{"id":495367,"date":"2022-07-12T04:28:13","date_gmt":"2022-07-12T04:28:13","guid":{"rendered":"https:\/\/wncen.com\/?p=495367"},"modified":"2024-06-11T14:21:28","modified_gmt":"2024-06-11T14:21:28","slug":"ethereum-breakdown-real-deal-1k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-breakdown-real-deal-1k\/","title":{"rendered":"TA: Ethereum Breakdown Looks like the Real Deal, $1K Is The Key"},"content":{"rendered":"
Ethereum gained pace and traded below $1,150 against the US Dollar. ETH could decline heavily if there is a close below $1,000.<\/em><\/p>\n Ethereum failed to stay above the $1,200 level and moved into a bearish zone<\/a>. ETH followed a bearish path and declined below the $1,150 support zone.<\/p>\n There was a clear move below the 61.8% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. The price is now trading below $1,150 and the 100 hourly simple moving average<\/a>.<\/p>\n It is also trading below the 76.4% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. However, there is a key support near the $1,085 level. If ether price stays above $1,085, it could correct higher.<\/p>\n An immediate resistance on the upside is near the $1,130 level. The next major resistance is near the $1,150 zone. Besides, there is a key bearish trend line forming with resistance near $1,145 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n The next key barrier is near the $1,200 level, above which the price could gain strength. In the stated case, the price could rise towards the $1,280 resistance zone.<\/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 $1,085 zone. The next major support is near the $1,050 zone.<\/p>\n A downside break below the $1,050 support may perhaps send the price further lower. In the stated case, the price could drop toward the $1,000 level. Any more losses below the $1,000 level may perhaps set the pace for a sharp decline.<\/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 40 level.<\/p>\n Major Support Level \u2013 $1,085<\/p>\n Major Resistance Level \u2013 $1,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained pace and traded below $1,150 against the US Dollar. ETH could decline heavily if there is a close below $1,000. Ethereum started a fresh decline below the $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 $1,145 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,085 level. Ethereum Price Drops Further Ethereum failed to stay above the $1,200 level and moved into a bearish zone. ETH followed a bearish path and declined below the $1,150 support zone. There was a clear move below the 61.8% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. The price is now trading below $1,150 and the 100 hourly simple moving average. It is also trading below the 76.4% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. However, there is a key support near the $1,085 level. If ether price stays above $1,085, it could correct higher. An immediate resistance on the upside is near the $1,130 level. The next major resistance is near the $1,150 zone. Besides, there is a key bearish trend line forming with resistance near $1,145 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The next key barrier is near the $1,200 level, above which the price could gain strength. In the stated case, the price could rise towards the $1,280 resistance zone. 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 $1,085 zone. The next major support is near the $1,050 zone. A downside break below the $1,050 support may perhaps send the price further lower. In the stated case, the price could drop toward the $1,000 level. Any more losses below the $1,000 level may perhaps set the pace for a sharp decline. 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 40 level. Major Support Level \u2013 $1,085 Major Resistance Level \u2013 $1,150<\/p>\n","protected":false},"author":67,"featured_media":487709,"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-495367","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 Drops Further<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n