{"id":470408,"date":"2021-08-30T05:08:10","date_gmt":"2021-08-30T05:08:10","guid":{"rendered":"https:\/\/ktsl888.com\/?p=470408"},"modified":"2024-06-11T13:58:09","modified_gmt":"2024-06-11T13:58:09","slug":"ethereum-retests-key-support-3140","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-retests-key-support-3140\/","title":{"rendered":"TA: Ethereum Retests Key Support, What Could Trigger More Downsides"},"content":{"rendered":"
Ethereum failed to clear the $3,280 resistance and corrected lower against the US Dollar. ETH price must stay above $3,140 to avoid more downsides in the near term.<\/em><\/p>\n Ethereum made another attempt to gain strength above $3,260 and $3,280. However, ETH price failed to continue higher above $3,280 and started a downward move, similar to bitcoin<\/a>.<\/p>\n The price broke the $3,220 and $3,200 support levels. There was also a break below a key bullish trend line with support near $3,185 on the hourly chart of ETH\/USD. The pair settled below $3,200 and the 100 hourly simple moving average<\/a>.<\/p>\n Ether tested the $3,150 and $3,140 support levels. A low is formed near $3,142 and the price is now consolidating losses. An immediate resistance is near the $3,170 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,260 swing high to $3,142 low.<\/p>\n <\/a><\/p>\n On the upside, the first key resistance is near the $3,200 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $3,260 swing high to $3,142 low. The main resistance is now forming near the $3,220 level. A clear break above the $3,220 resistance might open the doors for a steady increase. The next key resistance sits at $3,280 and $3,300.<\/p>\n If ethereum fails to continue higher above the $3,200 and $3,220 resistance levels, it could extend its decline. An immediate support on the downside is near the $3,150 level.<\/p>\n The next major support is now forming near the $3,140 zone. A downside break below the $3,140 support zone could accelerate losses. In the stated scenario, ether price could revisit the $3,060 support zone.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n Major Support Level \u2013 $3,140<\/p>\n Major Resistance Level \u2013 $3,220<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum failed to clear the $3,280 resistance and corrected lower against the US Dollar. ETH price must stay above $3,140 to avoid more downsides in the near term. Ethereum seems to be facing a strong resistance near $3,280 and $3,300. The price is now trading below $3,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,185 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue lower if it fails to stay above the $3,140 support zone. Ethereum Price is Facing Hurdles Ethereum made another attempt to gain strength above $3,260 and $3,280. However, ETH price failed to continue higher above $3,280 and started a downward move, similar to bitcoin. The price broke the $3,220 and $3,200 support levels. There was also a break below a key bullish trend line with support near $3,185 on the hourly chart of ETH\/USD. The pair settled below $3,200 and the 100 hourly simple moving average. Ether tested the $3,150 and $3,140 support levels. A low is formed near $3,142 and the price is now consolidating losses. An immediate resistance is near the $3,170 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,260 swing high to $3,142 low. Source: ETHUSD on TradingView.com On the upside, the first key resistance is near the $3,200 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $3,260 swing high to $3,142 low. The main resistance is now forming near the $3,220 level. A clear break above the $3,220 resistance might open the doors for a steady increase. The next key resistance sits at $3,280 and $3,300. More Losses in ETH? If ethereum fails to continue higher above the $3,200 and $3,220 resistance levels, it could extend its decline. An immediate support on the downside is near the $3,150 level. The next major support is now forming near the $3,140 zone. A downside break below the $3,140 support zone could accelerate losses. In the stated scenario, ether price could revisit the $3,060 support zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $3,140 Major Resistance Level \u2013 $3,220<\/p>\n","protected":false},"author":67,"featured_media":461426,"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-470408","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 is Facing Hurdles<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n