Buy
Sell
Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 121,207,817,441 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  -89.98 -8.18% 1,009.67 1,005.58 1,005.69
High Price Low Price Open Price Prev. Close 52 Week Range
1,105.61 997.02 1,097.94 1,099.65 880.00 - 4,867.81
Exchange Last Trade Size Trade Price Currency
GDAX 14:48:02 0.001000 1,009.67 USD
Price x Volume Volume Base Symbol Related Pairs
279,739,555.64 266,389.99 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Prints Bearish Technical Pattern, Why It Could Revisit $2.2K

27/01/2022 5:48am

NEWSBTC


Ethereum failed to surpass $2,725 and started a fresh decline against the US Dollar. ETH price could continue to move down if there is no move above $2,500. Ethereum failed to clear the $2,700 and $2,725 resistance levels. The price is trading below $2,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $2,500 resistance zone. Ethereum Price Tops Near $2,700 Ethereum started a decent recovery wave above the $2,500 and $2,550 resistance levels. ETH even cleared the $2,600 level and the 100 hourly simple moving average. However, ether price failed to gain strength above the $2,700 level. A high was formed near $2,729 and the price started a fresh decline. There was a break below the $2,600 and $2,500 support levels. Besides, there was a break below a key bullish trend line with support near $2,500 on the hourly chart of ETH/USD. The pair traded below the 50% Fib retracement level of the upward move from the $2,171 swing low to $2,729 high. Ether is now trading below $2,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,450 level. The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might start a steady increase. In the stated case, the pair could rise towards the $2,650 level. If there is an upside break above $2,650 resistance, zone, the price could even attempt a move above the $2,700 zone. The next major resistance is near the $2,850 level. More Losses in ETH? If ethereum fails to start a fresh increase above the $2,500 level, it could start a fresh decline. An initial support on the downside is near the $2,340 level. The first key support is now forming near the $2,300 level. It is near the 76.4% Fib retracement level of the upward move from the $2,171 swing low to $2,729 high. The next major support for the bulls may perhaps be near the $2,200 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,300 Major Resistance Level – $2,550

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
ADVFN Advertorial
Your Recent History
COIN
ETHUSD
Ethereum
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220630 13:48:14