{"id":494507,"date":"2022-06-30T05:08:32","date_gmt":"2022-06-30T05:08:32","guid":{"rendered":"https:\/\/wncen.com\/?p=494507"},"modified":"2024-06-11T13:08:29","modified_gmt":"2024-06-11T13:08:29","slug":"ethereum-drop-below-1k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-drop-below-1k\/","title":{"rendered":"TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K"},"content":{"rendered":"
Ethereum declined below the $1,120 support against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,150 resistance.<\/em><\/p>\n Ethereum remained in a bearish zone<\/a> and extended losses below the $1,150 support zone. ETH failed to stay above the $1,120 support zone and moved further into a bearish zone.<\/p>\n The price even settled below the $1,000 support zone and tested the $1,075 zone. A low is formed near $1,076 and the price is now consolidating losses. It is trading well below $1,150 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,100 level. There is also a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the downward move from the $1,235 swing high to $1,076 low.<\/p>\n <\/a><\/p>\n The next major resistance is near the $1,150 zone. The 50% Fib retracement level of the downward move from the $1,235 swing high to $1,076 low is also near $1,150. A close above the $1,150 resistance zone could start a steady increase. In the stated case, the price could clear the $1,200 resistance. Any more gains might send the price towards the $1,235 high.<\/p>\n If ethereum fails to rise above the $1,150 resistance, it could continue to move down. An initial support on the downside is near the $1,075 zone.<\/p>\n The next major support is near the $1,050 zone. A close below the $1,050 level might push ether price further lower. In the stated case, ether price may perhaps decline towards the $1,000 level.<\/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 well below the 50 level.<\/p>\n Major Support Level \u2013 $1,050<\/p>\n Major Resistance Level \u2013 $1,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum declined below the $1,120 support against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,150 resistance. Ethereum remained in a bearish zone below $1,200 and $1,150 levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could decline further if there is a clear move below the $1,050 support zone. Ethereum Price Turns Red Ethereum remained in a bearish zone and extended losses below the $1,150 support zone. ETH failed to stay above the $1,120 support zone and moved further into a bearish zone. The price even settled below the $1,000 support zone and tested the $1,075 zone. A low is formed near $1,076 and the price is now consolidating losses. It is trading well below $1,150 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,100 level. There is also a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the downward move from the $1,235 swing high to $1,076 low. Source: ETHUSD on TradingView.com The next major resistance is near the $1,150 zone. The 50% Fib retracement level of the downward move from the $1,235 swing high to $1,076 low is also near $1,150. A close above the $1,150 resistance zone could start a steady increase. In the stated case, the price could clear the $1,200 resistance. Any more gains might send the price towards the $1,235 high. More Losses in ETH? If ethereum fails to rise above the $1,150 resistance, it could continue to move down. An initial support on the downside is near the $1,075 zone. The next major support is near the $1,050 zone. A close below the $1,050 level might push ether price further lower. In the stated case, ether price may perhaps decline towards the $1,000 level. 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 well below the 50 level. Major Support Level \u2013 $1,050 Major Resistance Level \u2013 $1,150<\/p>\n","protected":false},"author":67,"featured_media":464770,"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-494507","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 Turns Red<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n