Ethereum Price Just Signaled “Sell” And It’s Vulnerable to More Losses


Ethereum worth began a contemporary decline beneath the $1,920 degree towards the US Greenback. ETH may prolong losses if there’s a clear transfer beneath the $1,840 help.

  • Ethereum is transferring decrease from the $1,940 resistance zone.
  • The worth is buying and selling beneath $1,900 and the 100-hourly Easy Transferring Common.
  • There’s a main bearish development line forming with resistance close to $1,900 on the hourly chart of ETH/USD (knowledge feed through Kraken).
  • The pair may proceed to maneuver down if there’s a clear transfer beneath $1,840.

Ethereum Worth Takes Hit

Ethereum’s worth struggled to clear the $2,000 resistance zone and began a contemporary decline. ETH traded beneath the $1,920 and $1,900 help ranges to enter a bearish zone, just like Bitcoin.

The worth even traded near $1,840. A low is fashioned close to $1,843 and the worth is now consolidating losses. It’s buying and selling beneath $1,900 and the 100-hourly Easy Transferring Common. There may be additionally a significant bearish development line forming with resistance close to $1,900 on the hourly chart of ETH/USD.

Quick resistance is close to the $1,890 degree. It’s near the 50% Fib retracement degree of the latest decline from the $1,936 excessive to the $1,843 low.

The subsequent main resistance appears to be forming close to the development line and $1,900. The main resistance is close to $1,915 or the 76.4% Fib retracement degree of the latest decline from the $1,936 excessive to the $1,843 low. An in depth above the $1,915 resistance zone may ship Ethereum towards the $1,940 resistance.

Ethereum Price

Supply: ETHUSD on TradingView.com

Any extra positive factors may begin a good improve towards the $2,000 resistance. Within the said case, the worth might even rise towards the $2,050 resistance. The subsequent key resistance is close to $2,120.

Extra Losses in ETH?

If Ethereum fails to clear the $1,900 resistance, it may proceed to maneuver down. Preliminary help on the draw back is close to the $1,840 degree or the latest low.

The subsequent main help is close to the $1,800 zone, beneath which ether worth may drop towards the $1,740 help zone. Any extra losses might maybe take the worth towards the $1,700 degree within the close to time period.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining momentum within the bearish zone.

Hourly RSIThe RSI for ETH/USD is now beneath the 50 degree.

Main Assist Degree – $1,840

Main Resistance Degree – $1,900



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