Ethereum declined close to 20% and it tested the $1,050 zone against the US Dollar. ETH price is currently recovering, but it might struggle near $1,200 e $1,250.
- Ethereum declined heavily after it broke the $1,250 e $1,200 livelli di supporto.
- The price is now correcting losses from $1,042, but it is well below the 100 media mobile oraria semplice.
- There is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could correct further, but the previous support near $1,250 is likely to act as a strong resistance.
Ethereum Price is Recovering Losses
Nel passato 3-4 sessions, there was a nasty decline in bitcoin and Ethereum below $32,000 e $1,200 rispettivamente. ETH price nosedived almost 20% and it broke many supports such as $1,150 e $1,120.
It traded close to $1,040 and settled well below the 100 media mobile oraria semplice. A low is formed near $1,042 and the price is currently correcting higher. C'è stata una pausa sopra il $1,100 resistance level and the price is showing a few positive signs.
Ether is trading above the 23.6% Fib retracement level of the recent decline from the $1,389 oscillare in alto a $1,042 Basso. Al rialzo, the first key resistance is near the $1,200 livello.
fonte: ETHUSD su TradingView.com
The next resistance could be near $1,215 or the 50% Fib retracement level of the recent decline from the $1,389 oscillare in alto a $1,042 Basso. There is also a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD.
If there is a clear break above $1,215, the price is likely to face a strong selling interest near the $1,250 livello nelle prossime sessioni. Any more gains could open the doors for a fresh rally towards $1,400.
Fresh Dip in ETH?
If ethereum fails to recover above the $1,200 e $1,210 livelli, there is a risk of a fresh decline. Un supporto iniziale al ribasso è vicino a $1,120 livello.
Il primo grande supporto è vicino al $1,100 livello. The main support is now forming near the $1,050 livello. If ether fails to stay above the $1,050 supporto, it could even decline below the $1,000 livello di supporto.
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
RSI orario – The RSI for ETH/USD is currently rising towards the 40 livello.
Livello di supporto principale - $1,120
Livello di resistenza maggiore - $1,250
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