TA: Ethereum Turns Red, Why ETH Must Hold This Key Support

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	377,409,098,108	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

377,409,098,108

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-12.90	-0.41%	3,142.97	3,142.96	3,142.97

Price Change

Price Change %

Current Price

Bid Price

Offer

-12.90

-0.41%

3,142.97

3,142.96

3,142.97

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,164.37	3,125.11	3,155.17	3,155.87	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,164.37

3,125.11

3,155.17

3,155.87

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:31:45	0.000945	3,142.97	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:31:45

0.000945

3,142.97

USD

Price x Volume	Volume	Base Symbol	Related Pairs
76,677,014.47	24,398.11	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

76,677,014.47

24,398.11

TA: Ethereum Turns Red, Why ETH Must Hold This Key Support

28/06/2022 5:28am

NEWSBTC

Ethereum declined below the $1,200 zone against the US Dollar. ETH is now at a risk of more losses if it fails to stay above the $1,150 support zone. Ethereum started a fresh decline from the $1,250 and $1,280 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a clear move below the $1,150 support zone. Ethereum Price Struggles Ethereum failed to continue higher above the $1,250 and $1,280 resistance levels. ETH formed a high near $1,281 and started a fresh decline. There was a clear move below the $1,220 and $1,200 support levels. Ether price declined below the 23.6% Fib retracement level of the upward move from the $1,043 swing low to $1,280 high. It is now trading below $1,200 and the 100 hourly simple moving average. Ether is also consolidating near the 50% Fib retracement level of the upward move from the $1,043 swing low to $1,280 high. An immediate resistance on the upside is near the $1,200 level. Besides, there is a major bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD. The next major resistance is near the $1,250 zone. A close above the $1,250 resistance zone could start a steady increase. In the stated case, the price could clear the $1,280 resistance. Source: ETHUSD on TradingView.com The next major resistance is near the $1,350 level, above which the price could even rise towards the $1,440 resistance level in the near term. 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 $1,150 zone. The next major support is near the $1,120 zone. A close below the $1,120 level might put a lot of pressure on the bulls. In the stated case, ether price may perhaps decline towards the $1,050 level or even $1,000 in the coming sessions. 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 well below the 50 level. Major Support Level – $1,150 Major Resistance Level – $1,200

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum