{"id":487783,"date":"2022-04-08T05:28:12","date_gmt":"2022-04-08T05:28:12","guid":{"rendered":"https:\/\/wncen.com\/?p=487783"},"modified":"2024-06-11T14:19:01","modified_gmt":"2024-06-11T14:19:01","slug":"ethereum-corrects-losses-3325","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-corrects-losses-3325\/","title":{"rendered":"TA: Ethereum Corrects Losses, Why 100 SMA Is The Key"},"content":{"rendered":"
Ethereum found bids near the $3,140 zone and corrected higher against the US Dollar. ETH price must clear $3,325 and the 100 hourly SMA to start a decent increase.<\/em><\/p>\n Ethereum traded as low as $3,143<\/a> before the bulls appeared. ETH formed a base above the $3,150 and started a decent upward move.<\/p>\n There was a break above the $3,200 resistance level. Ether price was able to clear the 23.6% Fib retracement level of the key drop from the $3,550 swing high to $3,143 low. However, it is still trading below $3,300 and the 100 hourly simple moving average.<\/p>\n On the upside, an initial resistance is seen near the $3,300 level. There is also a short-term rising channel forming with resistance near $3,300 on the hourly chart of ETH\/USD.<\/p>\n The next major resistance is near the $3,325 level and the 100 hourly simple moving average<\/a>. A clear move above the $3,325 level could even push the price above the 50% Fib retracement level of the key drop from the $3,550 swing high to $3,143 low.<\/p>\n <\/a><\/p>\n If ether price settles above the $3,325 and $3,345 resistance levels, it could start a steady increase. In the stated case, the price could climb above the $3,400 zone. The next key barrier is near the $3,450 level and a connecting bearish trend line.<\/p>\n If ethereum fails to start a fresh increase above the $3,325 level, it could start another key decline. An initial support on the downside is near the $3,230 zone.<\/p>\n The next major support is near the $3,200 level. If there is a downside break below the $3,200 support, the price could resume its decline. In the stated case, the price may even decline below the $3,143 low.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $3,200<\/p>\n Major Resistance Level \u2013 $3,325<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum found bids near the $3,140 zone and corrected higher against the US Dollar. ETH price must clear $3,325 and the 100 hourly SMA to start a decent increase. Ethereum traded as low as $3,143 and is currently correcting higher. The price is now trading below $3,300 and the 100 hourly simple moving average. There is a short-term rising channel forming with resistance near $3,300 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear $3,300 and the 100 hourly SMA to gain bullish momentum. Ethereum Price Eyes Recovery Ethereum traded as low as $3,143 before the bulls appeared. ETH formed a base above the $3,150 and started a decent upward move. There was a break above the $3,200 resistance level. Ether price was able to clear the 23.6% Fib retracement level of the key drop from the $3,550 swing high to $3,143 low. However, it is still trading below $3,300 and the 100 hourly simple moving average. On the upside, an initial resistance is seen near the $3,300 level. There is also a short-term rising channel forming with resistance near $3,300 on the hourly chart of ETH\/USD. The next major resistance is near the $3,325 level and the 100 hourly simple moving average. A clear move above the $3,325 level could even push the price above the 50% Fib retracement level of the key drop from the $3,550 swing high to $3,143 low. Source: ETHUSD on TradingView.com If ether price settles above the $3,325 and $3,345 resistance levels, it could start a steady increase. In the stated case, the price could climb above the $3,400 zone. The next key barrier is near the $3,450 level and a connecting bearish trend line. Fresh Decline in ETH? If ethereum fails to start a fresh increase above the $3,325 level, it could start another key decline. An initial support on the downside is near the $3,230 zone. The next major support is near the $3,200 level. If there is a downside break below the $3,200 support, the price could resume its decline. In the stated case, the price may even decline below the $3,143 low. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,200 Major Resistance Level \u2013 $3,325<\/p>\n","protected":false},"author":67,"featured_media":464009,"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-487783","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 Eyes Recovery<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n