Ethereum Price Plunge To $1,150 On The Horizon As Bulls Show Weak Hands
Ethereum declined below $1300. ETH is showing signs and there is a risk of more losses towards $1200 or even $1150.
Ethereum Price is currently trading below $1300 ETH indicating bearish signs and there is a risk of losses towards $1200 to $1150.
Ethereum started to decrease below the $1350 and $1320 support zone. ETH resistance is near $1285 on the hourly chart of ETH/USD.
Ethereum struggled to recover above the $1340 and $1350 levels. ETH started a fresh decline and traded below the $1300 level.
The live Ethereum price today is $1,276.44 with a 24-hour trading volume of $9,710,184,118. Ethereum is down 3.28% in the last 24 hours The current CoinMarketCap ranking is #2, with a live market cap of $156,675,015,073. It has a circulating supply of 122,743,861 ETH coins and the max. supply is not available.
ETH price statistics the 24h price change is -$42.99 of 3.23% and 24h low is $1,272.98 and 24h high is $1,319.95 with a 17.06% market. dominance.
The first resistance zone is near the $1285 support level. there is also a key bearish trend forming with resistance near $1285 on the hourly chart of ETH/USD the trend line is near the 23.5% FIB retracement level of the recent decline from the $1337 swing high to the $1276 low.
Ethereum price maybe rises toward the $1300 resistance zone. it is near the 50% FIB retracement level of the recent decline from the $1337 high to the low of $1276.
The next major resistance could be near the $1320 level and the 100 hourly simple moving average. the price could revisit $1350.
IF Ethereum fails to touch above the $1300 resistance it could continue to move down and initial support on the downside is near the $1280 level.