Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone.
- Ethereum attempted another upside break above $1,300, but failed.
- Dabar kaina yra mažesnė nei 1,280 100 USD ir XNUMX valandų paprastas slenkamasis vidurkis.
- Valandiniame ETH / USD grafike (duomenų srautas per „Kraken“) buvo pertrauka žemiau pagrindinės bulių tendencijos linijos, kurios palaikymas buvo beveik 1,272 XNUMX USD.
- The pair could correct further lower, but the $1,220 support is the key.
Ethereum Price taiso mažesnę
Ethereum price made another attempt to surpass the 1,300 USD pasipriešinimo zona. However, ETH struggled to gain momentum above the $1,300 level. A high was formed near $1,304 and the price started a downside correction, similar to Bitcoin.
The price declined below the $1,280 support zone and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD.
Ether price traded as low as $1,248 and is currently consolidating losses. There was a minor increase above the $1,260 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,304 swing high to $1,248 low.
An immediate resistance on the upside is near the $1,270 level and the 100 hourly simple moving average. The first major resistance is near the $1,275 level. It is near the 50% Fib retracement level of the recent decline from the $1,304 swing high to $1,248 low.
šaltinis: ETHUSD „TradingView.com“
A close above the $1,275 resistance might send the price further higher. The next major resistance is near the $1,300 level, above which ether price might test $1,320. Any more gains might send the price towards the $1,400 resistance zone.
Retest of a Key Support by ETH?
If ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. An initial support on the downside is near the $1,250 level.
The next major support is near the $1,220 level. If there is a break below $1,220, the price could test the $1,165 support. Any more losses could lead the price towards the $1,100 support.
Techniniai rodikliai
Valandinis MACD - ETH / USD MACD dabar įgauna pagreitį meškų zonoje.
Valandinis RSI - Dabar ETH / USD RSI yra žemiau 50 lygio.
Pagrindinis paramos lygis - 1,220 USD
Pagrindinis pasipriešinimo lygis - 1,275 USD
Teminis vaizdas iš iStock
Source: https://newsbtc.com/analysis/eth/ethereum-price-correction-1220/