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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
  0.060 0.00% 1,323.05 1,322.95 1,323.17
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 02:11:28 0.000982 1,323.31 USD
Price x Volume Volume Base Symbol Related Pairs
18,996,651.28 14,334.10 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Tops Near $1,200, Why Dips Could Be Attractive

22/06/2022 6:28am

NEWSBTC


Ethereum started an upside correction above the $1,050 zone against the US Dollar. ETH traded close to the $1,200 resistance zone before it faced sellers. Ethereum started an upside correction above the $1,100 resistance zone. The price is now trading below $1,150 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could revisit the key $1,050 and $1,040 support levels in the near term. Ethereum Price Corrects Lower Ethereum was able to climb above the $1,050 resistance zone. ETH even recovered above the $1,120 resistance zone and settled above the 100 hourly simple moving average. Finally, the price surpassed the $1,150 resistance and traded close to the $1,200 level. A high was formed near $1,192 before the bears appeared. Ether price failed to continue higher and traded below the $1,150 level. There was a break below the 23.6% Fib retracement level of the upward move from the $880 swing low to $1,192 high. Besides, there was a break below a key bullish trend line with support near $1,180 on the hourly chart of ETH/USD. Ether price is now trading below $1,150 and the 100 hourly simple moving average. An immediate resistance is near the $1,120 level. The next major resistance is near the $1,150 zone. A clear move above the $1,150 resistance zone may perhaps push the price towards $1,200. Source: ETHUSD on TradingView.com The next major resistance is near the $1,250 level. Any more gains could start a move towards the $1,320 resistance in the near term. More Losses in ETH? If ethereum fails to rise above the $1,120 resistance, it could continue to move down. An initial support on the downside is near the $1,060 zone. The next major support is near the $1,050 zone. It is near the 50% Fib retracement level of the upward move from the $880 swing low to $1,192 high. Any more losses might call for a move towards the $1,000 support zone. 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 – $1,050 Major Resistance Level – $1,150

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 01:11:35