Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance.
- Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels.
- Cijena se sada trguje ispod 1,200 američkih dolara i 100 pokretnih prosjeka po satu.
- Postoji ključna bikovska linija trenda koja se formira s podrškom blizu 1,195 USD na satnom grafikonu ETH / USD (podatak podataka putem Kraken-a).
- The pair remains at a risk of a fresh decline if it stays below the $1,120 level or even $1,250.
Ethereum Price Still In Range
Ethereum price attempted an upside break above the $1,210 zone. ETH faced resistance below $1,220 and remained in a bearish zone, similar to Bitcoin.
A high was formed near $1,205 and there was a bearish reaction. The price traded as low as $1,192 and remained in a range. The price is now moving higher above $1,195. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low.
Cijena etera se sada trguje ispod 1,200 dolara i 100 satni jednostavan klizni prosjek. Tu je i ključna bikova linija trenda koja se formira s podrškom blizu 1,195 dolara na satu ETH / USD.
An immediate resistance is near the $1,200 level and the 100 hourly SMA. It is near the 50% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low.
The next major resistance is near the $1,210 level. The first major resistance is near $1,220. A close above the $1,220 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,250 resistance. The next major resistance could be $1,270, above which the price might rise towards the $1,300 resistance zone.
Novi pad u ETH?
If ethereum fails to climb above the $1,210 resistance, it could start another drop. An initial support on the downside is near the $1,195 level and the trend line.
Sljedeća velika podrška je blizu nivoa od $1,185. Probijanje na dole ispod 1,185 dolara moglo bi poslati cijenu prema podršci od 1,150 dolara. Bilo koji gubitak bi mogao zahtevati testiranje zone od 1,120 dolara.
Tehnički indikatori
Hourly MACD - MACD za ETH/USD sada gubi zamah u zoni medveda.
Počasi RSI - RSI za ETH/USD je sada blizu nivoa od 50.
Glavni nivo podrške - 1,185 USD
Glavni nivo otpora - 1,210 USD
Source: https://newsbtc.com/analysis/eth/ethereum-price-faces-hurdles-1250/