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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 199,859,894,833 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  -6.46 -0.39% 1,657.54 1,657.53 1,657.54
High Price Low Price Open Price Prev. Close 52 Week Range
1,666.36 1,645.33 1,664.19 1,664.00 880.00 - 3,581.60
Exchange Last Trade Size Trade Price Currency
GDAX 08:12:08 0.004249 1,657.54 USD
Price x Volume Volume Base Symbol Related Pairs
46,581,041.12 28,122.69 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Price Needs To Clear $1,400 For Hopes of a Fresh Rally

26/09/2022 6:08am

NEWSBTC


Ethereum is struggling below the $1,350 zone against the US Dollar. ETH could start a major increase if it clears the $1,350 and $1,400 resistance levels. Ethereum is stable above the $1,260 and $1,250 support levels. The price is now trading below $1,350 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if it clears the key $1,400 resistance zone. Ethereum Price Faces Hurdles Ethereum dropped from the $1,350 resistance zone. However, ETH remained stable above the $1,250 support zone. The price traded as low as $1,269 and is currently consolidating losses. Ether is slowly moving higher above the $1,300 level. It is testing the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low. The price is now trading below $1,350 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,320 level and the 100 hourly simple moving average. It is near the 61.8% Fib retracement level of the recent decline from the $1,348 swing high to $1,269 low. The next major resistance is near $1,350 level. There is also a major bearish trend line forming with resistance near $1,350 on the hourly chart of ETH/USD. A clear break above $1,350 might start a decent increase towards the $1,400 level. Source: ETHUSD on TradingView.com The 1.236 Fib extension level of the recent decline from the $1,348 swing high to $1,269 low. Any more gains may perhaps open the doors for a move towards the $1,500 resistance. Fresh Decline in ETH? If ethereum fails to recover above the $1,350 resistance, it could start a fresh decline. An initial support on the downside is near the $1,288. The next major support is near the $1,270 level. A downside break below the $1,270 level might send the price towards the $1,220 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 losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now just below the 50 level. Major Support Level – $1,270 Major Resistance Level – $1,350

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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