TA: Ethereum Reverses Losses: Why ETH Could Face Resistance Near $1,130

Ethereum declined almost 30% and tested the $900 support zone against the US Dollar. ETH price is currently rising, but it is facing a strong resistance near $1,130.

  • Ethereum started a strong decline from well above $1,200 and traded close to $900.
  • The price is recovering nicely from $912, but it facing hurdles near $1,130 и 100 почасовая простая скользящая средняя.
  • There is a major bearish trend line in place with resistance near $1,130 на часовом графике ETH / USD (поток данных через Kraken).
  • The pair must settle above $1,130 и 100 hourly SMA to start a fresh rally.

Ethereum Price Recovers Losses

Вчерашний день, we saw a massive decline in bitcoin, эфириум, ripple and other altcoins. ETH price declined almost 30% and it broke many important supports near $1,120 и $1,050.

There was also a break below the $1,000 support level and the price traded close to the $900 уровень. A swing low was formed near $912 before the price started a fresh increase. It seems like the bulls defended the last swing region near the $900$-920 зона.

Ether price is up over 10% and it is trading nicely above $1,000. There was a break above the 23.6% Уровень коррекции Фибоначчи нисходящей коррекции от $1,352 swing high to $912 swing low.

Курс Ethereum

Источник: ETHUSD на TradingView.com

тем не мение, the price is facing hurdles near $1,130 и 100 почасовая простая скользящая средняя. There is also a major bearish trend line in place with resistance near $1,130 на часовом графике ETH / USD. The trend line is close to the 50% Уровень коррекции Фибоначчи нисходящей коррекции от $1,352 swing high to $912 swing low.

To start a fresh rally, ether price must clear the trend line resistance, $1,130, и 100 почасовая простая скользящая средняя. The next major resistance above $1,130 is near the $1,200 уровень.

Fresh Dips in ETH?

Если Ethereum не сможет очистить $1,130 resistance and the 100 почасовая простая скользящая средняя, it could start a fresh decline. Первоначальная поддержка на нижней стороне находится около $1,050 уровень.

The first key support is near the $1,000 уровень. A downside break below the $1,000 level may possibly start a fresh decline towards the $900-$920 support zone in the coming sessions.

Технические индикаторы

Почасовой MACD - The MACD for ETH/USD is gaining pace in the bullish zone.

Почасовой RSI - The RSI for ETH/USD is back above the 50 уровень, with a bullish angle.

Основной уровень поддержки - $1,000

Основной уровень сопротивления - $1,130

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Источник: Newsbtc

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