{"id":483442,"date":"2022-02-11T06:08:28","date_gmt":"2022-02-11T06:08:28","guid":{"rendered":"https:\/\/wncen.com\/?p=483442"},"modified":"2024-06-11T14:11:25","modified_gmt":"2024-06-11T14:11:25","slug":"ethereum-faces-rejection-3k-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-faces-rejection-3k-2\/","title":{"rendered":"TA: Ethereum Faces Rejection, Why ETH Could Nosedive Below $3K"},"content":{"rendered":"
Ethereum spiked towards $3,300 but failed to extend gains against the US Dollar. ETH price is correcting gains and there is a risk of a move below $3,030.<\/em><\/p>\n Ethereum extended increase<\/a> above the $3,200 level. ETH even climbed above the $3,250 level and the 100 hourly simple moving average. However, the bulls failed to gain strength above $3,250.<\/p>\n A high was formed near $3,283 and the price started a fresh decline. There was a move below the $3,200 and $3,150 support levels. Besides, there was a break below a major bullish trend line with support near $3,140 on the hourly chart of ETH\/USD.<\/p>\n The pair settled below $3,100 and the 100 hourly simple moving average<\/a>. It even spiked below the $3,030 support. A low is formed near $3,005 and the price is now consolidating losses.<\/p>\n An immediate resistance is near the $3,080 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,283 swing high to $3,005 low. The first major resistance is near the $3,120 level and the 100 hourly SMA.<\/p>\n <\/a><\/p>\n The main resistance is near the $3,150 level. It coincides with the 50% Fib retracement level of the recent decline from the $3,283 swing high to $3,005 low. A successful close above $3,150 might start another increase. In the stated case, the price could surpass the $3,220 and $3,250 levels.<\/p>\n If ethereum fails to start a fresh increase above $3,120 or $3,150, it could continue to move down. An initial support on the downside is near the $3,030 level.<\/p>\n The next major support is near the $3,000 level. A downside break below the $3,000 level might push the price towards the $2,950 level. The next major support is near the $2,800 level, below which there is a risk of a larger decline.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is below the 50 level.<\/p>\n Major Support Level \u2013 $3,000<\/p>\n Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum spiked towards $3,300 but failed to extend gains against the US Dollar. ETH price is correcting gains and there is a risk of a move below $3,030. Ethereum started a downside correction after it spiked above the $3,270 level. The price is now trading below $3,100 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $3,140 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above $3,030 and $3,020 to avoid a downside break in the near term. Ethereum Price Remains At Risk Ethereum extended increase above the $3,200 level. ETH even climbed above the $3,250 level and the 100 hourly simple moving average. However, the bulls failed to gain strength above $3,250. A high was formed near $3,283 and the price started a fresh decline. There was a move below the $3,200 and $3,150 support levels. Besides, there was a break below a major bullish trend line with support near $3,140 on the hourly chart of ETH\/USD. The pair settled below $3,100 and the 100 hourly simple moving average. It even spiked below the $3,030 support. A low is formed near $3,005 and the price is now consolidating losses. An immediate resistance is near the $3,080 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,283 swing high to $3,005 low. The first major resistance is near the $3,120 level and the 100 hourly SMA. Source: ETHUSD on TradingView.com The main resistance is near the $3,150 level. It coincides with the 50% Fib retracement level of the recent decline from the $3,283 swing high to $3,005 low. A successful close above $3,150 might start another increase. In the stated case, the price could surpass the $3,220 and $3,250 levels. More Losses in ETH? If ethereum fails to start a fresh increase above $3,120 or $3,150, it could continue to move down. An initial support on the downside is near the $3,030 level. The next major support is near the $3,000 level. A downside break below the $3,000 level might push the price towards the $2,950 level. The next major support is near the $2,800 level, below which there is a risk of a larger decline. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is below the 50 level. Major Support Level \u2013 $3,000 Major Resistance Level \u2013 $3,150<\/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-483442","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