{"id":481658,"date":"2022-01-21T05:08:59","date_gmt":"2022-01-21T05:08:59","guid":{"rendered":"https:\/\/wncen.com\/?p=481658"},"modified":"2024-06-11T07:47:51","modified_gmt":"2024-06-11T07:47:51","slug":"ethereum-nosedives-below-3k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-nosedives-below-3k\/","title":{"rendered":"TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend"},"content":{"rendered":"
Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term.<\/em><\/p>\n Ethereum failed to gain strength above the $3,250 level and started a major decline<\/a>. ETH formed a high near $3,272 before there was a major decline.<\/p>\n There was a sharp move below the $3,120 and $3,050 support levels. Besides, there was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH\/USD. Ether price even settled below the $3,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n The price spiked below the $2,900 level and traded as low as $2,808. It is now consolidating losses above the $2,800 level. An initial resistance is near the $2,900 zone. It is close to the 23.6% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low.<\/p>\n The first major resistance is near the $3,000 level or the 50% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low.<\/p>\n <\/a><\/p>\n If there is an upside break above $3,000 resistance, zone, the price could rise towards the 100 hourly simple moving average. The next major resistance is near the $3,200 level.<\/p>\n If ethereum fails to start a recovery wave above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,820 level.<\/p>\n The first key support is now forming near the $2,800 level. A downside break below the $2,800 level might start another strong decline. The next major support for the bulls may perhaps be near the $2,650 zone. Any more losses could push the price towards the $2,500 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now in the oversold zone.<\/p>\n Major Support Level \u2013 $2,800<\/p>\n Major Resistance Level \u2013 $3,000<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term. Ethereum extended decline below the $3,050 and $3,000 support levels. The price is trading below $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend losses if there is a clear move below the $2,800 support zone. Ethereum Price Dives 8% Ethereum failed to gain strength above the $3,250 level and started a major decline. ETH formed a high near $3,272 before there was a major decline. There was a sharp move below the $3,120 and $3,050 support levels. Besides, there was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH\/USD. Ether price even settled below the $3,000 level and the 100 hourly simple moving average. The price spiked below the $2,900 level and traded as low as $2,808. It is now consolidating losses above the $2,800 level. An initial resistance is near the $2,900 zone. It is close to the 23.6% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low. The first major resistance is near the $3,000 level or the 50% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low. Source: ETHUSD on TradingView.com If there is an upside break above $3,000 resistance, zone, the price could rise towards the 100 hourly simple moving average. The next major resistance is near the $3,200 level. More Losses in ETH? If ethereum fails to start a recovery wave above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,820 level. The first key support is now forming near the $2,800 level. A downside break below the $2,800 level might start another strong decline. The next major support for the bulls may perhaps be near the $2,650 zone. Any more losses could push the price towards the $2,500 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now in the oversold zone. Major Support Level \u2013 $2,800 Major Resistance Level \u2013 $3,000<\/p>\n","protected":false},"author":67,"featured_media":458757,"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-481658","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 Dives 8%<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n