Ethereum Bears Aim Big After Recent Breakdown Below $1,600
Ethereum declined to fall heavily to the $1,750 support against the US Dollar. ETH is giving negative indications and stays at a risk of more losses below $1550
Ethereum started to fall and traded below the $1600 level. Ethereum price is now trading below $1650 and the 100 hourly simple moving average.
There was a break over an interfacing negative pattern line with resistance close to $1,580 on the hourly diagram of ETH/USD.
The live Ethereum price today is $1,605.30 with a 24-hour trading volume of $15,529,720,631. ETH to USD price in real-time. Ethereum is up 1.24% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $195,945,683,622 USD. It has a circulating supply of 122,061,452 ETH coins
Ethereum price change in 24h is $17.04 to $17.48 with 1.07%, 24h low volume of Ethereum is $1599.05 and 24h High volume is $1840.94 with 19.16% Market Dominance
Ethereum began a significant downfall below the $1,700 level. ETH traded below the $1,650 support zone to move further into a negative zone.
It opened the doors for a move below the $1,600 level. Finally, the price traded as low as $1,524 before the bulls showed up. It began a potential gain amendment and traded over the $1,580 level. There was a break over an interfacing negative pattern line with resistance close to $1,580 on the hourly graph of ETH/USD.
Ether price moved over the 23.6% Fib retracement level of the key downfall from the $1,878 swing high to the $1,524 low. Nonetheless, the bears were dynamic close to the $1,650 zone.
The price is currently trading below $1,650 and the 100 hourly moving normally. A prompt resistance on the potential gain is close to the $1,625 level. The first significant opposition is presently shaping close to the $1,650 level. The next big resistance is close to the $1,700 level and the 100 hourly straightforward moving on an average.
Source: ETHUSD on TradingView.com
The 50% Fib retracement level of the critical downfall from the $1,878 swing high to the $1,524 low is additionally close to the $1,700 level. A clear move over the $1,700 opposition might push the cost over the $1,750 obstruction.
In Ethereum fails to rise above $1,700 opposition, it could keep on dropping down. An underlying help on the drawback is closing the $1,550 zone.
The following significant is close to $1,525, below which ether price could speed up lower. In the expressed case, the price may maybe decline towards the $1,465 level. Additional misfortunes may maybe open the doors for a move towards the $1,420 level.