{"id":495281,"date":"2022-07-11T05:28:32","date_gmt":"2022-07-11T05:28:32","guid":{"rendered":"https:\/\/wncen.com\/?p=495281"},"modified":"2024-06-11T11:51:54","modified_gmt":"2024-06-11T11:51:54","slug":"ethereum-revisits-key-support-1150","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-revisits-key-support-1150\/","title":{"rendered":"TA: Ethereum Revisits Key Support, Can The Bulls Protect More Losses"},"content":{"rendered":"
Ethereum started another decline below $1,200 against the US Dollar. ETH could decline heavily if there is a close below $1,150.<\/em><\/p>\n Ethereum attempted an upside break above the $1,275 resistance zone<\/a>. However, ETH failed to extend gains and started a fresh decline below the $1,220 level.<\/p>\n There was a clear move below the $1,200 level and the 100 hourly simple moving average<\/a>. Ether price traded below the 50% Fib retracement level of the upward move from the $1,076 swing low to $1,276 high. It is now struggling to stay above the $1,150 support zone.<\/p>\n The price is consolidating near the 61.8% Fib retracement level of the upward move from the $1,076 swing low to $1,276 high. There is also a major bearish trend line forming with resistance near $1,180 on the hourly chart of ETH\/USD.<\/p>\n An immediate resistance on the upside is near the $1,175 level. The next major resistance is near the trend line zone and $1,180, above which the price may perhaps rise towards $1,220.<\/p>\n <\/a><\/p>\n The key barrier is still near the $1,280 level, above which the price could gain strength. In the stated case, the price could rise towards the $1,350 resistance zone.<\/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 $1,123 zone. The next major support is near the $1,080 zone.<\/p>\n A downside break below the $1,080 support may perhaps send the price further lower. In the stated case, the price may perhaps decline toward the $1,020 level. If the price fails to stay above the $1,020 or $1,000, it could even slide towards the $950 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 $1,125<\/p>\n Major Resistance Level \u2013 $1,180<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started another decline below $1,200 against the US Dollar. ETH could decline heavily if there is a close below $1,150. Ethereum failed to clear the $1,280 resistance zone and declined below $1,200. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,180 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,150 level. Ethereum Price Takes A Hit Ethereum attempted an upside break above the $1,275 resistance zone. However, ETH failed to extend gains and started a fresh decline below the $1,220 level. There was a clear move below the $1,200 level and the 100 hourly simple moving average. Ether price traded below the 50% Fib retracement level of the upward move from the $1,076 swing low to $1,276 high. It is now struggling to stay above the $1,150 support zone. The price is consolidating near the 61.8% Fib retracement level of the upward move from the $1,076 swing low to $1,276 high. There is also a major bearish trend line forming with resistance near $1,180 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,175 level. The next major resistance is near the trend line zone and $1,180, above which the price may perhaps rise towards $1,220. Source: ETHUSD on TradingView.com The key barrier is still near the $1,280 level, above which the price could gain strength. In the stated case, the price could rise towards the $1,350 resistance zone. 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 $1,123 zone. The next major support is near the $1,080 zone. A downside break below the $1,080 support may perhaps send the price further lower. In the stated case, the price may perhaps decline toward the $1,020 level. If the price fails to stay above the $1,020 or $1,000, it could even slide towards the $950 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 $1,125 Major Resistance Level \u2013 $1,180<\/p>\n","protected":false},"author":67,"featured_media":462031,"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-495281","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 Takes A Hit<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n