Telegram Channel
Twiter
Instagram
Shout Box
Latest News
✅Ethereum Price is Plunging, But It’s Too Early to Say Uptrend Is Over
Ethereum Price Extends Decline
Ethereum’s price settled below the $1,880 pivot level to move into a bearish zone. ETH extended its decline and traded below the $1,850 support, similar to Bitcoin at $28,000.
The price traded close to the $1,800 level. A low is formed near $1,805 and the price is consolidating losses. It is trading below $1,850 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,835 on the hourly chart of ETH/USD.
Immediate resistance is near the $1,835 level and the trend line. It is close to the 23.6% Fib retracement level of the downward move from the $1,940 swing high to the $1,805 low.
The next major resistance seems to be forming near $1,880 and the 100-hourly Simple Moving Average. The 50% Fib retracement level of the downward move from the $1,940 swing high to the $1,805 low is also near the $1,880 level.
A close above the $1,880 level might start a fresh increase. In the stated case, the price could rise toward the $1,920 resistance. Any more gains could send Ether toward the $1,940 resistance. The main hurdle is now forming near the $2,000 zone, above which the price could gain bullish momentum.
More Losses in ETH?
If Ethereum fails to clear the $1,835 resistance, it could continue to move down. Initial support on the downside is near the $1,800 level.
The next major support is near the $1,780 zone, below which ether price might drop toward the $1,740 support zone. Any more losses may perhaps take the price toward $1,700 in the near term.
Return to Updates
Ethereum Price Extends Decline
Ethereum’s price settled below the $1,880 pivot level to move into a bearish zone. ETH extended its decline and traded below the $1,850 support, similar to Bitcoin at $28,000.
The price traded close to the $1,800 level. A low is formed near $1,805 and the price is consolidating losses. It is trading below $1,850 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,835 on the hourly chart of ETH/USD.
Immediate resistance is near the $1,835 level and the trend line. It is close to the 23.6% Fib retracement level of the downward move from the $1,940 swing high to the $1,805 low.
The next major resistance seems to be forming near $1,880 and the 100-hourly Simple Moving Average. The 50% Fib retracement level of the downward move from the $1,940 swing high to the $1,805 low is also near the $1,880 level.
A close above the $1,880 level might start a fresh increase. In the stated case, the price could rise toward the $1,920 resistance. Any more gains could send Ether toward the $1,940 resistance. The main hurdle is now forming near the $2,000 zone, above which the price could gain bullish momentum.
More Losses in ETH?
If Ethereum fails to clear the $1,835 resistance, it could continue to move down. Initial support on the downside is near the $1,800 level.
The next major support is near the $1,780 zone, below which ether price might drop toward the $1,740 support zone. Any more losses may perhaps take the price toward $1,700 in the near term.
Return to Updates
Current Bitcoin price
${{ btcUSD }}
24H % Change
{{ percentChange }}%
Top Monitored
PlanetaryAsset
556 days
SELWIX
13 days
Most recent votes
- Nov 20th, 2023
-
PlanetaryAsset
-
HENBBO VENTURES
- Nov 17th, 2023
-
PlanetaryAsset
-
HENBBO VENTURES
- Nov 6th, 2023
-
HENBBO VENTURES
- Oct 28th, 2023
-
HENBBO VENTURES
- Oct 25th, 2023
-
HENBBO VENTURES
- Oct 21st, 2023
-
HENBBO VENTURES
- Oct 14th, 2023
-
HENBBO VENTURES
- Oct 11th, 2023
-
PlanetaryAsset
Our Best Partners
