ETHUSD on TradingView.com<\/a><\/p>\nThe next major resistance is near the $1,230 level. The key breakout zone sits near the $1,250 level. To move into a positive zone, the price must settle above $1,250. In the stated case, ether price may perhaps rise towards the $1,320 resistance zone. Any more gains might open the doors for a test of the $1,400 resistance zone.<\/p>\n
Fresh Decline in ETH?<\/h2>\n If ethereum fails to climb above the $1,230 resistance, it could start another decline. An initial support on the downside is near the $1,170 level and the 100 hourly simple moving average.<\/p>\n
The next major support is near the $1,150 level or the 50% Fib retracement level of the upward move from the $1,073 swing low to $1,215 high, below which ether price may perhaps gain bearish momentum. In the stated scenario, the price could decline towards the $1,070 support zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,150<\/p>\n
Major Resistance Level \u2013 $1,230<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum started a decent recovery wave above $1,180 against the US Dollar. ETH could start a fresh decline if it stays below the $1,250 resistance. Ethereum struggled to gain pace for a move above the $1,230 resistance level. The price is now trading above $1,170 and the 100 hourly simple moving average. There is a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh decline if there is no clear move above $1,230 and $1,250. Ethereum Price Faces Rejection Ethereum price started a recovery wave above the $1,150 resistance, similar to bitcoin. ETH even climbed above the $1,200 resistance and settled above the 100 hourly simple moving average. However, there was no test of the $1,230 resistance zone. Ether price traded as high as $1,215 and is currently correcting gains. There was a minor decline below the $1,200 level. It is now approaching the 23.6% Fib retracement level of the upward move from the $1,073 swing low to $1,215 high. It is now trading above $1,170 and the 100 hourly simple moving average. There is also a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,200 level and the channel trend line. Source: ETHUSD on TradingView.com The next major resistance is near the $1,230 level. The key breakout zone sits near the $1,250 level. To move into a positive zone, the price must settle above $1,250. In the stated case, ether price may perhaps rise towards the $1,320 resistance zone. Any more gains might open the doors for a test of the $1,400 resistance zone. Fresh Decline in ETH? If ethereum fails to climb above the $1,230 resistance, it could start another decline. An initial support on the downside is near the $1,170 level and the 100 hourly simple moving average. The next major support is near the $1,150 level or the 50% Fib retracement level of the upward move from the $1,073 swing low to $1,215 high, below which ether price may perhaps gain bearish momentum. In the stated scenario, the price could decline towards the $1,070 support zone. 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 $1,150 Major Resistance Level \u2013 $1,230<\/p>\n","protected":false},"author":67,"featured_media":506045,"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-510036","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
Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,250<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n