{"id":503000,"date":"2022-09-21T05:18:10","date_gmt":"2022-09-21T05:18:10","guid":{"rendered":"https:\/\/wncen.com\/?p=503000"},"modified":"2024-06-11T14:26:24","modified_gmt":"2024-06-11T14:26:24","slug":"ethereum-struggle-below-1-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-struggle-below-1-4k\/","title":{"rendered":"TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.4K"},"content":{"rendered":"
Ethereum is struggling to gain pace above $1,350 against the US Dollar. ETH must clear the $1,380 and $1,400 levels to start a steady increase.<\/em><\/p>\n Ethereum formed a base above the $1,300 level and recently started an upside correction<\/a>. ETH was able to recover above the $1,320 and $1,325 levels.<\/p>\n There was a move above the $1,350 resistance. Ether price climbed above the 38.2% Fib retracement level of the downward move from the $1,475 swing high to $1,282 low. The price even spiked above the $1,375 level, but upsides were limited.<\/p>\n The price failed to gain pace above the 50% Fib retracement level of the downward move from the $1,475 swing high to $1,282 low. It is now trading below $1,400 and the 100 hourly simple moving average.<\/p>\n On the upside, the price is facing resistance near the $1,350 level. There is also a new connecting bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD. The next major resistance is near $1,380 and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n The main resistance sits near the $1,400 level. A clear break above $1,400 might start a decent increase towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance.<\/p>\n If ethereum fails to rise above the $1,350 resistance and the 100 hourly simple moving average, it could start a fresh decline. An initial support on the downside is near the $1,300 zone.<\/p>\n The next major support is near $1,280. A downside break below the $1,280 support might increase selling pressure. In the stated case, ether price might drop towards the $1,200 level in the near term.<\/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 below the 50 level.<\/p>\n Major Support Level \u2013 $1,300<\/p>\n Major Resistance Level \u2013 $1,400<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is struggling to gain pace above $1,350 against the US Dollar. ETH must clear the $1,380 and $1,400 levels to start a steady increase. Ethereum is facing an increase in selling below the $1,400 level. The price is now trading below $1,400 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could recover further if there is a clear move above the $1,400 resistance zone. Ethereum Price Recovers Slightly Ethereum formed a base above the $1,300 level and recently started an upside correction. ETH was able to recover above the $1,320 and $1,325 levels. There was a move above the $1,350 resistance. Ether price climbed above the 38.2% Fib retracement level of the downward move from the $1,475 swing high to $1,282 low. The price even spiked above the $1,375 level, but upsides were limited. The price failed to gain pace above the 50% Fib retracement level of the downward move from the $1,475 swing high to $1,282 low. It is now trading below $1,400 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,350 level. There is also a new connecting bearish trend line forming with resistance near $1,350 on the hourly chart of ETH\/USD. The next major resistance is near $1,380 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com The main resistance sits near the $1,400 level. A clear break above $1,400 might start a decent increase towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance. Fresh Decline in ETH? If ethereum fails to rise above the $1,350 resistance and the 100 hourly simple moving average, it could start a fresh decline. An initial support on the downside is near the $1,300 zone. The next major support is near $1,280. A downside break below the $1,280 support might increase selling pressure. In the stated case, ether price might drop towards the $1,200 level in the near term. 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 below the 50 level. Major Support Level \u2013 $1,300 Major Resistance Level \u2013 $1,400<\/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":[8323,1946,8686,78803],"class_list":["post-503000","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 Recovers Slightly<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n