{"id":15137,"date":"2023-01-02T04:56:09","date_gmt":"2023-01-02T08:56:09","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=15137"},"modified":"2023-01-02T04:56:09","modified_gmt":"2023-01-02T08:56:09","slug":"ethereum-price-faces-hurdles-why-eth-is-vulnerable-below-1250","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/02\/ethereum-price-faces-hurdles-why-eth-is-vulnerable-below-1250\/","title":{"rendered":"Ethereum Price Faces Hurdles, Why ETH Is Vulnerable Below $1,250"},"content":{"rendered":"

Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance.<\/em><\/p>\n

Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels.
\nThe price is now trading below $1,200 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair remains at a risk of a fresh decline if it stays below the $1,120 level or even $1,250.<\/p>\n

Ethereum Price Still In Range<\/h2>\n

Ethereum price attempted an upside break above the $1,210 zone. ETH faced resistance below $1,220 and remained in a bearish zone, similar to bitcoin<\/a>.<\/p>\n

A high was formed near $1,205 and there was a bearish reaction. The price traded as low as $1,192 and remained in a range. The price is now moving higher above $1,195. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low.<\/p>\n

Ether price is now trading below $1,200 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,195 on the hourly chart of ETH\/USD.<\/p>\n

An immediate resistance is near the $1,200 level and the 100 hourly SMA. It is near the 50% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low.<\/p>\n

<\/a><\/p>\n

The next major resistance is near the $1,210 level. The first major resistance is near $1,220. A close above the $1,220 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,250 resistance. The next major resistance could be $1,270, above which the price might rise towards the $1,300 resistance zone.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If ethereum fails to climb above the $1,210 resistance, it could start another drop. An initial support on the downside is near the $1,195 level and the trend line.<\/p>\n

The next major support is near the $1,185 level. A downside break below $1,185 might send the price towards the $1,150 support. Any more losses might call for a test of the $1,120 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now near the 50 level.<\/p>\n

Major Support Level \u2013 $1,185<\/p>\n

Major Resistance Level \u2013 $1,210<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance.<\/em><\/p>\n

Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels.
\nThe price is now trading below $1,200 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair remains at a risk of a fresh decline if it stays below the $1,120 level or even $1,250.<\/p>\n

Ethereum Price Still In Range<\/h2>\n

Ethereum price attempted an upside break above the $1,210 zone. ETH faced resistance below $1,220 and remained in a bearish zone, similar to bitcoin<\/a>.<\/p>\n

A high was formed near $1,205 and there was a bearish reaction. The price traded as low as $1,192 and remained in a range. The price is now moving higher above $1,195. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low.<\/p>\n

Ether price is now trading below $1,200 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $1,195 on the hourly chart of ETH\/USD.<\/p>\n

An immediate resistance is near the $1,200 level and the 100 hourly SMA. It is near the 50% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low.<\/p>\n

<\/a><\/p>\n

The next major resistance is near the $1,210 level. The first major resistance is near $1,220. A close above the $1,220 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,250 resistance. The next major resistance could be $1,270, above which the price might rise towards the $1,300 resistance zone.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If ethereum fails to climb above the $1,210 resistance, it could start another drop. An initial support on the downside is near the $1,195 level and the trend line.<\/p>\n

The next major support is near the $1,185 level. A downside break below $1,185 might send the price towards the $1,150 support. Any more losses might call for a test of the $1,120 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now near the 50 level.<\/p>\n

Major Support Level \u2013 $1,185<\/p>\n

Major Resistance Level \u2013 $1,210<\/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-15137","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\/15137","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=15137"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15137\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15137"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}