{"id":481585,"date":"2022-01-20T05:08:11","date_gmt":"2022-01-20T05:08:11","guid":{"rendered":"https:\/\/wncen.com\/?p=481585"},"modified":"2024-06-11T07:43:09","modified_gmt":"2024-06-11T07:43:09","slug":"ethereum-key-3k-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-key-3k-support\/","title":{"rendered":"TA: Ethereum Plunges, Can Buyers Save The Key $3K Support?"},"content":{"rendered":"
Ethereum extended decline below the $3,100 support zone against the US Dollar. ETH price must stay above $3,000 to avoid a sharp decline.<\/em><\/p>\n Ethereum failed to settle above $3,200 and extended decline<\/a> below the $3,120 support zone. ETH even broke the $3,080 level and settled below the 100 hourly simple moving average.<\/p>\n A low is formed near $3,050 and currently correcting losses. There was a minor recovery wave above the $3,100 level. Ether price climbed above the 50% Fib retracement level of the recent decline from the $3,195 swing high to $3,050 low.<\/p>\n The first major resistance<\/a> is near the $3,135 level. There is also a key bearish trend line forming with resistance near $3,140 on the hourly chart of ETH\/USD. The trend line is near the 61.8% Fib retracement level of the recent decline from the $3,195 swing high to $3,050 low.<\/p>\n <\/a><\/p>\n If there is an upside break above the trend line, the price could rise towards the $3,190 resistance zone and the 100 hourly simple moving average. The next major resistance is near the $3,200 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,300 in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $3,150 level, it could continue to move down. An initial support on the downside is near the $3,080 level.<\/p>\n The first key support is now forming near the $3,050 level. A downside break below the $3,050 level might even spark a move below the $3,000 level. The next major support for the bulls may perhaps be near the $2,880 zone. Any more losses could push the price towards the $2,750 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now near the 50 level.<\/p>\n Major Support Level \u2013 $3,050<\/p>\n Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended decline below the $3,100 support zone against the US Dollar. ETH price must stay above $3,000 to avoid a sharp decline. Ethereum extended decline below the $3,120 and $3,100 levels. The price is trading below $3,150 and the 100 hourly simple moving average. There is a key 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 decent increase if there is a clear move above the $3,200 resistance zone. Ethereum Price Keeps Struggling Ethereum failed to settle above $3,200 and extended decline below the $3,120 support zone. ETH even broke the $3,080 level and settled below the 100 hourly simple moving average. A low is formed near $3,050 and currently correcting losses. There was a minor recovery wave above the $3,100 level. Ether price climbed above the 50% Fib retracement level of the recent decline from the $3,195 swing high to $3,050 low. The first major resistance is near the $3,135 level. There is also a key bearish trend line forming with resistance near $3,140 on the hourly chart of ETH\/USD. The trend line is near the 61.8% Fib retracement level of the recent decline from the $3,195 swing high to $3,050 low. Source: ETHUSD on TradingView.com If there is an upside break above the trend line, the price could rise towards the $3,190 resistance zone and the 100 hourly simple moving average. The next major resistance is near the $3,200 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,300 in the near term. More Losses in ETH? If ethereum fails to start a fresh increase above the $3,150 level, it could continue to move down. An initial support on the downside is near the $3,080 level. The first key support is now forming near the $3,050 level. A downside break below the $3,050 level might even spark a move below the $3,000 level. The next major support for the bulls may perhaps be near the $2,880 zone. Any more losses could push the price towards the $2,750 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now near the 50 level. Major Support Level \u2013 $3,050 Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"author":67,"featured_media":464347,"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-481585","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 Keeps Struggling<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n