ETHUSD on TradingView.com<\/a><\/p>\nThe next major resistance is near $3,680, above which the price might gain bullish momentum. \u00a0The next stop for the bulls could be near the $3,820 level. If there is a move above the $3,820 resistance, Ether could even rally toward the $3,950 resistance. Any more gains might call for a test of $4,000.<\/p>\n
More Losses In ETH?<\/h2>\n If Ethereum fails to clear the $3,600 resistance, it could start another downside correction. Initial support on the downside is near the $3,440 level.<\/p>\n
The first major support is near the $3,400 zone. The next key support could be the $3,340 zone. A clear move below the $3,340 support might send the price toward $3,220. Any more losses might send the price toward the $3,120 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $3,400<\/p>\n
Major Resistance Level \u2013 $3,600<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price rallied toward $3,850 before crashing. ETH followed Bitcoin, but the bulls are now active near the $3,350 support zone. Ethereum traded to a new multi-month high above $3,800 before crashing. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,620 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,600 resistance zone. Ethereum Price Takes Major Hit Ethereum price extended its rally above the $3,650 level, like Bitcoin. BTC surged and even traded to a new all-time high above $69,000. ETH also cleared the $3,800 level before the bears appeared. There was a strong bearish reaction from the $3,827 high. The price crashed over $500 and traded toward the $3,200 support. There was a break below a key bullish trend line with support at $3,620 on the hourly chart of ETH\/USD. A low was formed at $3,211 and the price is now attempting a fresh increase. There was a move above the $3,500 level. The price climbed above the 50% Fib retracement level of the downward move from the $3,827 swing high to the $3,211 low. Ethereum is now trading near $3,500 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,550 level. The first major resistance is near the $3,600 level or the 61.8% Fib retracement level of the downward move from the $3,827 swing high to the $3,211 low. Source: ETHUSD on TradingView.com The next major resistance is near $3,680, above which the price might gain bullish momentum. \u00a0The next stop for the bulls could be near the $3,820 level. If there is a move above the $3,820 resistance, Ether could even rally toward the $3,950 resistance. Any more gains might call for a test of $4,000. More Losses In ETH? If Ethereum fails to clear the $3,600 resistance, it could start another downside correction. Initial support on the downside is near the $3,440 level. The first major support is near the $3,400 zone. The next key support could be the $3,340 zone. A clear move below the $3,340 support might send the price toward $3,220. Any more losses might send the price toward the $3,120 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $3,400 Major Resistance Level \u2013 $3,600<\/p>\n","protected":false},"author":67,"featured_media":510835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,1946,8686,78803],"class_list":["post-596467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Price Drops Over 10% But Bulls Are Not Done Yet<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n