Ku NewsBTC - 1 year ago - Reading Time: 2 menit
TA: Ethereum Turns Red, Why ETH Must Hold This Key Support
Ethereum declined below the $1,200 zone against the US Dollar. ETH is now at a risk of more losses if it fails to stay above the $1,150 support zone.
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 StrugglesEthereum 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.
Ether is also consolidating near the 50% Fib retracement level of the upward move from the $1,043 swing low to $1,280 high. An immediate resistance on the upside is near the $1,200 level.
Besides, there is a major bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD. The next major resistance is near the $1,250 zone. A close above the $1,250 resistance zone could start a steady increase. In the stated case, the price could clear the $1,280 resistance.
Sumber: ETHUSD dina TradingView.comRésistansi utama salajengna caket kana tingkat $ 1,350, di luhur hargana malah tiasa naék ka tingkat résistansi $ 1,440 dina waktos anu caket.
Langkung Rugi di ETH?Mun ethereum gagal naek saluhureun lalawanan $1,200, éta bisa neruskeun mindahkeun handap. Hiji rojongan awal on downside nyaeta deukeut zona $1,150.
The next major support is near the $1,120 zone. A close below the $1,120 level might put a lot of pressure on the bulls. In the stated case, ether price may perhaps decline towards the $1,050 level or even $1,000 in the coming sessions.
Indikator téknis
MACD sajam - MACD pikeun ETH / USD ayeuna kéngingkeun moméntum dina zona bearish.
RSI hourly - The RSI pikeun ETH / USD ayeuna ogé handap tingkat 50.
Tingkat Dhasar Utama - $ 1,150
Tingkat Rintangan Utama - $ 1,200
sumber aslina: NewsBTC