ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next major hurdle is near the $3,000 level. A close above the $3,000 level might send Ether toward the $3,080 resistance. The next key resistance is near $3,120. An upside break above the $3,120 resistance might send the price higher toward the $3,250 resistance zone.<\/p>\n
More Losses In ETH?<\/h2>\n
If Ethereum fails to clear the $2,950 resistance, it could continue to move down. Initial support on the downside is near $2,820. The first major support sits near the $2,800 zone.<\/p>\n
A clear move below the $2,800 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\nMajor Support Level \u2013 $2,820<\/p>\n
Major Resistance Level \u2013 $2,950<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,000 zone. Ethereum Price Remains At Risk of More Downsides Ethereum price failed to start a recovery wave above the $3,080 and $3,120 resistance levels. ETH started another decline below the $3,000 support zone like Bitcoin. There was a move below the $2,950 and $2,920 support levels. The price declined 6% and even tested the $2,820 support. A low was formed at $2,825 and the price is now consolidating losses. The price is showing a lot of bearish signs and testing the 23.6% Fib retracement level of the downward move from the $3,077 swing high to the $2,825 low. Ethereum is trading below $3,000 and the 100-hourly Simple Moving Average. If there is a recovery wave, the price might face resistance near the $2,920 level. The first major resistance is near the $2,950 level. There is also a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,077 swing high to the $2,825 low. The next major hurdle is near the $3,000 level. A close above the $3,000 level might send Ether toward the $3,080 resistance. The next key resistance is near $3,120. An upside break above the $3,120 resistance might send the price higher toward the $3,250 resistance zone. More Losses In ETH? If Ethereum fails to clear the $2,950 resistance, it could continue to move down. Initial support on the downside is near $2,820. The first major support sits near the $2,800 zone. A clear move below the $2,800 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 zone. Major Support Level \u2013 $2,820 Major Resistance Level \u2013 $2,950<\/p>\n","protected":false},"author":67,"featured_media":628315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-628313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Settles Below $3K: Bearish Sentiment Points to Deeper Decline<\/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