ETHUSD on TradingView.com<\/a><\/p>\nThe next key resistance is seen near the $3,550 level, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,650 zone. If there is a move above the $3,650 resistance, Ethereum could even rise toward the $3,750 resistance. Any more gains might call for a test of $3,800.<\/p>\n
More Losses In ETH?<\/h2>\n If Ethereum fails to clear the $3,360 resistance, it could continue to move down. Initial support on the downside is near the $3,240 level.<\/p>\n
The first major support is near the $3,215 zone. The next key support could be the $3,200 zone. A clear move below the $3,200 support might send the price toward $3,120. Any more losses might send the price toward the $3,040 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $3,215<\/p>\n
Major Resistance Level \u2013 $3,360<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is now showing signs of more losses below the $3,300 and $3,250 levels. Ethereum is facing many hurdles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,200 support zone. Ethereum Price Signals Downside Ethereum price traded below the $3,300 level before the bulls appeared. ETH traded as low as $3,215 before there was a minor recovery wave, like Bitcoin. The price climbed above the $3,250 and $3,280 levels. There was a move above the 23.6% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low. However, the bears were active near the $3,360 resistance. The bulls struggled and the price reacted to the downside. There was a break below a rising channel with support at $3,320 on the hourly chart of ETH\/USD. Ethereum is now trading below $3,300 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,300 level. The first major resistance is near the $3,360 level. The next key resistance sits at $3,435 or the 50% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low, above which the price might test the $3,500 level. Source: ETHUSD on TradingView.com The next key resistance is seen near the $3,550 level, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,650 zone. If there is a move above the $3,650 resistance, Ethereum could even rise toward the $3,750 resistance. Any more gains might call for a test of $3,800. More Losses In ETH? If Ethereum fails to clear the $3,360 resistance, it could continue to move down. Initial support on the downside is near the $3,240 level. The first major support is near the $3,215 zone. The next key support could be the $3,200 zone. A clear move below the $3,200 support might send the price toward $3,120. Any more losses might send the price toward the $3,040 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $3,215 Major Resistance Level \u2013 $3,360<\/p>\n","protected":false},"author":67,"featured_media":461576,"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-601339","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 Fails Again, Signs Of More Losses Below $3,300<\/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