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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 159,445,495,995 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  -1.69 -0.13% 1,321.36 1,321.39 1,321.52
High Price Low Price Open Price Prev. Close 52 Week Range
1,330.75 1,320.08 1,322.74 1,323.05 - - -
Exchange Last Trade Size Trade Price Currency
GDAX 02:03:07 0.004668 1,321.39 USD
Price x Volume Volume Base Symbol Related Pairs
16,811,238.54 12,681.43 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Reverse Gains, Why ETH Could Dive Below $1K

17/06/2022 6:28am

NEWSBTC


Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support. Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline unless it clears $1,150 and $1,200 in the near term. Ethereum Price Remains At Risk Ethereum attempted a recovery wave above the $1,200 resistance zone. However, the bears were active near the $1,250 level. A high was formed near $1,256 and the price started a fresh decline. There was a move below the $1,200 and $1,150 levels. The price even settled below the $1,200 level and the 100 hourly simple moving average. A low was formed near $1,050 and ether is now consolidating losses. An immediate resistance is near the $1,090 level. There is also a connecting bearish trend line forming with resistance near $1,095 on the hourly chart of ETH/USD. The trend line is near the 23.6% Fib retracement level of the recent drop from the $1,256 swing high to $1,050 low. The next major resistance is near the $1,150 zone. It is close to the 50% Fib retracement level of the recent drop from the $1,256 swing high to $1,050 low. Any more gains might call for a test of the $1,200 level or the 100 hourly simple moving average. Source: ETHUSD on TradingView.com A clear move above the $1,200 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance. More Losses in ETH? If ethereum fails to rise above the $1,200 resistance, it could continue to move down. An initial support on the downside is near the $1,050 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 slide towards the $880 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,000 Major Resistance Level – $1,200

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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P: V:gb D:20221004 01:03:10