{"id":471993,"date":"2021-09-20T05:08:22","date_gmt":"2021-09-20T05:08:22","guid":{"rendered":"https:\/\/wncen.com\/?p=471993"},"modified":"2024-06-11T13:58:47","modified_gmt":"2024-06-11T13:58:47","slug":"ethereum-plunges-to-3150","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-plunges-to-3150\/","title":{"rendered":"TA: Ethereum Plunges to $3,150: Can Bulls Save the Day?"},"content":{"rendered":"
Ethereum started another decline below the $3,400 support zone against the US Dollar. ETH price must stay above $3,150 to avoid more losses in the near term.<\/em><\/p>\n Ethereum failed to clear the main $3,500 resistance zone. ETH started a major decline below the $3,400 support zone and the 100 hourly simple moving average, similar to bitcoin<\/a>.<\/p>\n The price traded below the $3,320 and $3,250 support levels. Finally, ether spiked below $3,200, but the bulls were active near the key $3,150 support zone. A low is formed near $3,156 and the price is now consolidating losses.<\/p>\n An immediate resistance on the upside is near the $3,230 level. It is close to the 23.6% Fib retracement level of the recent drop from the $3,456 high to $3,156 low. The first major resistance is now forming near the $3,320 level (the last key support<\/a>).<\/p>\n <\/a><\/p>\n The 50% Fib retracement level of the recent drop from the $3,456 high to $3,156 low is also near $3,320. Besides, there is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH\/USD. A clear break and close above the $3,400 level could start another increase. The next major resistance sits near $3,500.<\/p>\n If ethereum fails to correct higher above the $3,250 and $3,320 resistance levels, it could start another decline. An initial support on the downside is near the $3,180 level.<\/p>\n The next major support seems to be forming near the $3,150 level. A downside break below the $3,150 support zone could spark a sharp decline. The next major support is near the $3,000 level, below which ether price might decline towards the $2,880 support zone in the near term.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well below the 50 level.<\/p>\n Major Support Level \u2013 $3,150<\/p>\n Major Resistance Level \u2013 $3,320<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started another decline below the $3,400 support zone against the US Dollar. ETH price must stay above $3,150 to avoid more losses in the near term. Ethereum started a fresh decline from the $3,500 and $3,550 resistance levels. The price is now trading below $3,300 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could a steady increase as long as it is above the $3,150 support zone. Ethereum Price is Eyeing Decent Recovery Ethereum failed to clear the main $3,500 resistance zone. ETH started a major decline below the $3,400 support zone and the 100 hourly simple moving average, similar to bitcoin. The price traded below the $3,320 and $3,250 support levels. Finally, ether spiked below $3,200, but the bulls were active near the key $3,150 support zone. A low is formed near $3,156 and the price is now consolidating losses. An immediate resistance on the upside is near the $3,230 level. It is close to the 23.6% Fib retracement level of the recent drop from the $3,456 high to $3,156 low. The first major resistance is now forming near the $3,320 level (the last key support). Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent drop from the $3,456 high to $3,156 low is also near $3,320. Besides, there is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH\/USD. A clear break and close above the $3,400 level could start another increase. The next major resistance sits near $3,500. More Losses in ETH? If ethereum fails to correct higher above the $3,250 and $3,320 resistance levels, it could start another decline. An initial support on the downside is near the $3,180 level. The next major support seems to be forming near the $3,150 level. A downside break below the $3,150 support zone could spark a sharp decline. The next major support is near the $3,000 level, below which ether price might decline towards the $2,880 support zone in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now well below the 50 level. Major Support Level \u2013 $3,150 Major Resistance Level \u2013 $3,320<\/p>\n","protected":false},"author":67,"featured_media":454376,"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-471993","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 Eyeing Decent Recovery<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n