ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nAn upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term.<\/p>\n
More Losses In ETH?<\/h2>\n If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,280 level. The first major support sits near the $3,220.<\/p>\n
A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.<\/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 zone.<\/p>\nMajor Support Level \u2013 $3,250<\/p>\n
Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500. Ethereum started a fresh decline from the $3,450 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,340 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,400 resistance level. Ethereum Price Extend Losses Ethereum price failed to start a recovery wave above the $3,500 level and extended losses like Bitcoin. ETH declined below the $3,450 and $3,400 support levels. There was a clear move below $3,350 and $3,320. A low was formed at $3,213 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $3,743 swing high to the $3,213 low. There is also a connecting bearish trend line forming with resistance at $3,340 on the hourly chart of ETH\/USD. Ethereum price is now trading below $3,400 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level and the trend line. The first major resistance is near the $3,475 level or the 50% Fib retracement level of the recent decline from the $3,743 swing high to the $3,213 low. The main resistance is now forming near $3,500. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,280 level. The first major support sits near the $3,220. A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. 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 zone. Major Support Level \u2013 $3,250 Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"author":67,"featured_media":672877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-672874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Price at Risk: Could $3K Be Tested Soon?<\/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