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 阻力区.
- The price is now trading well below $1,100 和 100 每小时简单移动平均线.
- There is a key bearish trend line in place with resistance near $1,070 在ETH / USD的小时图上 (通过Kraken提供数据).
- The pair must settle above $1,120 和 100 hourly SMA to start a fresh rally.
Ethereum Price Could Decline Again
昨天, we saw a decent recovery wave in bitcoin, 以太坊, ripple and other altcoins. ETH price broke the $1,080 和 $1,100 抵抗水平. It even spiked above the $1,120 水平.
然而, the bears defended a major resistance zone near $1,150 和 100 每小时简单移动平均线. A high was formed near $1,152 before the price started a fresh decline. 在下面有一个休息 $1,120 和 $1,100 support levels.
Ether price even declined below the 50% Fib retracement level of the recovery wave from the $910 摆动低到 $1,152 高. There is also a key bearish trend line in place with resistance near $1,070 在ETH / USD的小时图上.
If there is no upside break above the trend line resistance and the 100 每小时简单移动平均线, 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 摆动低到 $1,152 高.
The next major support is near the $950 水平, below which ether price might continue to move down towards the $900 和 $880 levels in the near term.
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 每小时简单移动平均线.
收盘价之上 $1,150 水平和 100 hourly SMA could change the current bias. The next hurdle for the bulls above the $1,150 zone is near the $1,220 水平.
每小时MACD – The MACD for ETH/USD is struggling to gain pace in the bullish zone.
每小时RSI – The RSI for ETH/USD is still below the 50 水平, with a bearish angle.