Ethereum struggled to clear $1,150 and started a fresh decline against the US Dollar. ETH price is currently trading well below the 100 hourly SMA and $1,100.
- Ethereum is showing a few bearish signs after getting rejected from the $1,150 weerstand zone.
- De prijs handelt nu ver beneden $1,100 en de 100 eenvoudig voortschrijdend gemiddelde per uur.
- There is a key bearish trend line in place with resistance near $1,070 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must settle above $1,120 en de 100 hourly SMA to start a fresh rally.
Ethereum Price Could Decline Again
Gisteren, we saw a decent recovery wave in bitcoin, ethereum, ripple and other altcoins. ETH price broke the $1,080 en $1,100 weerstandsniveaus. It even spiked above the $1,120 niveau.
Echter, the bears defended a major resistance zone near $1,150 en de 100 eenvoudig voortschrijdend gemiddelde per uur. A high was formed near $1,152 before the price started a fresh decline. Er was een pauze onder de $1,120 en $1,100 ondersteuningsniveaus.
Ether price even declined below the 50% Fib retracement level of the recovery wave from the $910 zwaai laag naar $1,152 hoog. There is also a key bearish trend line in place with resistance near $1,070 on the hourly chart of ETH/USD.
Bron: ETHUSD op TradingView.com
If there is no upside break above the trend line resistance and the 100 eenvoudig voortschrijdend gemiddelde per uur, there is a risk of more losses. An initial support is near the $1,000 level or the 61.8% Fib retracement level of the recovery wave from the $910 zwaai laag naar $1,152 hoog.
De volgende grote ondersteuning is nabij de $950 niveau, below which ether price might continue to move down towards the $900 en $880 niveaus op korte termijn.
Fresh Increase in ETH?
If ethereum breaks the trend line resistance and $1,100, it could start a decent increase. The main resistance is still near the $1,150 zone and the 100 eenvoudig voortschrijdend gemiddelde per uur.
Een afsluiting boven de $1,150 niveau en de 100 hourly SMA could change the current bias. The next hurdle for the bulls above the $1,150 zone is near the $1,220 niveau.
Technische indicatoren
Hourly MACD – The MACD for ETH/USD is struggling to gain pace in the bullish zone.
RSI per uur – The RSI for ETH/USD is still below the 50 niveau, with a bearish angle.
Groot ondersteuningsniveau - $1,000
Groot weerstandsniveau - $1,150
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Bron: Newsbtc
