{"id":439036,"date":"2020-09-20T06:48:31","date_gmt":"2020-09-20T06:48:31","guid":{"rendered":"https:\/\/wncen.com\/?p=439036"},"modified":"2024-06-11T14:16:38","modified_gmt":"2024-06-11T14:16:38","slug":"ethereum-is-struggling-near-400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-is-struggling-near-400\/","title":{"rendered":"Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break"},"content":{"rendered":"
Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4).<\/em><\/p>\n This past week, Ethereum remained in a positive zone above the $360 resistance<\/a> against the US Dollar. ETH price even managed to surpass the $380 resistance zone to move further into a positive zone.<\/p>\n Ether price traded to a new weekly high at $395 and it is now well above the 100 simple moving average (4-hours). The price is currently correcting lower and trading below the $385 level. There was a break below the 23.6% Fib retracement level of the upward move from the $353 low to $395 high.<\/p>\n On the downside, the first major support<\/a> is near the $376 level and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $374 on the 4-hours chart of ETH\/USD.<\/p>\n <\/a><\/p>\n The trend line support coincides with the 50% Fib retracement level of the upward move from the $353 low to $395 high. On the upside, the price is facing hurdles near the $395 and $400 levels. A successful close above the $400 resistance zone is needed for a fresh rally towards the $420 level or $425.<\/p>\n If Ethereum fails to clear the $400 resistance zone, it might continue to move down. An initial support is near the $375 zone or the 100 simple moving average (4-hours).<\/p>\n If there is a downside break below the trend line support and the 100 SMA, there is a risk of a larger decline towards the $355 and $350 support levels in the near term.<\/p>\n Technical Indicators<\/p>\n 4 hours MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone.<\/p>\n 4 hours RSI – The RSI for ETH\/USD is still above the 50 level.<\/p>\n Major Support Level \u2013 $375<\/p>\n Major Resistance Level \u2013 $400<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4). ETH price is trading well above the $360 and $375 resistance levels against the US Dollar. The price traded to a new weekly high at $395 and it is above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $374 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher above $400 as long as it is above the 100 SMA (H4). Ethereum Price Holding Uptrend Support This past week, Ethereum remained in a positive zone above the $360 resistance against the US Dollar. ETH price even managed to surpass the $380 resistance zone to move further into a positive zone. Ether price traded to a new weekly high at $395 and it is now well above the 100 simple moving average (4-hours). The price is currently correcting lower and trading below the $385 level. There was a break below the 23.6% Fib retracement level of the upward move from the $353 low to $395 high. On the downside, the first major support is near the $376 level and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $374 on the 4-hours chart of ETH\/USD. Ethereum price trades above $380. Source: TradingView.com The trend line support coincides with the 50% Fib retracement level of the upward move from the $353 low to $395 high. On the upside, the price is facing hurdles near the $395 and $400 levels. A successful close above the $400 resistance zone is needed for a fresh rally towards the $420 level or $425. Downsides Supported in Ether (ETH)? If Ethereum fails to clear the $400 resistance zone, it might continue to move down. An initial support is near the $375 zone or the 100 simple moving average (4-hours). If there is a downside break below the trend line support and the 100 SMA, there is a risk of a larger decline towards the $355 and $350 support levels in the near term. Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone. 4 hours RSI – The RSI for ETH\/USD is still above the 50 level. Major Support Level \u2013 $375 Major Resistance Level \u2013 $400<\/p>\n","protected":false},"author":67,"featured_media":439038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625,4],"tags":[1946,8686,78803],"class_list":["post-439036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","category-analysis","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Holding Uptrend Support<\/h2>\n
Ethereum price trades above $380. Source: TradingView.com<\/a><\/pre>\n
Downsides Supported in Ether (ETH)?<\/h2>\n