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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 166,240,216,325 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  25.73 1.90% 1,378.46 1,378.37 1,378.55
High Price Low Price Open Price Prev. Close 52 Week Range
1,384.41 1,352.77 1,353.32 1,352.73 880.00 - 4,867.81
Exchange Last Trade Size Trade Price Currency
GDAX 05:27:49 0.002103 1,378.46 USD
Price x Volume Volume Base Symbol Related Pairs
118,744,736.96 86,532.71 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100

01/07/2022 6:38am

NEWSBTC


Ethereum is struggling below $1,100 against the US Dollar. ETH could continue lower below the $1,000 support unless there is a clear move above the $1,100 zone. Ethereum remained in a bearish zone below $1,120 and $1,100 levels. The price is now trading below $1,120 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,030 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline again unless there is a clear move above the $1,100 resistance zone. Ethereum Price Faces Resistance Ethereum remained in a bearish zone and extended losses below the $1,100 support zone. ETH even broke the $1,050 level to move further into a bearish zone. Finally, ether price spiked below the $1,000 level and traded as low as $997. Recently, there was a sharp upward move above the $1,050 level. The price surged above the 23.6% Fib retracement level of the downward move from the $1,235 swing high to $997 low. Besides, there was a break above a major bearish trend line with resistance near $1,030 on the hourly chart of ETH/USD. However, the bears were active near the $1,100 resistance zone. Ether is now trading below $1,120 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,100 level. The next major resistance is near the $1,120 zone. The 50% Fib retracement level of the downward move from the $1,235 swing high to $997 low is also near $1,120. A close above the $1,120 resistance zone could start a steady increase. Source: ETHUSD on TradingView.com In the stated case, the price could rise towards the $1,200 resistance. Any more gains might send the price towards the $1,235 high. 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 $1,045 zone. The next major support is near the $1,000 zone. A close below the $1,000 level might push ether price further lower. In the stated case, ether price may perhaps decline towards the $925 level. 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 near the 50 level. Major Support Level – $1,045 Major Resistance Level – $1,120

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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P: V:gb D:20221006 04:27:49