Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time.<\/p>\n
Ethereum started a fresh decline after it failed to clear the $1,350 resistance.
\nThe price is now trading below $1,320 and the 100 hourly simple moving average.
\nThere was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bearish momentum if it breaks the $1,265 support zone.<\/p>\n
Ethereum Price Grinds Lower<\/p>\n
Ethereum attempted a fresh increase above the $1,350 level, similar to bitcoin price<\/a>. ETH struggled to gain pace for a move above the $1,350 level.<\/p>\n The price traded as high as $1,340 and started a fresh decline. There was a move below the $1,320 support zone. Besides, there was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD. The pair even declined below the 50% Fib retracement level of the upward move from the $1,262 swing low to $1,340 high.<\/p>\n Ether price is now trading below $1,320 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,290 level and a connecting bearish trend line on the same chart.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n The first major resistance is near the $1,300 level and the 100 hourly simple moving average. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price might accelerate higher.<\/p>\n Downside Break in ETH?<\/p>\n If ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,265 level.<\/p>\n The next major support is near the $1,240 level or the 1.236 Fib extension level of the upward move from the $1,262 swing low to $1,340 high. A downside break below the $1,240 zone might start a fresh decline to $1,220. Any more losses may perhaps open the gates for a move towards the $1,200 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n Hourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\n Major Support Level \u2013 $1,265<\/p>\n Major Resistance Level \u2013 $1,300<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time.<\/p>\n Ethereum started a fresh decline after it failed to clear the $1,350 resistance. Ethereum Price Grinds Lower<\/p>\n Ethereum attempted a fresh increase above the $1,350 level, similar to bitcoin price<\/a>. ETH struggled to gain pace for a move above the $1,350 level.<\/p>\n The price traded as high as $1,340 and started a fresh decline. There was a move below the $1,320 support zone. Besides, there was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD. The pair even declined below the 50% Fib retracement level of the upward move from the $1,262 swing low to $1,340 high.<\/p>\n Ether price is now trading below $1,320 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,290 level and a connecting bearish trend line on the same chart.<\/p>\n
\nThe price is now trading below $1,320 and the 100 hourly simple moving average.
\nThere was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bearish momentum if it breaks the $1,265 support zone.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe first major resistance is near the $1,300 level and the 100 hourly simple moving average. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price might accelerate higher.<\/p>\nDownside Break in ETH?<\/p>\nIf ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,265 level.<\/p>\nThe next major support is near the $1,240 level or the 1.236 Fib extension level of the upward move from the $1,262 swing low to $1,340 high. A downside break below the $1,240 zone might start a fresh decline to $1,220. Any more losses may perhaps open the gates for a move towards the $1,200 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,265<\/p>\nMajor Resistance Level \u2013 $1,300<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time.<\/p>\nEthereum started a fresh decline after it failed to clear the $1,350 resistance.\nThe price is now trading below $1,320 and the 100 hourly simple moving average.\nThere was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could gain bearish momentum if it breaks the $1,265 support zone.<\/p>\nEthereum Price Grinds Lower<\/p>\nEthereum attempted a fresh increase above the $1,350 level, similar to bitcoin price<\/a>. ETH struggled to gain pace for a move above the $1,350 level.<\/p>\nThe price traded as high as $1,340 and started a fresh decline. There was a move below the $1,320 support zone. Besides, there was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD. The pair even declined below the 50% Fib retracement level of the upward move from the $1,262 swing low to $1,340 high.<\/p>\nEther price is now trading below $1,320 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $1,290 level and a connecting bearish trend line on the same chart.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nThe first major resistance is near the $1,300 level and the 100 hourly simple moving average. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price might accelerate higher.<\/p>\nDownside Break in ETH?<\/p>\nIf ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,265 level.<\/p>\nThe next major support is near the $1,240 level or the 1.236 Fib extension level of the upward move from the $1,262 swing low to $1,340 high. A downside break below the $1,240 zone might start a fresh decline to $1,220. Any more losses may perhaps open the gates for a move towards the $1,200 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now below the 50 level.<\/p>\nMajor Support Level \u2013 $1,265<\/p>\nMajor Resistance Level \u2013 $1,300<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10176","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10176"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10176\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10176"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-17.png\"){kind=link}