{"id":494427,"date":"2022-06-29T05:28:02","date_gmt":"2022-06-29T05:28:02","guid":{"rendered":"https:\/\/wncen.com\/?p=494427"},"modified":"2024-06-11T14:21:08","modified_gmt":"2024-06-11T14:21:08","slug":"ethereum-topside-bias-vulnerable-1k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-topside-bias-vulnerable-1k\/","title":{"rendered":"TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.2K"},"content":{"rendered":"
Ethereum declined below the $1,150 zone against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,200 pivot zone.<\/em><\/p>\n Ethereum remained in a bearish zone below the $1,280 and $1,250 resistance levels<\/a>. ETH started a fresh decline and traded below the key $1,200 support zone.<\/p>\n The decline gained pace below the $1,180 level and the 100 hourly simple moving average. As a result, the bears were able to push the price below the $1,150 support. A low is formed near $1,132 and the price is now consolidating losses.<\/p>\n Ether is now trading well below $1,200 and the 100 hourly simple moving average<\/a>. There is also a connecting trend line in place with support at $1,130 on the hourly chart of ETH\/USD.<\/p>\n An immediate resistance on the upside is near the $1,155 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,235 swing high to $1,132 low. The next major resistance is near the $1,175 zone. The first major hurdle is near the $1,180 level and the 100 hourly simple moving average.<\/p>\n The 50% Fib retracement level of the recent decline from the $1,235 swing high to $1,132 low is also near $1,180. A close above the $1,180 resistance zone could start a steady increase. In the stated case, the price could clear the $1,200 resistance.<\/p>\n <\/a><\/p>\n The next major resistance is near the $1,235 level, above which the price could even rise towards the $1,280 resistance level in the near term.<\/p>\n If ethereum fails to rise above the $1,180 resistance, it could continue to move down. An initial support on the downside is near the $1,120 zone.<\/p>\n The next major support is near the $1,080 zone. A close below the $1,080 level might spark a sharp decline. In the stated case, ether price may perhaps decline towards the $1,000 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum 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 $1,120<\/p>\n Major Resistance Level \u2013 $1,180<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum declined below the $1,150 zone against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,200 pivot zone. Ethereum started a fresh decline below the $1,220 and $1,200 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting trend line in place with support at $1,130 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could decline further is a clear move below the $1,120 support zone. Ethereum Price Remains At Risk Ethereum remained in a bearish zone below the $1,280 and $1,250 resistance levels. ETH started a fresh decline and traded below the key $1,200 support zone. The decline gained pace below the $1,180 level and the 100 hourly simple moving average. As a result, the bears were able to push the price below the $1,150 support. A low is formed near $1,132 and the price is now consolidating losses. Ether is now trading well below $1,200 and the 100 hourly simple moving average. There is also a connecting trend line in place with support at $1,130 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,155 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,235 swing high to $1,132 low. The next major resistance is near the $1,175 zone. The first major hurdle is near the $1,180 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent decline from the $1,235 swing high to $1,132 low is also near $1,180. A close above the $1,180 resistance zone could start a steady increase. In the stated case, the price could clear the $1,200 resistance. Source: ETHUSD on TradingView.com The next major resistance is near the $1,235 level, above which the price could even rise towards the $1,280 resistance level in the near term. More Losses in ETH? If ethereum fails to rise above the $1,180 resistance, it could continue to move down. An initial support on the downside is near the $1,120 zone. The next major support is near the $1,080 zone. A close below the $1,080 level might spark a sharp decline. In the stated case, ether price may perhaps decline towards the $1,000 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now well below the 50 level. Major Support Level \u2013 $1,120 Major Resistance Level \u2013 $1,180<\/p>\n","protected":false},"author":67,"featured_media":461426,"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-494427","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 Remains At Risk<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n