{"id":469163,"date":"2021-08-13T05:08:06","date_gmt":"2021-08-13T05:08:06","guid":{"rendered":"https:\/\/wncen.com\/?p=469163"},"modified":"2024-06-11T13:57:41","modified_gmt":"2024-06-11T13:57:41","slug":"ethereum-steadies-above-3k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-steadies-above-3k\/","title":{"rendered":"Ethereum (ETH) Steadies Above $3K, What Could Trigger Fresh Drop"},"content":{"rendered":"
Ethereum is holding gains above the $3,000 support zone against the US Dollar. ETH price is now facing resistance near the $3,150 and $3,180 levels.<\/em><\/p>\n Ethereum struggled to stay above the $3,200 zone and started a fresh decline, similar to bitcoin<\/a>. ETH price broke the $3,180 support level and the 100 hourly simple moving average to move into a short-term bearish zone.<\/p>\n The price even broke the $3,100 level and spiked below the $3,000 level. A low was formed near $2,980 before the price started a decent recovery. It climbed above the $3,050 resistance level and reclaimed the 100 hourly simple moving average<\/a>.<\/p>\n There was a break above the 23.6% Fib retracement level of the recent decline from the $3,280 high to $2,980 low. However, ether price is now facing a strong resistance near the $3,150 level.<\/p>\n There is also a major bearish trend line forming with resistance near $3,140 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $3,280 high to $2,980 low. The main resistance is now forming near the $3,180 level.<\/p>\n <\/a><\/p>\n A clear break and close above the $3,150 and $3,180 resistance levels might start a fresh increase. The next key resistance might be near the $3,250 level, above which the price might rise towards the $3,350 resistance.<\/p>\n If ethereum fails to continue higher above the $3,150 and $3,180 resistance levels, it could start another decline. An immediate support on the downside is near the $3,080 level.<\/p>\n The first key support is near the $3,020 level. The main support is now forming near $3,000. A downside break below the $3,000 support zone could spark a sharp decline. The next major support could be $2,880.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly moving in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is back above the 50 level.<\/p>\n Major Support Level \u2013 $3,000<\/p>\n Major Resistance Level \u2013 $3,180<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is holding gains above the $3,000 support zone against the US Dollar. ETH price is now facing resistance near the $3,150 and $3,180 levels. Ethereum started a downside correction after it failed to stay above $3,200. The price is now recovering above $3,100 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,140 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh decline unless it surpasses the main $3,180 resistance zone. Ethereum Price is Facing Hurdles Ethereum struggled to stay above the $3,200 zone and started a fresh decline, similar to bitcoin. ETH price broke the $3,180 support level and the 100 hourly simple moving average to move into a short-term bearish zone. The price even broke the $3,100 level and spiked below the $3,000 level. A low was formed near $2,980 before the price started a decent recovery. It climbed above the $3,050 resistance level and reclaimed the 100 hourly simple moving average. There was a break above the 23.6% Fib retracement level of the recent decline from the $3,280 high to $2,980 low. However, ether price is now facing a strong resistance near the $3,150 level. There is also a major bearish trend line forming with resistance near $3,140 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $3,280 high to $2,980 low. The main resistance is now forming near the $3,180 level. Source: ETHUSD on TradingView.com A clear break and close above the $3,150 and $3,180 resistance levels might start a fresh increase. The next key resistance might be near the $3,250 level, above which the price might rise towards the $3,350 resistance. Fresh Drop in ETH? If ethereum fails to continue higher above the $3,150 and $3,180 resistance levels, it could start another decline. An immediate support on the downside is near the $3,080 level. The first key support is near the $3,020 level. The main support is now forming near $3,000. A downside break below the $3,000 support zone could spark a sharp decline. The next major support could be $2,880. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving in the bullish zone. Hourly RSI – The RSI for ETH\/USD is back above the 50 level. Major Support Level \u2013 $3,000 Major Resistance Level \u2013 $3,180<\/p>\n","protected":false},"author":67,"featured_media":459301,"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-469163","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 Hurdles<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Drop in ETH?<\/h2>\n