What's Hot

    Alternative Media Attacks Bitcoin: A Response To “Bitcoin Cannot Free Palestine”

    July 27, 2022

    Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

    July 27, 2022

    Wanchain AMA with Marketing Director Temujin Louie

    July 27, 2022
    Facebook Twitter Instagram
    • Altcoins
    • Bitcoin
    • Ethereum
    • Blockchain
    Facebook Twitter Instagram
    Guide to Crypto and Altcoins
    • Bitcoin

      Alternative Media Attacks Bitcoin: A Response To “Bitcoin Cannot Free Palestine”

      July 27, 2022

      Crypto Traders Split on Upcoming Fed Rate Hike’s Impact on Bitcoin

      July 27, 2022

      Bitcoin holds $21k – crypto rally still on

      July 27, 2022

      TA: Bitcoin Price Consolidates, Why Recovery Could Be Capped

      July 27, 2022

      Bitcoin Is Global Money For An Interconnected World

      July 27, 2022
    • Altcoins
    • Ethereum

      Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

      July 27, 2022

      Technical Analysis – Ethereum Price (ETH/USD) – 27/07/22

      July 27, 2022

      Massive Ethereum Supply Shock Incoming As ETH Prepares To Outpace Bitcoin: Raoul Pal

      July 26, 2022

      “Crypto King” Barry Silbert Hyping Up Ethereum’s Merge Upgrade

      July 26, 2022

      Institutional ETH sentiment turns positive after 11 weeks of outflows

      July 26, 2022
    • DeFi

      DeFi.org Announces Four Leading Participants in Its Polygon-Led Accelerator Program

      July 26, 2022

      DeFi Tokens Lido, Curve Follow Ethereum into Bear Territory

      July 26, 2022

      DeFi Total Value Locked (TVL) Soars By More Than $10 Billion

      July 26, 2022

      This little-known DeFi crypto token has rallied over 800% in a month

      July 26, 2022

      Solana said to be ‘more decentralized than people think,’ but there’s more

      July 26, 2022
    • NFT

      NFT potential vast and creative possibility endless, says YellowHeart CEO

      July 27, 2022

      A Complete Guide To Altcoins

      July 27, 2022

      Erick Calderon: NFT Platform Art Blocks’ Rapid Growth ‘Felt Unreasonable’

      July 26, 2022

      NFT Market Projected to Reach $200 Billion in 2030

      July 26, 2022

      The Sandbox Creating a Virtual Home & NFT Art for Alec Monopoly

      July 26, 2022
    • Mining

      The Top 5 Best Cryptocurrencies for Mining in 2022

      July 26, 2022

      Bitmain Partner Antalpha Unveils a Host of Needed Lending Products for Miners

      July 26, 2022

      AntPool Supports Ethereum Classic Ecosystem With $10M Investment

      July 26, 2022

      Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners

      July 26, 2022

      Bitcoin mining to harness onsite natural gas emissions: Ark Invest

      July 26, 2022
    • Metaverse

      The Sandbox primary LAND sales volume fell 80% in Q2

      July 26, 2022

      HTC partners with Japan’s pixiv to launch 3D anime avatars in the metaverse

      July 26, 2022

      Wharton School launches metaverse-focused business course

      July 26, 2022

      Aftermath Islands Metaverse Limited Secures $25M Commitment from LDA Capital

      July 26, 2022

      Patents and Big Tech: Which Companies Will Rule the Metaverse?

      July 26, 2022
    • More…
      • Blockchain
      • Analytics
      • Exchange
      • Legal
      • Finance
      • Security
      • Other
    Guide to Crypto and Altcoins
    Home » TA: Ethereum Takes Hit, Why $1,400 Could Spark A Fresh Increase
    Ethereum

    TA: Ethereum Takes Hit, Why $1,400 Could Spark A Fresh Increase

    🌐  www.newsbtc.comJuly 26, 2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.

    Ethereum remained in a bearish zone and extended losses below $1,500.
    The price is now trading below $1,500 and the 100 hourly simple moving average.
    There is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD (data feed via Kraken).
    The pair could start a recovery wave unless there is a clear move below the $1,400 support.

    Ethereum Price Breaks Down

    Ethereum failed to recover losses and trade above the $1,550 level. ETH started another decline and traded below the key $1,500 support zone.

    It opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average.

    An immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low.

    There is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550.

    Source: ETHUSD on TradingView.com

    It is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase.

    More Losses in ETH?

    If ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone.

    A clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support.

    Technical Indicators

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

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

    Major Support Level – $1,400

    Major Resistance Level – $1,460

    Source: www.newsbtc.com
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    bitwiza
    • Website

    Related Posts

    Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

    July 27, 2022

    Technical Analysis – Ethereum Price (ETH/USD) – 27/07/22

    July 27, 2022

    Massive Ethereum Supply Shock Incoming As ETH Prepares To Outpace Bitcoin: Raoul Pal

    July 26, 2022

    “Crypto King” Barry Silbert Hyping Up Ethereum’s Merge Upgrade

    July 26, 2022
    Add A Comment

    Comments are closed.

    Top Posts

    Open Interest In Ethereum Futures Has Hit a Record High

    February 13, 2022

    Number of SHIB holders surges more than 30% in a month

    November 12, 2021

    Estimating This Cycle’s Bitcoin Price Top

    November 12, 2021

    Subscribe to Updates

    Get the latest crypto news from bitwiza.com about altcoins, cryptocurrencies and blockchain.

    Sponsored
    UNITED NEKO ALLIANCE

    We are the leader in cryptocurrency news and a top knowledgebase for crypto assets, DeFi and blockchain.

    We're a community. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    Open Interest In Ethereum Futures Has Hit a Record High

    February 13, 2022

    Number of SHIB holders surges more than 30% in a month

    November 12, 2021

    Estimating This Cycle’s Bitcoin Price Top

    November 12, 2021
    Get Informed

    Subscribe to Updates

    Get the latest creative news from Bitwiza about altcoins, cryptocurrencies and blockchain.

    Facebook Twitter Instagram Pinterest
    • Altcoins
    • Blockchain
    • Bitcoin
    • DeFi
    • Ethereum
    • Crypto Mining
    • NFT
    • Security
    © 2022 Bitwiza. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.