Monday, March 27, 2023
No Result
View All Result
Blockchain Daily Report
Advertisement
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
Logo
No Result
View All Result
Home Analysis

Ethereum Price Nears Breakdown Support, Can Bulls Save The Day?

by Blockchain Daily Report
December 9, 2022
in Analysis
Reading Time: 2 mins read
A A
0
Ethereum Price Nears Breakdown Support, Can Bulls Save The Day?
Share on FacebookShare on Twitter


Ethereum prolonged its decline under the $1,240 assist in opposition to the US Greenback. ETH stays at a danger of extra losses under the $1,220 assist within the close to time period.

Ethereum remained in a bearish zone and traded under the $1,240 assist.
The value is now buying and selling under $1,250 and the 100 hourly easy transferring common.
There’s a key bearish development line forming with resistance close to $1,245 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
The pair stays at a danger of a draw back break under the $1,220 assist.

Ethereum Worth Visits Key Help

Ethereum worth did not get better losses and prolonged its decline under the $1,250 degree. ETH even traded under the $1,240 assist degree and the 100 hourly easy transferring common, much like bitcoin.

The value moved right into a short-term bearish zone and even examined the $1,220 assist. A low is fashioned close to $1,220 and is at present consolidating losses. Ether worth is now buying and selling under $1,250 and the 100 hourly easy transferring common.

There’s additionally a key bearish development line forming with resistance close to $1,245 on the hourly chart of ETH/USD. A direct resistance on the upside is close to the $1,235 degree. The 23.6% Fib retracement degree of the latest drop from the $1,278 swing excessive to $1,220 low can also be close to $1,235.

The primary main resistance is close to the $1,245 degree and the bearish development line. In addition to, the 50% Fib retracement degree of the latest drop from the $1,278 swing excessive to $1,220 low and the 100 hourly easy transferring common is close to the $1,250 degree.

Supply: ETHUSD on TradingView.com

A detailed above the $1,250 resistance would possibly begin a recent improve. The subsequent main resistance is close to the $1,280 degree, above which ether worth may achieve bullish momentum for a transfer to $1,310. Any extra beneficial properties would possibly ship the worth in the direction of the $1,350 resistance zone.

Extra Losses in ETH?

If ethereum fails to get better above the $1,250 resistance, it may proceed to maneuver down. An preliminary assist on the draw back is close to the $1,220 degree.

The subsequent main assist is close to the $1,200 degree. If there’s a break and shut under $1,200, the worth may even drop in the direction of the $1,165 assist. Any extra losses may lead the worth in the direction of the $1,075 assist.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now under the 50 degree.

Main Help Degree – $1,220

Main Resistance Degree – $1,250



Source link

Tags: BreakdownBullsDayEthereumNearspriceSavesupport
Share76Tweet47

Related Posts

Coinbase stock falls again, what happens next for struggling exchange?

Coinbase stock falls again, what happens next for struggling exchange?

by Blockchain Daily Report
March 24, 2023
0

Key Takeaways Coinbase was issued with a Wells discover this week and now awaits formal costs from the SEC Regulators...

Crypto price predictions: OAX, Mask Network, Arbitrum

Crypto price predictions: OAX, Mask Network, Arbitrum

by Blockchain Daily Report
March 25, 2023
0

Cryptocurrency costs had a comparatively robust efficiency this week even because the banking disaster escalated. Bitcoin rose to a excessive of...

For new investors in the crypto market, Bitcoin shares are recommended for entry instead

For new investors in the crypto market, Bitcoin shares are recommended for entry instead

by Blockchain Daily Report
March 24, 2023
0

The Bitcoin value skilled a drastic downward motion within the early morning hours of March 3, inflicting it to drop...

Here are the 12 Best GameFi Crypto Tokens to Invest in Now

Here are the 12 Best GameFi Crypto Tokens to Invest in Now

by Blockchain Daily Report
March 25, 2023
0

2023 might be the yr that GameFi actually begins to take off. An increasing number of thrilling GameFi tasks are...

Bitcoin slides off Fed meeting before bouncing back, but what next?

Bitcoin slides off Fed meeting before bouncing back, but what next?

by Blockchain Daily Report
March 26, 2023
0

Key Takeaways Federal Reserve hikes 25 bps, Bitcoin drops over 6% Bounceback in costs comply with, nonetheless, as market bets...

Load More
  • Trending
  • Comments
  • Latest
Mine CLORE Coins Used by the CLORE.AI Distributed Computing Platform

Mine CLORE Coins Used by the CLORE.AI Distributed Computing Platform

January 23, 2023
WildRig Multi 0.36.4 beta Now With Faster NEXA Performance and Lower Fee

WildRig Multi 0.36.4 beta Now With Faster NEXA Performance and Lower Fee

January 23, 2023
The Crypto Momentum of Traditional Brokers

The Crypto Momentum of Traditional Brokers

March 27, 2023
The 100 most popular art museums in the world—who has recovered and who is still struggling?

The 100 most popular art museums in the world—who has recovered and who is still struggling?

March 27, 2023
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking – Economics Bitcoin News

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking – Economics Bitcoin News

March 27, 2023
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

March 27, 2023
US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters – Regulation Bitcoin News

US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters – Regulation Bitcoin News

March 27, 2023
Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro – Bitcoin News

Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro – Bitcoin News

March 26, 2023
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation

Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation

March 26, 2023
Joanne Hollings NFT Artist Interview | NFT CULTURE | NFT News | Web3 Culture

Joanne Hollings NFT Artist Interview | NFT CULTURE | NFT News | Web3 Culture

March 27, 2023
Facebook Twitter Instagram Youtube RSS

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Blockchain Daily Report.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$27,959.000.49%
  • ethereumEthereum(ETH)$1,765.66-0.81%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.41%
  • binancecoinBNB(BNB)$328.770.16%
  • usd-coinUSD Coin(USDC)$1.00-0.35%
  • rippleXRP(XRP)$0.4700471.62%
  • cardanoCardano(ADA)$0.352464-2.02%
  • staked-etherLido Staked Ether(STETH)$1,768.88-0.84%
  • dogecoinDogecoin(DOGE)$0.073888-1.79%