By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Ethereum Price Plunge To $1,150 On The Horizon As Bulls Show Weak Hands
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > Ethereum Price Plunge To $1,150 On The Horizon As Bulls Show Weak Hands
crypto

Ethereum Price Plunge To $1,150 On The Horizon As Bulls Show Weak Hands

admin Published October 11, 2022
Last updated: 2022/10/11 at 10:59 AM
Share
SHARE

[ad_1]

Ethereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.

Contents
Ethereum Price Dips Below Key SupportMore Losses in ETH?
  • Ethereum started a fresh decline below the $1,350 and $1,320 support levels.
  • The price is now trading below $1,300 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it stays below the $1,300 pivot level.

Ethereum Price Dips Below Key Support

Ethereum struggled to recover above the $1,340 and $1,350 resistance levels. ETH started a fresh decline and traded below the $1,300 support zone.

There was a move below the $1,280 support level and the price settled below the 100 hourly simple moving average. Ether price traded as low as $1,270 and is currently consolidating losses. An immediate resistance on the upside is near the $1,280 level.

The first major resistance is near the $1,285 level. There is also a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.

If there is an upside break above the trend line, ethereum price might rise towards the $1,300 resistance. It is near the 50% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.

Source: ETHUSD on TradingView.com

A clear break above $1,300 could send the price further higher. The next major resistance could be near the $1,320 level and the 100 hourly simple moving average, above which the price could revisit $1,350.

More Losses in ETH?

If ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,280 level.

The next major support is near the $1,255 level. A downside break below the $1,255 might increase selling pressure. In the stated case, ether price may perhaps decline towards the $1,200 level. Any more losses might send the price towards $1,150.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below to the 50 level.

Major Support Level – $1,255

Major Resistance Level – $1,320

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin October 11, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Nigerian data and intelligence company Stears raises $3.3M, backed by Mac VC and Serena Ventures
Next Article Terra Classic (LUNC) Notches 5% Spike In The Last 24 Hours

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?