{"id":409557,"date":"2020-01-03T03:03:51","date_gmt":"2020-01-03T03:03:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=409557"},"modified":"2024-06-11T13:03:12","modified_gmt":"2024-06-11T13:03:12","slug":"ethereum-and-bitcoin-take-hit-eth-eyes-120","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/","title":{"rendered":"Ethereum And Bitcoin Take Hit, ETH Eyes Dip To $120 or $115"},"content":{"rendered":"<ul>\n<li>Ethereum is down more than 2% and it is now well below $130 against the US Dollar.<\/li>\n<li>Bitcoin price weakened around 3% and it broke the key $7,000 support.<\/li>\n<li>Yesterday\u2019s key bearish trend line is active with resistance near $131 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>ETH could continue to move down towards the $122 and $120 support levels in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum price is slowly moving lower below key supports versus the US Dollar, similar to <a href=\"https:\/\/ktsl888.com\/2020\/01\/02\/bitcoin-price-vulnerable-below-7k\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. ETH price might revisit $120 or even $115 before a decent upward move.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, we saw an increase in selling on Ethereum below the $132 level against the US Dollar. Moreover, ETH price settled below the $130 level and the 100 hourly simple moving average.<\/p>\n<p>The recent decline was such that the price declined below the $128 support level. Finally, it tested the $125 support and is currently consolidating losses. An initial resistance is near the $127 level.<\/p>\n<p>Besides, the 23.6% Fib retracement level of the recent decline from the $133 high to $125 low is also near $127. More importantly, the previous support near $128 is likely to act as a resistance.<\/p>\n<p>The next major resistance is near the $130 level and 100 hourly simple moving average. Additionally, the 50% Fib retracement level of the recent decline from the $133 high to $125 low is close to $128.<\/p>\n<p>Above the 100 hourly SMA, yesterday\u2019s key bearish trend line is active with resistance near $131 on the hourly chart of ETH\/USD. Therefore, Ethereum price is clearly facing a lot of hurdles on the upside near the $128 and $130 levels.<\/p>\n<p>The <a href=\"https:\/\/ktsl888.com\/2020\/01\/02\/ethereum-eth-price-primed-for-upsides\/\" target=\"_blank\" rel=\"noopener noreferrer \">main resistance is now near the $132 level<\/a>, above which the price is likely to start a strong rise towards the $138 and $140 levels.<\/p>\n<p>Conversely, the price remains at a risk of more losses below the $125 support. The next support is near $122, followed by the $120 level. Any further losses may perhaps lead the price towards the $115 support area.<\/p>\n<figure id=\"attachment_409558\" aria-describedby=\"caption-attachment-409558\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409558\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?resize=1828%2C868\" alt=\"Ethereum Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Ethereum-2.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-409558\" class=\"wp-caption-text\">Ethereum Price<\/figcaption><\/figure>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is showing a few bearish signs below $130 and $132. It seems like the price could spike towards the $120 or $115 level before it starts a decent upward move in the near term.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is likely to move into the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently recovering towards the 40 level.<\/p>\n<p>Major Support Level \u2013 $125<\/p>\n<p>Major Resistance Level \u2013 $130<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is down more than 2% and it is now well below $130 against the US Dollar. Bitcoin price weakened around 3% and it broke the key $7,000 support. Yesterday\u2019s key bearish trend line is active with resistance near $131 on the hourly chart of ETH\/USD (data feed via Kraken). ETH could continue to move down towards the $122 and $120 support levels in the near term. Ethereum price is slowly moving lower below key supports versus the US Dollar, similar to bitcoin. ETH price might revisit $120 or even $115 before a decent upward move. Ethereum Price Analysis Yesterday, we saw an increase in selling on Ethereum below the $132 level against the US Dollar. Moreover, ETH price settled below the $130 level and the 100 hourly simple moving average. The recent decline was such that the price declined below the $128 support level. Finally, it tested the $125 support and is currently consolidating losses. An initial resistance is near the $127 level. Besides, the 23.6% Fib retracement level of the recent decline from the $133 high to $125 low is also near $127. More importantly, the previous support near $128 is likely to act as a resistance. The next major resistance is near the $130 level and 100 hourly simple moving average. Additionally, the 50% Fib retracement level of the recent decline from the $133 high to $125 low is close to $128. Above the 100 hourly SMA, yesterday\u2019s key bearish trend line is active with resistance near $131 on the hourly chart of ETH\/USD. Therefore, Ethereum price is clearly facing a lot of hurdles on the upside near the $128 and $130 levels. The main resistance is now near the $132 level, above which the price is likely to start a strong rise towards the $138 and $140 levels. Conversely, the price remains at a risk of more losses below the $125 support. The next support is near $122, followed by the $120 level. Any further losses may perhaps lead the price towards the $115 support area. Looking at the chart, Ethereum price is showing a few bearish signs below $130 and $132. It seems like the price could spike towards the $120 or $115 level before it starts a decent upward move in the near term. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is likely to move into the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently recovering towards the 40 level. Major Support Level \u2013 $125 Major Resistance Level \u2013 $130<\/p>\n","protected":false},"author":67,"featured_media":409559,"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-409557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum And Bitcoin Take Hit, ETH Eyes Dip To $120 or $115<\/title>\n<meta name=\"description\" content=\"Ethereum price is slowly moving lower below key supports versus the US Dollar, similar to bitcoin. 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ETH price might revisit $120 or even $115 before a decent upward move.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/\" \/>\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=\"2020-01-03T03:03:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_1419694835.jpg?fit=1000%2C655\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"655\" \/>\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-and-bitcoin-take-hit-eth-eyes-120\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum And Bitcoin Take Hit, ETH Eyes Dip To $120 or $115\",\"datePublished\":\"2020-01-03T03:03:51+00:00\",\"dateModified\":\"2024-06-11T13:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/\"},\"wordCount\":400,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_1419694835.jpg?fit=1000%2C655\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/\",\"url\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/\",\"name\":\"Ethereum And Bitcoin Take Hit, ETH Eyes Dip To $120 or $115\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ethereum-and-bitcoin-take-hit-eth-eyes-120\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_1419694835.jpg?fit=1000%2C655\",\"datePublished\":\"2020-01-03T03:03:51+00:00\",\"dateModified\":\"2024-06-11T13:03:12+00:00\",\"description\":\"Ethereum price is slowly moving lower below key supports versus the US Dollar, similar to bitcoin. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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