Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.<\/p>\n
Ethereum gained bearish momentum below the $1,350 and $1,320 support levels.
\nThe price is now trading below $1,300 and the 100 hourly simple moving average.
\nThere was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its decline towards the $1,220 and $1,200 support levels.<\/p>\n
Ethereum Price Dips Again<\/p>\n
Ethereum attempted a decent increase above the $1,350 level. ETH even broke the $1,380, similar to bitcoin<\/a>. However, the bulls failed to clear the $1,400 resistance zone.<\/p>\n A high was formed near $1,399 and the price started a fresh decline. There was a clear move below the $1,350 and $1,320 support levels. There was a clear move below the 76.4% Fib retracement level of the upward move from the $1,269 swing low to $1,399 high.<\/p>\n Besides, there was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD. Ether price is also trading below $1,300 and the 100 hourly simple moving average<\/a>.<\/p>\n On the upside, the price is facing resistance near the $1,290 and $1,300 levels. The next major resistance is near $1,325 level and the 100 hourly SMA. A clear break above $1,325 might start a decent increase towards the $1,380 level.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n Any more gains may perhaps open the doors for a move towards the $1,400 resistance, above which the bulls could aim a strong increase.<\/p>\n More Losses in ETH?<\/p>\n If ethereum fails to climb above the $1,325 resistance, it could continue to move down. An initial support on the downside is near the $1,270.<\/p>\n The next major support is near the $1,240 level. It is near the 1.236 Fib extension level of the upward move from the $1,269 swing low to $1,399 high. A downside break below the $1,240 level might send the price towards the $1,200 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,150.<\/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 $1,240<\/p>\n Major Resistance Level \u2013 $1,325<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.<\/p>\n Ethereum gained bearish momentum below the $1,350 and $1,320 support levels. Ethereum Price Dips Again<\/p>\n Ethereum attempted a decent increase above the $1,350 level. ETH even broke the $1,380, similar to bitcoin<\/a>. However, the bulls failed to clear the $1,400 resistance zone.<\/p>\n A high was formed near $1,399 and the price started a fresh decline. There was a clear move below the $1,350 and $1,320 support levels. There was a clear move below the 76.4% Fib retracement level of the upward move from the $1,269 swing low to $1,399 high.<\/p>\n Besides, there was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD. Ether price is also trading below $1,300 and the 100 hourly simple moving average<\/a>.<\/p>\n On the upside, the price is facing resistance near the $1,290 and $1,300 levels. The next major resistance is near $1,325 level and the 100 hourly SMA. A clear break above $1,325 might start a decent increase towards the $1,380 level.<\/p>\n
\nThe price is now trading below $1,300 and the 100 hourly simple moving average.
\nThere was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its decline towards the $1,220 and $1,200 support levels.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nAny more gains may perhaps open the doors for a move towards the $1,400 resistance, above which the bulls could aim a strong increase.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to climb above the $1,325 resistance, it could continue to move down. An initial support on the downside is near the $1,270.<\/p>\nThe next major support is near the $1,240 level. It is near the 1.236 Fib extension level of the upward move from the $1,269 swing low to $1,399 high. A downside break below the $1,240 level might send the price towards the $1,200 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,150.<\/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 $1,240<\/p>\nMajor Resistance Level \u2013 $1,325<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.<\/p>\nEthereum gained bearish momentum below the $1,350 and $1,320 support levels.\nThe price is now trading below $1,300 and the 100 hourly simple moving average.\nThere was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could extend its decline towards the $1,220 and $1,200 support levels.<\/p>\nEthereum Price Dips Again<\/p>\nEthereum attempted a decent increase above the $1,350 level. ETH even broke the $1,380, similar to bitcoin<\/a>. However, the bulls failed to clear the $1,400 resistance zone.<\/p>\nA high was formed near $1,399 and the price started a fresh decline. There was a clear move below the $1,350 and $1,320 support levels. There was a clear move below the 76.4% Fib retracement level of the upward move from the $1,269 swing low to $1,399 high.<\/p>\nBesides, there was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD. Ether price is also trading below $1,300 and the 100 hourly simple moving average<\/a>.<\/p>\nOn the upside, the price is facing resistance near the $1,290 and $1,300 levels. The next major resistance is near $1,325 level and the 100 hourly SMA. A clear break above $1,325 might start a decent increase towards the $1,380 level.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nAny more gains may perhaps open the doors for a move towards the $1,400 resistance, above which the bulls could aim a strong increase.<\/p>\nMore Losses in ETH?<\/p>\nIf ethereum fails to climb above the $1,325 resistance, it could continue to move down. An initial support on the downside is near the $1,270.<\/p>\nThe next major support is near the $1,240 level. It is near the 1.236 Fib extension level of the upward move from the $1,269 swing low to $1,399 high. A downside break below the $1,240 level might send the price towards the $1,200 support in the near term. \u00a0Any more losses could increase selling and the price might drop to $1,150.<\/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 $1,240<\/p>\nMajor Resistance Level \u2013 $1,325<\/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-8631","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\/8631","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=8631"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8631\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8631"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Ethereum-22.png\"){kind=link}