CRYPTO NEWS - Ethereum Price Consolidates Losses, Why 100 SMA Could Trigger Rally
CRYPTO NEWS - Ethereum Price Consolidates Losses, Why 100 SMA Could Trigger Rally
CRYPTO NEWS - Crypto Market is Frozen - Bitcoin Price at $20,4K
Intro: (0:00)
Ethereum Price: (1:11)
Ethereum News (1:15)
Crypto News: (4:12)
Crypto Market Review: (6:41)
Ethereum Price Consolidates Losses: (8:15)
Outro: (10:06)
Ethereum declined heavily below the $1,320 support zone, similar to bitcoin. ETH even traded below the $1,200 support level and settled below the 100 hourly simple moving average.
It even spiked below $1,100 and traded as low as $1,070. Recently, there was an upside correction above the $1,120 and $1,150 levels. Ether price climbed above the 23.6% Fib retracement level of the key decline from the $1,580 swing high to $1,070 low.
Besides, there was a break above a major bearish trend line with resistance near $1,210 on the hourly chart of ETH/USD. The pair even spiked above the $1,300 resistance.
However, the bears defended the $1,320 resistance and the 100 hourly simple moving average. The price also failed near the 50% Fib retracement level of the key decline from the $1,580 swing high to $1,070 low. An immediate resistance on the upside is near the $1,280 level.
CRYPTO NEWS - Crypto Market is Frozen - Bitcoin Price at $20,4K
Intro: (0:00)
Ethereum Price: (1:11)
Ethereum News (1:15)
Crypto News: (4:12)
Crypto Market Review: (6:41)
Ethereum Price Consolidates Losses: (8:15)
Outro: (10:06)
Ethereum declined heavily below the $1,320 support zone, similar to bitcoin. ETH even traded below the $1,200 support level and settled below the 100 hourly simple moving average.
It even spiked below $1,100 and traded as low as $1,070. Recently, there was an upside correction above the $1,120 and $1,150 levels. Ether price climbed above the 23.6% Fib retracement level of the key decline from the $1,580 swing high to $1,070 low.
Besides, there was a break above a major bearish trend line with resistance near $1,210 on the hourly chart of ETH/USD. The pair even spiked above the $1,300 resistance.
However, the bears defended the $1,320 resistance and the 100 hourly simple moving average. The price also failed near the 50% Fib retracement level of the key decline from the $1,580 swing high to $1,070 low. An immediate resistance on the upside is near the $1,280 level.
