TA: Ethereum Struggles Below $2.5K, Why 100 SMA Is The Key
28 Janvier 2022 - 06:08AM
NEWSBTC
Ethereum is consolidating below $2,500 against the US Dollar. ETH
price could continue to move down if there is no break above $2,500
and $2,550. Ethereum managed to stay above the $2,320 and $2,300
support levels. The price is still trading below $2,500 and the 100
hourly simple moving average. There is a major bearish trend line
forming with resistance near $2,450 on the hourly chart of ETH/USD
(data feed via Kraken). The pair could start a decent increase if
there is a clear move above $2,450 and $2,500. Ethereum Price Holds
Support Ethereum declined below the $2,550 support after there was
no upside break above $2,700. ETH even declined below the $2,400
level and the 100 hourly simple moving average. However, the bulls
were active near the $2,300 zone. A low is formed near $2,316 and
the price is now correcting higher. There was a move above the
$2,400 level. Ether price even climbed above the 23.6% Fib
retracement level of the downward move from the $2,729 swing high
to $2,316 low. It is still trading below $2,500 and the 100 hourly
simple moving average. An immediate resistance on the upside is
near the $2,450 level. Besides, there is a major bearish trend line
forming with resistance near $2,450 on the hourly chart of ETH/USD.
The first major resistance is near the $2,500 level. A clear move
above the $2,500 resistance might start a steady increase. In the
stated case, the pair could even surpass the $2,550 level. Source:
ETHUSD on TradingView.com The next key hurdle could be $2,630. It
is near the 76.4% Fib retracement level of the downward move from
the $2,729 swing high to $2,316 low. More Losses in ETH? If
ethereum fails to start a fresh increase above the $2,500 level, it
could start a fresh decline. An initial support on the downside is
near the $2,350 level. The first key support is now forming near
the $2,315 level. If there is a downside break below the $2,315 and
$2,300 levels, the price could accelerate lower. The next major
support for the bulls may perhaps be near the $2,220 level.
Technical Indicators Hourly MACD – The MACD for ETH/USD is losing
pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now
just above the 50 level. Major Support Level – $2,315 Major
Resistance Level – $2,500
Ethereum (COIN:ETHUSD)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024
Ethereum (COIN:ETHUSD)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024