TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	352,123,604,162	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

352,123,604,162

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	25.67	0.88%	2,935.19	2,934.93	2,935.21

Price Change

Price Change %

Current Price

Bid Price

Offer

25.67

0.88%

2,935.19

2,934.93

2,935.21

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2,935.79	2,906.50	2,913.23	2,909.52	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2,935.79

2,906.50

2,913.23

2,909.52

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:22:31	0.016609	2,935.19	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:22:31

0.016609

2,935.19

USD

Price x Volume	Volume	Base Symbol	Related Pairs
8,663,654.23	2,968.28	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

8,663,654.23

2,968.28

TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K

30/06/2022 6:08am

NEWSBTC

Ethereum declined below the $1,120 support against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,150 resistance. Ethereum remained in a bearish zone below $1,200 and $1,150 levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further if there is a clear move below the $1,050 support zone. Ethereum Price Turns Red Ethereum remained in a bearish zone and extended losses below the $1,150 support zone. ETH failed to stay above the $1,120 support zone and moved further into a bearish zone. The price even settled below the $1,000 support zone and tested the $1,075 zone. A low is formed near $1,076 and the price is now consolidating losses. It is trading well below $1,150 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,100 level. There is also a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH/USD. The trend line is near the 23.6% Fib retracement level of the downward move from the $1,235 swing high to $1,076 low. Source: ETHUSD on TradingView.com The next major resistance is near the $1,150 zone. The 50% Fib retracement level of the downward move from the $1,235 swing high to $1,076 low is also near $1,150. A close above the $1,150 resistance zone could start a steady increase. In the stated case, the price could clear the $1,200 resistance. Any more gains might send the price towards the $1,235 high. More Losses in ETH? If ethereum fails to rise above the $1,150 resistance, it could continue to move down. An initial support on the downside is near the $1,075 zone. The next major support is near the $1,050 zone. A close below the $1,050 level might push ether price further lower. In the stated case, ether price may perhaps decline towards the $1,000 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 well below the 50 level. Major Support Level – $1,050 Major Resistance Level – $1,150

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