Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.<\/p>\n
Ethereum remained in a bearish zone and extended losses below $1,500.
\nThe price is now trading below $1,500 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a recovery wave unless there is a clear move below the $1,400 support.<\/p>\n
Ethereum Price Breaks Down<\/p>\n
Ethereum failed to recover losses and trade above the $1,550 level. ETH started another decline<\/a> and traded below the key $1,500 support zone.<\/p>\n It opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low.<\/p>\n There is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n It is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase.<\/p>\n More Losses in ETH?<\/p>\n If ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone.<\/p>\n A clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n Hourly RSI \u2013 The RSI for ETH\/USD is now well below the 50 level.<\/p>\n Major Support Level \u2013 $1,400<\/p>\n Major Resistance Level \u2013 $1,460<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.<\/p>\n Ethereum remained in a bearish zone and extended losses below $1,500. Ethereum Price Breaks Down<\/p>\n Ethereum failed to recover losses and trade above the $1,550 level. ETH started another decline<\/a> and traded below the key $1,500 support zone.<\/p>\n It opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low.<\/p>\n There is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550.<\/p>\n
\nThe price is now trading below $1,500 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a recovery wave unless there is a clear move below the $1,400 support.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nIt is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone.<\/p>\nA clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now well below the 50 level.<\/p>\nMajor Support Level \u2013 $1,400<\/p>\nMajor Resistance Level \u2013 $1,460<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.<\/p>\nEthereum remained in a bearish zone and extended losses below $1,500.\nThe price is now trading below $1,500 and the 100 hourly simple moving average.\nThere is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could start a recovery wave unless there is a clear move below the $1,400 support.<\/p>\nEthereum Price Breaks Down<\/p>\nEthereum failed to recover losses and trade above the $1,550 level. ETH started another decline<\/a> and traded below the key $1,500 support zone.<\/p>\nIt opened the doors for a sharp decline below the $1,450 level. Ether price even tested the $1,400 support zone. A low is formed near $1,402 and the price is now consolidating losses. It is now trading below $1,500 and the 100 hourly simple moving average<\/a>.<\/p>\nAn immediate resistance on the upside is near the $1,440 level. The first major resistance is near the $1,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low.<\/p>\nThere is also a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH\/USD. A clear move above the trend resistance might send the price towards the $1,500 level. The next major resistance could be $1,550.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nIt is near the 50% Fib retracement level of the downward move from the $1,662 swing high to $1,402 low. The main breakout zone is now forming near the $1,550 zone. A clear move above the $1,550 level could start a decent increase.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to rise above the $1,460 resistance, it could continue to move down. An initial support on the downside is near the $1,400 zone.<\/p>\nA clear move below the $1,400 support might push the price towards the $1,375 support zone. Any more losses might even push ether price to the $1,300 support.<\/p>\nTechnical Indicators<\/p>\nHourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\nHourly RSI \u2013 The RSI for ETH\/USD is now well below the 50 level.<\/p>\nMajor Support Level \u2013 $1,400<\/p>\nMajor Resistance Level \u2013 $1,460<\/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-4130","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\/4130","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=4130"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4130\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=4130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=4130"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=4130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Ethereum-20.png\"){kind=link}