– <\/strong>The RSI for ETH\/USD is now well below the 50 level, with a bearish angle.<\/p>\nMajor Support Level \u2013 $142<\/p>\n
Major Resistance Level \u2013 $150<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is declining and it recently traded below the $148 support against the US Dollar. The price is currently below $145 and it seems like there is a risk of more downsides. Yesterday\u2019s key bearish trend line is active with resistance near $147 on the hourly chart of ETH\/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $146 and $148. Ethereum price is declining further below key supports versus the US Dollar, similar to bitcoin. ETH price remains at a risk of another drop towards the $135 and $132 levels. Ethereum Price Analysis Recently, Ethereum made a couple of attempts to climb above the $150 and $152 resistance levels against the US Dollar. However, ETH price struggled to gain momentum above $150 and the 100 hourly simple moving average. As a result, there was another bearish reaction below the $148 support area. Moreover, the price broke a couple of important supports near the $145 level. Finally, the price traded to a new weekly low near $143 and it is currently consolidating losses. The price is trading near the 23.6% Fib retracement level of the recent drop from the $149 high to $143 low. On the upside, there are many resistances near the $146 and $148 levels. Besides, the 50% Fib retracement level of the recent drop from the $149 high to $143 low is near the $146 level. It seems like the previous support near $146 is likely to act as a strong hurdle for Ethereum bulls. More importantly, yesterday\u2019s key bearish trend line is active with resistance near $147 on the hourly chart of ETH\/USD. Therefore, a successful break above the $148 resistance area is needed for a push above $150. An intermediate resistance is near $149 since the 100 hourly simple moving average is waiting to stop the upside. On the downside, the recent low near $143 is a short term support. If the price continues to move down, it could even break the $142 and $140 support levels. The main supports are near the $135 and $132 levels, below which the bulls are likely to give up in the near term. Looking at the chart, Ethereum price is clearly extending its decline below the $150 and $148 levels. As long as there is no close above the $150 resistance, the price may perhaps continue to move down towards $135. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is currently gaining pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now well below the 50 level, with a bearish angle. Major Support Level \u2013 $142 Major Resistance Level \u2013 $150<\/p>\n","protected":false},"author":67,"featured_media":393886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-406138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
Ethereum (ETH) Diving Below $150, Bitcoin Breaks Key Support<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n