{"id":488653,"date":"2022-04-22T05:08:13","date_gmt":"2022-04-22T05:08:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=488653"},"modified":"2024-06-11T14:20:56","modified_gmt":"2024-06-11T14:20:56","slug":"ethereum-dives-below-3k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-dives-below-3k\/","title":{"rendered":"TA: Ethereum Dives Below $3K, Can The Bulls Save Day?"},"content":{"rendered":"
Ethereum started a sharp decline from $3,180 against the US Dollar. ETH bulls must protect the $2,950 support to avoid a trend change in the near term.<\/em><\/p>\n Ethereum attempted a clear move above the $3,150 resistance zone<\/a>. However, ETH failed to gain strength above the $3,150 level and formed a short-term top near $3,180. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n A high was formed at $3,179 and the price started a sharp decline. There was a clear move below the $3,100 support zone and the 100 hourly simple moving average<\/a>. Besides, there was a break below a key bullish trend line with support near $3,100 on the hourly chart of ETH\/USD.<\/p>\n Ether price declined below the 50% Fib retracement level of the upward wave from the $2,880 swing low to $3,179 high. The price even tested the $2,950 support zone.<\/p>\n It seems like the bulls are defending the 76.4% Fib retracement level of the upward wave from the $2,880 swing low to $3,179 high. On the upside, an initial resistance is seen near the $3,020 level. The next major resistance is near the $3,030 level.<\/p>\n <\/a><\/p>\n The main resistance now sits near $3,060 and the 100 hourly simple moving average. A close above the $3,060 level might start a fresh rise in the near term. In the stated case, ether might climb towards the $3,150 level.<\/p>\n If ethereum fails to gain pace above the $3,030 level, it could continue to move down. An initial support on the downside is near the $2,970 zone.<\/p>\n\n
Ethereum Price Dips<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Downsides in ETH?<\/h2>\n