{"id":489008,"date":"2022-04-27T04:28:50","date_gmt":"2022-04-27T04:28:50","guid":{"rendered":"https:\/\/wncen.com\/?p=489008"},"modified":"2024-06-11T11:29:20","modified_gmt":"2024-06-11T11:29:20","slug":"ethereum-revisits-2-8k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-revisits-2-8k\/","title":{"rendered":"TA: Ethereum Revisits $2.8K, Why Upsides Might Be Limited"},"content":{"rendered":"
Ethereum started another decline from the $3,030 resistance against the US Dollar. ETH even spiked below $2,800 and currently attempting an upside correction.<\/em><\/p>\n Ethereum failed to gain pace for a move above the $3,030 resistance<\/a>. ETH formed a top and started a major decline below the $2,950 support. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n There was a sharp move below the $2,900 level and the 100 hourly simple moving average<\/a>. Ether price even spiked below the $2,800 support zone. A new weekly low is formed near $2,766 and the price is now consolidating losses. It recovered above the $2,800 level.<\/p>\n There was a break above the 23.6% Fib retracement level of the recent decline from the $3,041 swing high to $2,766 low. On the upside, an initial resistance is seen near the $2,860 level.<\/p>\n The next major resistance is near the $2,900 level. There is also a key bearish trend line forming with resistance near $2,910 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $3,041 swing high to $2,766 low.<\/p>\n <\/a><\/p>\n A clear move above the $2,910 resistance might start another increase. The next major resistance on the upside might be $2,950. Any more gains may perhaps send the price towards the $3,030 resistance.<\/p>\n If ethereum fails to gain pace above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,800 zone.<\/p>\n\n
Ethereum Price Restarts Decline<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n