• About Us
  • Privacy Policy
  • Contact Us
Subscribe
BitcoinCryptos - News About Bitcoin & Cryptos
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
BitcoinCryptos
No Result
View All Result
Home Market

Ethereum Near Make-or-Break Levels, Why ETH Could Extend Losses

February 17, 2022
in Market
0
Ethereum Near Make-or-Break Levels, Why ETH Could Extend Losses
Share on FacebookShare on Twitter


Ethereum failed to clear the $3,200 resistance against the US Dollar. ETH price is declining and might retest the $2,960 support zone in the near term.

  • Ethereum is struggling to clear the $3,190 and $3,200 resistance levels.
  • The price is now trading above $3,050 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could extend losses if it fails to stay above the USD 3,050 support.

Ethereum Price Reaches Key Support

Ethereum attempted an upside break above the $3,200 resistance zone. However, ETH failed to gain momentum and formed a short-term top near the $3,196 level.

Ether price corrected gains and traded below the $3,150 support. There was a move below the 23.6% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high. The price even declined below $3,120.

However, it is still trading above $3,050 and the 100 hourly simple moving average. There is also a trading above $3,050 and the 100 hourly simple moving average.

Ethereum Price

Source: ETHUSD on TradingView.com

An immediate resistance on the upside is near the $3,100 level. The first major resistance is near the $3,150 level. The main resistance is still near the $3,200 level. A successful close above $3,200 might start a steady increase. In the stated case, the price could rise towards $3,250. Any more gains might send the price towards the $3,320 level.

Downside Break in ETH?

If ethereum fails to start a fresh increase above $3,100 or $3,150, it could continue to move down. An initial support on the downside is near the $3,060 level, the 100 hourly simple moving average, and the trend line. The next major support is near the $3,020 level.

The 50% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high is also near the $3,020 zone. A downside break below the trend line support and then $3,020 could start a major decline. The next major support is near the $2,960 level. Any more losses might call for a move towards $2,880.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 level.

Major Support Level – $3,050

Major Resistance Level – $3,150



Source link

Related articles

North Korean crypto attacks rising in sophistication, actors — Paradigm

US Sanctions North Korea IT Worker Crypto Fraud Ring

July 9, 2025
Bitcoin Lacked Mainstream Media Coverage In Q2: Report

Bitcoin Lacked Mainstream Media Coverage In Q2: Report

July 9, 2025
Tags: ETHEthereumExtendLevelsLossesMakeorBreak
Share76Tweet47

Related Posts

North Korean crypto attacks rising in sophistication, actors — Paradigm

US Sanctions North Korea IT Worker Crypto Fraud Ring

July 9, 2025
0

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT...

Bitcoin Lacked Mainstream Media Coverage In Q2: Report

Bitcoin Lacked Mainstream Media Coverage In Q2: Report

July 9, 2025
0

Mainstream media coverage of Bitcoin and crypto in the second quarter was polarized and lacking in volume despite the cryptocurrency...

Bitcoin Sentiment Turns Bullish In Hopes of Return To $110K

Bitcoin Sentiment Turns Bullish In Hopes of Return To $110K

July 9, 2025
0

Crypto traders are becoming increasingly bullish on social media over Bitcoin’s chances of reclaiming $110,000, but the surge in optimism...

US Treasury argues no need for final court judgment in Tornado Cash case

Roman Storm Judge Unlikely To Allow Mention Of Tornado Cash Sanctions

July 9, 2025
0

The judge overseeing the US criminal trial of Tornado Cash co-founder and developer Roman Storm said she was “inclined” to...

BioSig, Streamex Secure $1.1B to Help Bring Commodities On-Chain

BioSig, Streamex Secure $1.1B to Help Bring Commodities On-Chain

July 9, 2025
0

BioSig and Streamex have secured $1.1 billion in growth financing to support their pivot into onchain commodities, starting with gold.The...

Load More

Leave a Reply

Your email address will not be published. Required fields are marked *

Ethereum Foundation Launches Open Intents Framework to Boost Cross-Chain Interoperability

Ethereum Is Becoming What Treasuries Are to Traditional Finance: Research

July 9, 2025
0

“Stablecoins are spreading the dollar faster than any financial tech in history,” said Electric Capital General Partner Maria Shen on...

North Korean crypto attacks rising in sophistication, actors — Paradigm

US Sanctions North Korea IT Worker Crypto Fraud Ring

July 9, 2025
0

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT...

Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

July 9, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tokyo-listed Metaplanet has quietly become one of...

Bitcoin Lacked Mainstream Media Coverage In Q2: Report

Bitcoin Lacked Mainstream Media Coverage In Q2: Report

July 9, 2025
0

Mainstream media coverage of Bitcoin and crypto in the second quarter was polarized and lacking in volume despite the cryptocurrency...

Bitcoin Sentiment Turns Bullish In Hopes of Return To $110K

Bitcoin Sentiment Turns Bullish In Hopes of Return To $110K

July 9, 2025
0

Crypto traders are becoming increasingly bullish on social media over Bitcoin’s chances of reclaiming $110,000, but the surge in optimism...

We have all the news related to the crypto market and we make sure to bring and publish all the updates as fast as we can.

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021

Newsletter

    • About Us
    • Privacy Policy
    • Contact Us

    © 2021 bitcoincryptos.com

    Please enter CoinGecko Free Api Key to get this plugin works.
    No Result
    View All Result
    • Home
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Cryptocurrency
    • Blockchain
    • Regulation
    • Market
    • Prices

    © 2018 JNews by Jegtheme.