• News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
Crypto World VisionCrypto World Vision
  • News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Crypto World VisionCrypto World Vision
Home»Analysis»Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows
Analysis

Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows

2022-10-21No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum is forming a base above the $1,265 stage in opposition to the US Greenback. ETH may begin a gentle enhance if there’s a clear transfer above the $1,300 resistance zone.

  • Ethereum is holding the principle breakdown help at $1,265.
  • The value is now buying and selling beneath $1,310 and the 100 hourly easy transferring common.
  • There’s a new connecting bearish pattern line forming with resistance close to $1,295 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
  • The pair may begin a good upward transfer if there’s a clear transfer above $1,300 and $1,320.

Ethereum Value Stays Supported

Ethereum tried a recent enhance above the $1,300 stage, much like bitcoin value. ETH struggled to realize tempo for a transfer above the $1,320 stage.

The value traded as excessive as $1,310 and began a recent decline. There was a transfer beneath the $1,300 help zone. It retested the $1,265 help zone. A low is shaped close to $1,270 and the worth is now consolidating losses. Ether value is now buying and selling beneath $1,310 and the 100 hourly easy transferring common.

A right away resistance on the upside is close to the $1,290 stage. It’s close to the 50% Fib retracement stage of the downward transfer from the $1,310 swing excessive to $1,270 low.

Ethereum Price

Supply: ETHUSD on TradingView.com

The primary main resistance is close to the $1,295 stage and the 100 hourly easy transferring common. There’s additionally a brand new connecting bearish pattern line forming with resistance close to $1,295 on the hourly chart of ETH/USD. A transparent upside break above the $1,300 resistance zone may open the doorways for a transfer in direction of the $1,320 stage. The primary resistance remains to be close to the $1,350 stage, above which ether value may begin a powerful enhance.

See also  Bitcoin (BTC) Skyrocketing by Over 50% From Current Levels Is ‘Very Doable’, Says Economist Alex Kruger

Main Drop in ETH?

If ethereum fails to climb above the $1,300 resistance, it may proceed to maneuver down. An preliminary help on the draw back is close to the $1,270 stage.

The subsequent main help is close to the $1,265 stage. A draw back break beneath the $1,265 zone would possibly begin a recent decline to $1,220. Any extra losses could maybe push the worth additional decrease in direction of the $1,200 help.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now gaining momentum within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now beneath the 50 stage.

Main Assist Degree – $1,265

Main Resistance Degree – $1,300

Source link

Bounce Ethereum Grows Price Quietly Risk Wont
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here’s Why

2023-09-21

Grayscale applies for new Ethereum futures ETF

2023-09-19

Bitcoin: Transactions triumph as price holds steady

2023-09-19

Why Is Bitcoin Price Up Today? BTC Climbs Above $27,000

2023-09-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Polkadot (DOT) Bulls Retreat As Bears Drag The Price Down

2023-05-24

Analytics Firm Santiment Weighs In on Trust Wallet Token After TWT Exploded Nearly 145% in Just One Week

2022-11-17

SWIFT $24 Trillion Volume 🌊 Ripple XRP Hedera HBAR Coinbase💲 *If Any Alts 100X…* 💥 Watch All

2022-12-10

Subscribe to Updates

Get the latest news and Update from Crypto World Division about Crypto, Metaverse, NFT and more.

Editors Picks

Highlights from Financial Service Committee hearing on stablecoins

2023-05-18

SEC seeks to keep Hinman documents hidden in Ripple case

2022-12-26

The Rarest NFTs From the Best-Selling PFP Collections

2022-12-02

Is This the Trader Who Exploited Mango Markets for $100M?

2022-10-15

Crypto World Vision
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptoworldvision.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$23,418.000.75%
  • ethereumEthereum(ETH)$1,640.732.33%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$305.200.68%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.374110-0.89%
  • okbOKB(OKB)$52.010.03%
  • cardanoCardano(ADA)$0.363892-0.29%
  • matic-networkPolygon(MATIC)$1.25-2.49%