TA: Ethereum Recovery Could Gain Pace If It Clears This Resistance

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	356,775,039,179	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

356,775,039,179

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-14.58	-0.49%	2,972.50	2,972.49	2,972.50

Price Change

Price Change %

Current Price

Bid Price

Offer

-14.58

-0.49%

2,972.50

2,972.49

2,972.50

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,036.35	2,958.55	2,987.82	2,987.08	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,036.35

2,958.55

2,987.82

2,987.08

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:14:41	0.015990	2,972.50	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:14:41

0.015990

2,972.50

USD

Price x Volume	Volume	Base Symbol	Related Pairs
74,874,579.08	24,933.47	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

74,874,579.08

24,933.47

TA: Ethereum Recovery Could Gain Pace If It Clears This Resistance

20/06/2022 6:28am

NEWSBTC

Ethereum dived towards the $880 support against the US Dollar. ETH is recovering and eyeing an upside break above the $1,150 resistance zone. Ethereum started a decent recovery wave from the $880 support zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the key $1,150 resistance zone. Ethereum Price Faces Hurdles Ethereum remained in a bearish zone below the $1,050 level. ETH extended losses and traded below the $1,000 support. There was a sharp decline below the $950 level. The price tested the $880 support before the bulls appeared. A low was formed near $880 and the price started a decent increase. There was a move above the $950 and $960 resistance levels. Ether cleared the 50% Fib retracement level of the downward move from the $1,256 swing high to $880 low. Besides, there was a break above a major bearish trend line with resistance near $980 on the hourly chart of ETH/USD. The pair even climbed above the $1,100 level. However, the bears appeared near the $1,150 resistance. Ether failed to clear the 76.4% Fib retracement level of the downward move from the $1,256 swing high to $880 low. The price is now consolidating near the $1,080 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,100 level. The next major resistance is near the $1,150 zone. A clear move above the $1,150 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,255 level. Any more gains could start a move towards the $1,320 resistance. Fresh Decline in ETH? If ethereum fails to rise above the $1,150 resistance, it could start a fresh decline. An initial support on the downside is near the $1,040 zone. The next major support is near the $1,000 zone. A clear move and break below the $1,000 zone could start a major decline. In the stated case, the price could revisit the $880 support zone in the near term. 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 above the 50 level. Major Support Level – $1,000 Major Resistance Level – $1,150

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum