{"id":467269,"date":"2021-07-12T06:08:10","date_gmt":"2021-07-12T06:08:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=467269"},"modified":"2024-06-11T13:20:57","modified_gmt":"2024-06-11T13:20:57","slug":"ethereum-vulnerable-2-2k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-vulnerable-2-2k\/","title":{"rendered":"TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $2.2K"},"content":{"rendered":"
Ethereum is attempting a decent recovery wave above $2,100 against the US Dollar. ETH price could gain momentum if it settles above the $2,200 resistance zone.<\/em><\/p>\n There was a fresh decline in ethereum below the $2,120 support zone. However, ETH remained well bid above the $2,050 support zone. A low is formed near $2,050 before the price started a fresh increase, similar to bitcoin<\/a>.<\/p>\n The price recovered above the $2,100 and $2,120 resistance levels. Ether even climbed above the 23.6% Fib retracement level of the key decline from the $2,405 swing high to $2,049 low. it is now trading near the $2,150 resistance and the 100 hourly simple moving average.<\/p>\n The first key resistance is near the $2,200 level. The next major resistance<\/a> is near the $2,220 level. It is near the 50% Fib retracement level of the key decline from the $2,405 swing high to $2,049 low.<\/p>\n <\/a><\/p>\n A proper close above the $2,200 and $2,220 resistance levels could set the pace for a decent increase. The next major resistance above $2,220 could be near the $2,300 level. Any more gains could set the pace for a move towards the $2,450 level in the near term.<\/p>\n If Ethereum fails to climb above the $2,200 resistance zone, it could start a fresh decline. An initial support on the downside is near the $2,100 level.<\/p>\n The first major support is near the $2,050 level. The next major support is near the $2,000 level. If ether bulls fail to defend the $2,050 and $2,000 support levels, there are chances of a sharp decline. The next stop for the bears may possibly be near the $1,850 level.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now slowly losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is still above the 50 level.<\/p>\n Major Support Level \u2013 $2,050<\/p>\n Major Resistance Level \u2013 $2,200<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is attempting a decent recovery wave above $2,100 against the US Dollar. ETH price could gain momentum if it settles above the $2,200 resistance zone. Ethereum is slowly moving higher above the $2,100 resistance zone. The price is now trading near the $2,150 resistance and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,100 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must settle above $2,180 and $2,200 to start a steady increase in the near term. Ethereum Price Is Facing Hurdles There was a fresh decline in ethereum below the $2,120 support zone. However, ETH remained well bid above the $2,050 support zone. A low is formed near $2,050 before the price started a fresh increase, similar to bitcoin. The price recovered above the $2,100 and $2,120 resistance levels. Ether even climbed above the 23.6% Fib retracement level of the key decline from the $2,405 swing high to $2,049 low. it is now trading near the $2,150 resistance and the 100 hourly simple moving average. The first key resistance is near the $2,200 level. The next major resistance is near the $2,220 level. It is near the 50% Fib retracement level of the key decline from the $2,405 swing high to $2,049 low. Source: ETHUSD on TradingView.com A proper close above the $2,200 and $2,220 resistance levels could set the pace for a decent increase. The next major resistance above $2,220 could be near the $2,300 level. Any more gains could set the pace for a move towards the $2,450 level in the near term. Fresh Decline in ETH? If Ethereum fails to climb above the $2,200 resistance zone, it could start a fresh decline. An initial support on the downside is near the $2,100 level. The first major support is near the $2,050 level. The next major support is near the $2,000 level. If ether bulls fail to defend the $2,050 and $2,000 support levels, there are chances of a sharp decline. The next stop for the bears may possibly be near the $1,850 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is still above the 50 level. Major Support Level \u2013 $2,050 Major Resistance Level \u2013 $2,200<\/p>\n","protected":false},"author":67,"featured_media":463056,"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":[1946,8686,78803],"class_list":["post-467269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Is Facing Hurdles<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n