{"id":392912,"date":"2019-08-13T03:08:01","date_gmt":"2019-08-13T03:08:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=392912"},"modified":"2024-06-11T13:24:15","modified_gmt":"2024-06-11T13:24:15","slug":"ethereum-price-eth-resumes-decline-bears-eye-fresh-lows","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/","title":{"rendered":"Ethereum Price (ETH) Resumes Decline, Bears Eye Fresh Lows"},"content":{"rendered":"<ul>\n<li>ETH price failed to surpass the key $215 resistance area and declined again against the US Dollar.<\/li>\n<li>Ethereum price is now trading below the $214 level with a bearish angle.<\/li>\n<li>Yesterday\u2019s highlighted key ascending channel with support near $213 was breached on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is likely to extend its decline towards the $200 support area in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum price is trading in a bearish zone versus the US Dollar and <a href=\"https:\/\/ktsl888.com\/2019\/08\/12\/bitcoin-btc-price-at-risk-of-more-downsides-below-11200\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. ETH price could continue to slide and it seems like the price might even break $200.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, we saw an upside correction in ETH price above the $210 resistance against the US Dollar. <a href=\"https:\/\/ktsl888.com\/2019\/08\/11\/bitcoin-btc-price-weekly-forecast-risk-of-fresh-drop-to-10500\/\" target=\"_blank\" rel=\"noopener noreferrer \">Bitcoin<\/a> price also recovered above $11,400, but it failed to gain momentum above the $11,500 resistance. Ether\u2019s price topped near the $215 and $216 resistance levels and recently moved low. Moreover, the price failed to clear the 61.8% Fib retracement level of the decline from the $226 high to $201 swing low.<\/p>\n<p>The recent decline was such that the price broke the $214 support and the 100 hourly simple moving average. Additionally, there was a break below the 23.6% Fib retracement level of the recovery from the $201 low to $216 swing high. More importantly, yesterday\u2019s highlighted key ascending channel with support near $213 was breached on the hourly chart of ETH\/USD.<\/p>\n<p>The price tested the $209 level, which represents the 50% Fib retracement level of the recovery from the $201 low to $216 swing high. If there are further losses, the price could test the $205 support level. The main support on the downside is near the $200 and $201 levels. If the bears succeed in pushing the price below $200, there could be heavy losses in the near term.<\/p>\n<p>On the upside, an immediate resistance is near the $214 level and the 100 hourly SMA. The main resistance is near the $216 area. A successful break above the $216 area is likely to open the doors for decent gains in the coming sessions. The next resistance on the upside is near the $220 area.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-392913\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ethereum-9.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price seems to be trading in a bearish zone below the $215 and $216 levels. Therefore, there is a risk of more downsides below the $208 and $205 levels. Furthermore, if the $200 support fails to hold losses, the bulls might come under a lot of pressure in the near term.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is still placed in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently recovering towards the 45 level.<\/p>\n<p>Major Support Level \u2013 $208<\/p>\n<p>Major Resistance Level \u2013 $216<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price failed to surpass the key $215 resistance area and declined again against the US Dollar. Ethereum price is now trading below the $214 level with a bearish angle. Yesterday\u2019s highlighted key ascending channel with support near $213 was breached on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to extend its decline towards the $200 support area in the near term. Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin. ETH price could continue to slide and it seems like the price might even break $200. Ethereum Price Analysis Yesterday, we saw an upside correction in ETH price above the $210 resistance against the US Dollar. Bitcoin price also recovered above $11,400, but it failed to gain momentum above the $11,500 resistance. Ether\u2019s price topped near the $215 and $216 resistance levels and recently moved low. Moreover, the price failed to clear the 61.8% Fib retracement level of the decline from the $226 high to $201 swing low. The recent decline was such that the price broke the $214 support and the 100 hourly simple moving average. Additionally, there was a break below the 23.6% Fib retracement level of the recovery from the $201 low to $216 swing high. More importantly, yesterday\u2019s highlighted key ascending channel with support near $213 was breached on the hourly chart of ETH\/USD. The price tested the $209 level, which represents the 50% Fib retracement level of the recovery from the $201 low to $216 swing high. If there are further losses, the price could test the $205 support level. The main support on the downside is near the $200 and $201 levels. If the bears succeed in pushing the price below $200, there could be heavy losses in the near term. On the upside, an immediate resistance is near the $214 level and the 100 hourly SMA. The main resistance is near the $216 area. A successful break above the $216 area is likely to open the doors for decent gains in the coming sessions. The next resistance on the upside is near the $220 area. Looking at the chart, Ethereum price seems to be trading in a bearish zone below the $215 and $216 levels. Therefore, there is a risk of more downsides below the $208 and $205 levels. Furthermore, if the $200 support fails to hold losses, the bulls might come under a lot of pressure in the near term. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is still placed in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently recovering towards the 45 level. Major Support Level \u2013 $208 Major Resistance Level \u2013 $216<\/p>\n","protected":false},"author":67,"featured_media":166908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-392912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Price (ETH) Resumes Decline, Bears Eye Fresh Lows<\/title>\n<meta name=\"description\" content=\"Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin. 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ETH price could continue to slide and it seems like the price might even break $200.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-13T03:08:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:24:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis14.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum Price (ETH) Resumes Decline, Bears Eye Fresh Lows\",\"datePublished\":\"2019-08-13T03:08:01+00:00\",\"dateModified\":\"2024-06-11T13:24:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/\"},\"wordCount\":424,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis14.jpg?fit=1200%2C741\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/\",\"url\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/\",\"name\":\"Ethereum Price (ETH) Resumes Decline, Bears Eye Fresh Lows\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis14.jpg?fit=1200%2C741\",\"datePublished\":\"2019-08-13T03:08:01+00:00\",\"dateModified\":\"2024-06-11T13:24:15+00:00\",\"description\":\"Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin. 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