TA: Ethereum Turns Red, Why ETH Must Hold This Key Support

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TA: Ethereum Turns Red, Why ETH Must Hold This Key Support

Ua pa'ū le Ethereum i lalo ole $1,200 sone faasaga i le US Dollar. ETH ua i ai nei i se tulaga lamatia o le tele o gau pe a le mafai ona tumau i luga aʻe o le $ 1,150 sone lagolago.

Ethereum started a fresh decline from the $1,250 and $1,280 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a clear move below the $1,150 support zone. Ethereum Price Struggles

Ethereum failed to continue higher above the $1,250 and $1,280 resistance levels. ETH formed a high near $1,281 and started a fresh decline.

There was a clear move below the $1,220 and $1,200 support levels. Ether price declined below the 23.6% Fib retracement level of the upward move from the $1,043 swing low to $1,280 high. It is now trading below $1,200 and the 100 hourly simple moving average.

O loʻo faʻapipiʻiina foi Eteru latalata i le 50% Fib retracement level o le agai i luga mai le $1,043 swing low i le $1,280 maualuga. O se tetee vave ile pito i luga e latalata ile $1,200 tulaga.

E le gata i lea, o loʻo i ai se laina faʻaleaga tele o loʻo faia ma le tetee latalata i le $1,200 i luga ole siata itula ole ETH/USD. O le isi tetee tele e lata ane i le $1,250 sone. O le tapunia i luga aʻe o le $1,250 sone tetee e mafai ona amata ai se faʻaopoopoga tumau. I le tulaga o loʻo taʻua, o le tau e mafai ona faʻamaonia le $ 1,280 tetee.

Punavai: ETHUSD i luga TradingView.com

O le isi tete'e tele e lata ane i le $1,350 tulaga, i luga a'e o le tau e ono tula'i atu i le $1,440 tulaga tetee i se taimi lata mai.

Tele Maliu i le ETH?

Afai e le mafai ona tulaʻi le ethereum i luga aʻe o le $ 1,200 tetee, e mafai ona faʻaauau pea ona alu i lalo. Ole lagolago muamua ile pito i lalo e latalata ile $1,150 sone.

Ole isi lagolago tele e latalata ile $1,120 sone. O le tapunia i lalo ole $1,120 tulaga e ono tu'uina ai le tele o le mamafa i povi. I le tulaga o loʻo taʻua, e mafai ona faʻaitiitia le tau o le ether i le $ 1,050 poʻo le $ 1,000 i vasega a sau.

Faailoilo Technical

MACD itula - O le MACD mo le ETH / USD o loʻo maua nei le malosi i le sone bearish.

RSI itula - O le RSI mo ETH / USD ua i lalo ifo o le 50 tulaga.

Polokalame Fesoasoani Lautele - $ 1,150

Laʻasaga Fou Faʻatino - $ 1,200

Punavai autu: NewsBTC