{"id":394454,"date":"2019-08-28T03:08:29","date_gmt":"2019-08-28T03:08:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=394454"},"modified":"2024-06-11T13:24:48","modified_gmt":"2024-06-11T13:24:48","slug":"ethereum-price-eth-showing-further-signs-of-weakness","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-eth-showing-further-signs-of-weakness\/","title":{"rendered":"Ethereum Price (ETH) Showing Further Signs Of Weakness"},"content":{"rendered":"
Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin<\/a>. ETH price could decline sharply if it fails to stay above the $182 and $180 support levels.<\/em><\/p>\n After a failed upside attempt near $195, ETH price started a fresh decline against the US Dollar. The price broke the key $192 support level to move back into a bearish zone. Moreover, there was a close below the $190 level and the 100 hourly simple moving average. On the downside, the $184 level seems to be acting as a decent support. Similarly, there were mostly bearish moves in bitcoin<\/a> below the $10,300 and $10,400 levels.<\/p>\n At the moment, Ethereum is trading near the $185 level. An immediate support is near the $184 level. If there is a downside break below the $184 support, the price could test the $182 support. The main support is near the $180 level, below which there is a risk of a sharp decline in the coming sessions.<\/p>\n On the upside, an initial resistance is near $187 plus the 23.6% Fib retracement level of the recent slide from the $195 swing high to $184 low. Moreover, there is a key bearish trend line forming with resistance at $187 on the hourly chart of ETH\/USD. If there is an upside break above the trend line and $187, the price could test the 100 hourly simple moving average.<\/p>\n Additionally, the 50% Fib retracement level of the recent slide from the $195 swing high to $184 low is near the $190 level to act as a strong resistance. A convincing close above the $190 resistance and the 100 hourly SMA could push the price towards the $195 resistance.<\/p>\nEthereum Price Analysis<\/h2>\n