PLUS1
| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| Ethereum | ETHUSD | Crypto | 193,808,720,280 | Ethash |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| 37.60 | 2.39% | 1,612.00 | 1,611.81 | 1,611.98 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 1,619.70 | 1,566.61 | 1,571.91 | 1,574.40 | 880.00 - 3,581.60 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| GDAX | 12:52:42 | 0.148422 | 1,611.99 | USD |
TA: Ethereum Price Just Reversed and $1,200 is Imminent, Here’s Why
28/09/2022 6:08am
NEWSBTC
Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level. Ethereum gained bearish momentum below the $1,350 and $1,320 support levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline towards the $1,220 and $1,200 support levels. Ethereum Price Dips Again Ethereum attempted a decent increase above the $1,350 level. ETH even broke the $1,380, similar to bitcoin. However, the bulls failed to clear the $1,400 resistance zone. A high was formed near $1,399 and the price started a fresh decline. There was a clear move below the $1,350 and $1,320 support levels. There was a clear move below the 76.4% Fib retracement level of the upward move from the $1,269 swing low to $1,399 high. Besides, there was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH/USD. Ether price is also trading below $1,300 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,290 and $1,300 levels. The next major resistance is near $1,325 level and the 100 hourly SMA. A clear break above $1,325 might start a decent increase towards the $1,380 level. Source: ETHUSD on TradingView.com Any more gains may perhaps open the doors for a move towards the $1,400 resistance, above which the bulls could aim a strong increase. More Losses in ETH? If ethereum fails to climb above the $1,325 resistance, it could continue to move down. An initial support on the downside is near the $1,270. The next major support is near the $1,240 level. It is near the 1.236 Fib extension level of the upward move from the $1,269 swing low to $1,399 high. A downside break below the $1,240 level might send the price towards the $1,200 support in the near term. Any more losses could increase selling and the price might drop to $1,150. 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 – $1,240 Major Resistance Level – $1,325
1 Year Ethereum Chart |
1 Month Ethereum Chart |