{"id":390923,"date":"2019-07-24T03:08:02","date_gmt":"2019-07-24T03:08:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=390923"},"modified":"2024-06-11T13:08:44","modified_gmt":"2024-06-11T13:08:44","slug":"ethereum-price-eth-primed-to-revisit-190-bears-in-control","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-eth-primed-to-revisit-190-bears-in-control\/","title":{"rendered":"Ethereum Price (ETH) Primed To Revisit $190, Bears In Control"},"content":{"rendered":"
Ethereum price is currently trading with a bearish bias versus the US Dollar and bitcoin<\/a>. ETH price might continue to slide as long as it is below $215 and $220.<\/em><\/p>\n This week, Ethereum price mostly traded with a bearish bias below $230 against the US Dollar. The ETH\/USD pair broke a few important supports near $220 and $215 to enter a bearish zone. Moreover, there was a close below the $220 level and the 100 hourly simple moving average. The price is currently under a lot of pressure and it even broke the $208 support level.<\/p>\n The bulls are currently defending the $200 support area<\/a>, but the price remains at a risk of more losses. An immediate resistance is near the $210 level. The 50% Fib retracement level of the recent decline from the $220 high to $200 low is also near the $210 level to act as a resistance. The next key resistance is near the $215 level. Moreover, there is a major bearish trend line forming with resistance near $214 on the hourly chart of ETH\/USD.<\/p>\n The 61.8% Fib retracement level of the recent decline from the $220 high to $200 low might also act as a resistance near the $212 level. Therefore, the price is likely to face a lot of hurdles near the $210, $212 and $215 levels. If there is a successful break above the $215 resistance, there are chances of a fresh increase in the near term.<\/p>\n On the other hand, if the price fails to break the $210 or $215 resistance, it could continue to move down. An immediate support is near the $200 level, below which there is a risk of more losses.<\/p>\nEthereum Price Analysis<\/h2>\n