Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.
- Ethereum gained bearish momentum below the $1,350 and $1,320 support levels.
- Cijena se sada trguje ispod 1,300 američkih dolara i 100 pokretnih prosjeka po satu.
- There was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could extend its decline towards the $1,220 and $1,200 support levels.
Cijena Ethereuma ponovo pada
Ethereum attempted a decent increase above the $1,350 level. ETH even broke the $1,380, similar to Bitcoin. However, the bulls failed to clear the $1,400 resistance zone.
A high was formed near $1,399 and the price started a fresh decline. There was a clear move below the $1,350 and $1,320 support levels. There was a clear move below the 76.4% Fib retracement level of the upward move from the $1,269 swing low to $1,399 high.
Besides, there was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH/USD. Ether price is also trading below $1,300 and the 100 satni jednostavan klizni prosjek.
On the upside, the price is facing resistance near the $1,290 and $1,300 levels. The next major resistance is near $1,325 level and the 100 hourly SMA. A clear break above $1,325 might start a decent increase towards the $1,380 level.
Izvor: ETHUSD na TradingView.com
Any more gains may perhaps open the doors for a move towards the $1,400 resistance, above which the bulls could aim a strong increase.
Više gubitaka u ETH?
If ethereum fails to climb above the $1,325 resistance, it could continue to move down. An initial support on the downside is near the $1,270.
The next major support is near the $1,240 level. It is near the 1.236 Fib extension level of the upward move from the $1,269 swing low to $1,399 high. A downside break below the $1,240 level might send the price towards the $1,200 support in the near term. Any more losses could increase selling and the price might drop to $1,150.
Tehnički indikatori
Hourly MACD - MACD za ETH / USD sada uzima maha u medvjeđoj zoni.
Počasi RSI - RSI za ETH / USD sada je ispod nivoa 50.
Glavni nivo podrške - 1,240 USD
Glavni nivo otpora - 1,325 USD
Source: https://www.newsbtc.com/analysis/eth/ethereum-price-just-reversed-1200/