{"id":459299,"date":"2021-03-23T05:08:22","date_gmt":"2021-03-23T05:08:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=459299"},"modified":"2024-06-11T14:14:11","modified_gmt":"2024-06-11T14:14:11","slug":"ethereum-dives-support-1750","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-dives-support-1750\/","title":{"rendered":"TA: Ethereum Breaks Key Support, Why ETH Could Decline Further"},"content":{"rendered":"
Ethereum broke the major $1,750 and $1,710 support levels against the US Dollar. ETH price is likely to continue lower below the $1,660 and $1,650 support levels.<\/em><\/p>\n Ethereum failed to clear the key $1,850 resistance zone<\/a> and started a fresh decline, similar to bitcoin<\/a>. ETH broke the $1,750 support zone to move into a bearish zone.<\/p>\n The price even cleared the $1,710 support level and settled below the 100 hourly simple moving average. It even broke the $1,680 level and traded as low $1,657. It is currently correcting higher and trading above the $1,680 level.<\/p>\n Ether corrected above the 23.6% Fib retracement level of the recent decline from the $1,808 high to $1,657 low. On the upside, the first major resistance is near the $1,710 level. The next key resistance is near the $1,730 level.<\/p>\n <\/a><\/p>\n The 50% Fib retracement level of the recent decline from the $1,808 high to $1,657 low is also near $1,730. The main resistance is now forming near the $1,750 zone (the recent breakdown zone). If the price breaks the $1,730 and $1,750 resistance levels, it could start a decent increase towards $1,800 or even $1,850. An intermediate resistance could be near the $1,780 level or the 100 hourly simple moving average.<\/p>\n If Ethereum fails to climb above the $1,730 and $1,750 resistance levels, it could continue to move down. An initial support on the downside is near the $1,665 level.<\/p>\n The next major support is near the $1,650 level. A clear downside break below the $1,650 support may possibly open the doors for a drop towards the $1,600 level. Any more losses will most likely push the price towards the key $1,550 support in the coming days.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing momentum in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well below the 50 level.<\/p>\n Major Support Level \u2013 $1,650<\/p>\n Major Resistance Level \u2013 $1,750<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum broke the major $1,750 and $1,710 support levels against the US Dollar. ETH price is likely to continue lower below the $1,660 and $1,650 support levels. Ethereum failed to stay above the key $1,750 and $1,710 support levels. The price is currently trading well below $1,710 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,765 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct higher, but the previous support near $1,750 could prevent gains. Ethereum Price Turns Red Ethereum failed to clear the key $1,850 resistance zone and started a fresh decline, similar to bitcoin. ETH broke the $1,750 support zone to move into a bearish zone. The price even cleared the $1,710 support level and settled below the 100 hourly simple moving average. It even broke the $1,680 level and traded as low $1,657. It is currently correcting higher and trading above the $1,680 level. Ether corrected above the 23.6% Fib retracement level of the recent decline from the $1,808 high to $1,657 low. On the upside, the first major resistance is near the $1,710 level. The next key resistance is near the $1,730 level. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $1,808 high to $1,657 low is also near $1,730. The main resistance is now forming near the $1,750 zone (the recent breakdown zone). If the price breaks the $1,730 and $1,750 resistance levels, it could start a decent increase towards $1,800 or even $1,850. An intermediate resistance could be near the $1,780 level or the 100 hourly simple moving average. More Losses in ETH? If Ethereum fails to climb above the $1,730 and $1,750 resistance levels, it could continue to move down. An initial support on the downside is near the $1,665 level. The next major support is near the $1,650 level. A clear downside break below the $1,650 support may possibly open the doors for a drop towards the $1,600 level. Any more losses will most likely push the price towards the key $1,550 support in the coming days. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now well below the 50 level. Major Support Level \u2013 $1,650 Major Resistance Level \u2013 $1,750<\/p>\n","protected":false},"author":67,"featured_media":459301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-459299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Turns Red<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n