{"id":448364,"date":"2020-10-30T05:48:30","date_gmt":"2020-10-30T05:48:30","guid":{"rendered":"https:\/\/wncen.com\/?p=448364"},"modified":"2024-06-11T14:07:44","modified_gmt":"2024-06-11T14:07:44","slug":"ethereum-approaches-crucial-breakout-382","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-approaches-crucial-breakout-382\/","title":{"rendered":"TA: It\u2019s Decision Time for Ethereum As It Approaches a Crucial Breakout Pattern"},"content":{"rendered":"
Ethereum is stuck in a crucial range above the $382 support against the US Dollar. ETH price could either jump above $392 or it might nosedive below $380.<\/em><\/p>\n In the past few sessions, Ethereum saw an increase in selling pressure below the $400 support<\/a>. ETH price settled below the $392 support and the 100 hourly simple moving average.<\/p>\n The price even spiked below the $385 support, but it remained stable above the $382 support. Recently, bitcoin price<\/a> started a fresh increase from the $13,000 support, but ether price remained in a range. It seems like the price is trading in a range above the $382 support and below the $392 resistance.<\/p>\n An initial resistance is near the 23.6% Fib retracement level of the recent decline from the $410 high to $382 swing low. There is also a crucial bearish trend line forming with resistance near $390 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n The main resistance is near the $392 level and the 100 hourly simple moving average. The next resistance is near the $395 level or the 50% Fib retracement level of the recent decline from the $410 high to $382 swing low.<\/p>\n Ether price must break the $392 resistance and then gain strength above the $395 barrier to move back into a positive zone. In the stated case, the price could climb above $400 and $405.<\/p>\n If Ethereum fails to clear the $392 and $395 resistance levels, there is a risk of a bearish break. The key range support seems to be forming near the $382 and $380 levels.<\/p>\n A clear break below the range support might open the doors for a massive decline below the $380 support zone. The next major support on the downside is near the $365 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is struggling to move back into the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well below the 50 level.<\/p>\n Major Support Level \u2013 $382<\/p>\n Major Resistance Level \u2013 $392<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is stuck in a crucial range above the $382 support against the US Dollar. ETH price could either jump above $392 or it might nosedive below $380. Ethereum is struggling to stay above the key $382 and $380 support levels. The price is currently trading in a range above the $382 support and below the $392 resistance. There is a crucial bearish trend line forming with resistance near $390 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $390 and $392 resistance levels. Ethereum Price is Facing Heavy Resistance In the past few sessions, Ethereum saw an increase in selling pressure below the $400 support. ETH price settled below the $392 support and the 100 hourly simple moving average. The price even spiked below the $385 support, but it remained stable above the $382 support. Recently, bitcoin price started a fresh increase from the $13,000 support, but ether price remained in a range. It seems like the price is trading in a range above the $382 support and below the $392 resistance. An initial resistance is near the 23.6% Fib retracement level of the recent decline from the $410 high to $382 swing low. There is also a crucial bearish trend line forming with resistance near $390 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The main resistance is near the $392 level and the 100 hourly simple moving average. The next resistance is near the $395 level or the 50% Fib retracement level of the recent decline from the $410 high to $382 swing low. Ether price must break the $392 resistance and then gain strength above the $395 barrier to move back into a positive zone. In the stated case, the price could climb above $400 and $405. Downside Break in ETH? If Ethereum fails to clear the $392 and $395 resistance levels, there is a risk of a bearish break. The key range support seems to be forming near the $382 and $380 levels. A clear break below the range support might open the doors for a massive decline below the $380 support zone. The next major support on the downside is near the $365 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is struggling to move back into the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well below the 50 level. Major Support Level \u2013 $382 Major Resistance Level \u2013 $392<\/p>\n","protected":false},"author":67,"featured_media":448366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-448364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price is Facing Heavy Resistance<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Downside Break in ETH?<\/h2>\n