a test of the $1,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,740 Major Resistance Level – $1,800

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum