TA: Why Ethereum Remains At Risk of A Fresh Drop To $3K

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	376,241,132,509	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

376,241,132,509

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	31.29	1.01%	3,134.99	3,135.05	3,135.18

Price Change

Price Change %

Current Price

Bid Price

Offer

31.29

1.01%

3,134.99

3,135.05

3,135.18

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,167.85	3,093.87	3,100.69	3,103.70	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,167.85

3,093.87

3,100.69

3,103.70

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:12:38	0.095686	3,135.11	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:12:38

0.095686

3,135.11

USD

Price x Volume	Volume	Base Symbol	Related Pairs
68,469,287.93	21,931.35	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

68,469,287.93

21,931.35

TA: Why Ethereum Remains At Risk of A Fresh Drop To $3K

13/09/2021 6:48am

NEWSBTC

Ethereum is struggling to climb above $3,500 against the US Dollar. ETH price is moving lower and it could decline further below the $3,200 support zone Ethereum failed to clear the $3,450 level and started a fresh decline. The price is now trading well below $3,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a clear break below the $3,200 support zone. Ethereum Price is Struggling Below $3,400 Ethereum attempted a recovery wave above the $3,400 level. However, ETH struggled to clear the $3,450 resistance and it even failed to stay above the 100 hourly simple moving average. A high was formed near $3,450 and the price started a fresh decline, similar to bitcoin. There was a break below the $3,350 and $3,320 support levels. Ether traded below the 50% Fib retracement level of the upward move from the $3,148 swing low to $3,450 high. It is now trading well below $3,400 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD. Besides, it is now trading well below $3,400 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,320 level. The first major resistance is near the $3,380 level. A proper move above the $3,380 level and $3,400 could increase the chances of a steady increase. The next major resistance sits near $3,500. More Losses in ETH? If ethereum fails to continue higher above the $3,350 and $3,400 resistance levels, it could start another downward move. An immediate support on the downside is near the $3,220 level. The 76.4% Fib retracement level of the upward move from the $3,148 swing low to $3,450 high is also near $3,220. A downside break below the $3,220 and $3,200 support levels might push the price further lower. The next major support is now forming near the $3,150 zone, below which ether price might revisit $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,200 Major Resistance Level – $3,380

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum