Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH retested $1,255 and remains at a risk of more losses.<\/p>\n
Ethereum started another decline after it failed to clear the $1,375 zone.
\nThe price is now trading below $1,320 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline sharply if it stays below the $1,350 level for a long time.<\/p>\n
Ethereum Price Turns Red<\/p>\n
Ethereum failed to gain pace above the $1,350 resistance zone<\/a>. ETH started a fresh decline below the $1,320 support zone and the 100 hourly simple moving average.<\/p>\n The bears even pushed the price below the $1,300 level. Ether price retested the $1,260 support zone. A low was formed near $1,264 and the price is now consolidating losses. It is now trading below $1,320 and the 100 hourly simple moving average<\/a>.<\/p>\n On the upside, the price is facing resistance near the $1,300 zone. There is also a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low.<\/p>\n The first major resistance is near the $1,320 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low is also near $1,318.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear break above $1,320 might start a decent increase towards the $1,350 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone, above which the price could surge to $1,450.<\/p>\n Fresh Decline in ETH?<\/p>\n If ethereum fails to climb above the $1,320 resistance, it could start a fresh decline. An initial support on the downside is near the $1,260 level.<\/p>\n The next major support is near the $1,250 level. A downside break below the $1,250 level might send the price towards the $1,220 support. \u00a0Any more losses could increase selling and the price might drop to $1,200 or even towards $1,150.<\/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 just below the 50 level.<\/p>\n Major Support Level \u2013 $1,260<\/p>\n Major Resistance Level \u2013 $1,320<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH retested $1,255 and remains at a risk of more losses.<\/p>\n Ethereum started another decline after it failed to clear the $1,375 zone. Ethereum Price Turns Red<\/p>\n Ethereum failed to gain pace above the $1,350 resistance zone<\/a>. ETH started a fresh decline below the $1,320 support zone and the 100 hourly simple moving average.<\/p>\n The bears even pushed the price below the $1,300 level. Ether price retested the $1,260 support zone. A low was formed near $1,264 and the price is now consolidating losses. It is now trading below $1,320 and the 100 hourly simple moving average<\/a>.<\/p>\n On the upside, the price is facing resistance near the $1,300 zone. There is also a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low.<\/p>\n The first major resistance is near the $1,320 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low is also near $1,318.<\/p>\n
\nThe price is now trading below $1,320 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could decline sharply if it stays below the $1,350 level for a long time.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,320 might start a decent increase towards the $1,350 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone, above which the price could surge to $1,450.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to climb above the $1,320 resistance, it could start a fresh decline. An initial support on the downside is near the $1,260 level.<\/p>\nThe next major support is near the $1,250 level. A downside break below the $1,250 level might send the price towards the $1,220 support. \u00a0Any more losses could increase selling and the price might drop to $1,200 or even towards $1,150.<\/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 just below the 50 level.<\/p>\nMajor Support Level \u2013 $1,260<\/p>\nMajor Resistance Level \u2013 $1,320<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH retested $1,255 and remains at a risk of more losses.<\/p>\nEthereum started another decline after it failed to clear the $1,375 zone.\nThe price is now trading below $1,320 and the 100 hourly simple moving average.\nThere is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could decline sharply if it stays below the $1,350 level for a long time.<\/p>\nEthereum Price Turns Red<\/p>\nEthereum failed to gain pace above the $1,350 resistance zone<\/a>. ETH started a fresh decline below the $1,320 support zone and the 100 hourly simple moving average.<\/p>\nThe bears even pushed the price below the $1,300 level. Ether price retested the $1,260 support zone. A low was formed near $1,264 and the price is now consolidating losses. It is now trading below $1,320 and the 100 hourly simple moving average<\/a>.<\/p>\nOn the upside, the price is facing resistance near the $1,300 zone. There is also a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low.<\/p>\nThe first major resistance is near the $1,320 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low is also near $1,318.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,320 might start a decent increase towards the $1,350 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone, above which the price could surge to $1,450.<\/p>\nFresh Decline in ETH?<\/p>\nIf ethereum fails to climb above the $1,320 resistance, it could start a fresh decline. An initial support on the downside is near the $1,260 level.<\/p>\nThe next major support is near the $1,250 level. A downside break below the $1,250 level might send the price towards the $1,220 support. \u00a0Any more losses could increase selling and the price might drop to $1,200 or even towards $1,150.<\/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 just below the 50 level.<\/p>\nMajor Support Level \u2013 $1,260<\/p>\nMajor Resistance Level \u2013 $1,320<\/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-8958","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\/8958","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=8958"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8958\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8958"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.png\"){kind=link}