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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 152,317,537,169 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  5.00 0.40% 1,264.77 1,264.76 1,264.77
High Price Low Price Open Price Prev. Close 52 Week Range
1,270.34 1,259.22 1,259.74 1,259.69 880.00 - 4,497.70
Exchange Last Trade Size Trade Price Currency
GDAX 01:52:13 0.015420 1,264.76 USD
Price x Volume Volume Base Symbol Related Pairs
28,044,176.67 22,173.56 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Could Take Hit As The Bulls Show Weak Hands

18/08/2022 5:08am

NEWSBTC


Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level. Ethereum started a fresh decline from the $1,950 resistance zone. The price is now trading below $1,900 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a clear move below the $1,800 level. Ethereum Price Remains At Risk Ethereum remained in a bearish zone below the $2,000 resistance zone. ETH traded below the $1,850 support zone to move further into a bearish zone. The decline found support near the $1,820 level. Ether price is now consolidating losses above the $1,820 level. It is now trading below $1,900 and the 100 hourly simple moving average. The bears are active near the 23.6% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low. An immediate resistance on the upside is near the $1,885 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low. The main resistance is now forming near the $1,900 and $1,920 levels. There is also a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH/USD. A clear move above the $1,920 resistance could push the price towards the $1,950 level. Source: ETHUSD on TradingView.com To move into a positive zone, the price must clear the $1,950 level. In the stated case, the price may perhaps rise towards the $2,000 level. More Losses in ETH? If ethereum fails to rise above the $1,920 resistance, it could continue to move down. An initial support on the downside is near the $1,820 zone. The next major support is near $1,800, below which there could be more losses. In the stated case, ether price may perhaps decline towards the $1,760 level. Any more losses may perhaps open the doors for a move towards the $1,700 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,800 Major Resistance Level – $1,920

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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P: V:gb D:20221206 01:52:19