{"id":496652,"date":"2022-07-26T04:28:07","date_gmt":"2022-07-26T04:28:07","guid":{"rendered":"https:\/\/wncen.com\/?p=496652"},"modified":"2024-06-11T14:21:53","modified_gmt":"2024-06-11T14:21:53","slug":"ethereum-takes-hit-1400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-takes-hit-1400\/","title":{"rendered":"TA: Ethereum Takes Hit, Why $1,400 Could Spark A Fresh Increase"},"content":{"rendered":"
Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.<\/em><\/p>\n Ethereum failed to recover losses and trade above the $1,550 level. ETH started another decline<\/a> and traded below the key $1,500 support zone.<\/p>\n It opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low.<\/p>\n There is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550.<\/p>\n <\/a><\/p>\n It is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase.<\/p>\n If ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone.<\/p>\n A clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing 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 $1,400<\/p>\n Major Resistance Level \u2013 $1,460<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave. Ethereum remained in a bearish zone and extended losses below $1,500. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a recovery wave unless there is a clear move below the $1,400 support. Ethereum Price Breaks Down Ethereum failed to recover losses and trade above the $1,550 level. ETH started another decline and traded below the key $1,500 support zone. It opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. There is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550. Source: ETHUSD on TradingView.com It is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase. More Losses in ETH? If ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone. A clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now well below the 50 level. Major Support Level \u2013 $1,400 Major Resistance Level \u2013 $1,460<\/p>\n","protected":false},"author":67,"featured_media":464597,"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":[8323,1946,8686,78803],"class_list":["post-496652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Breaks Down<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n