Ethereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.<\/p>\n
Ethereum started a fresh decline 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 is a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $1,300 pivot level.<\/p>\n
Ethereum Price Dips Below Key Support<\/p>\n
Ethereum struggled to recover above the $1,340 and $1,350 resistance levels<\/a>. ETH started a fresh decline and traded below the $1,300 support zone.<\/p>\n There was a move below the $1,280 support level and the price settled below the 100 hourly simple moving average<\/a>. Ether price traded as low as $1,270 and is currently consolidating losses. An immediate resistance on the upside is near the $1,280 level.<\/p>\n The first major resistance is near the $1,285 level. There is also a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.<\/p>\n If there is an upside break above the trend line, ethereum price might rise towards the $1,300 resistance. It is near the 50% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.<\/p>\n <\/a><\/p>\n Source: ETHUSD on TradingView.com<\/a><\/p>\n A clear break above $1,300 could send the price further higher. The next major resistance could be near the $1,320 level and the 100 hourly simple moving average, above which the price could revisit $1,350.<\/p>\n More Losses 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 $1,280 level.<\/p>\n The next major support is near the $1,255 level. A downside break below the $1,255 might increase selling pressure. In the stated case, ether price may perhaps decline towards the $1,200 level. Any more losses might send the price towards $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 to the 50 level.<\/p>\n Major Support Level \u2013 $1,255<\/p>\n Major Resistance Level \u2013 $1,320<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ethereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.<\/p>\n Ethereum started a fresh decline below the $1,350 and $1,320 support levels. Ethereum Price Dips Below Key Support<\/p>\n Ethereum struggled to recover above the $1,340 and $1,350 resistance levels<\/a>. ETH started a fresh decline and traded below the $1,300 support zone.<\/p>\n There was a move below the $1,280 support level and the price settled below the 100 hourly simple moving average<\/a>. Ether price traded as low as $1,270 and is currently consolidating losses. An immediate resistance on the upside is near the $1,280 level.<\/p>\n The first major resistance is near the $1,285 level. There is also a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.<\/p>\n If there is an upside break above the trend line, ethereum price might rise towards the $1,300 resistance. It is near the 50% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.<\/p>\n
\nThe price is now trading below $1,300 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $1,300 pivot level.<\/p>\n
![<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,300 could send the price further higher. The next major resistance could be near the $1,320 level and the 100 hourly simple moving average, above which the price could revisit $1,350.<\/p>\nMore Losses 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 $1,280 level.<\/p>\nThe next major support is near the $1,255 level. A downside break below the $1,255 might increase selling pressure. In the stated case, ether price may perhaps decline towards the $1,200 level. Any more losses might send the price towards $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 to the 50 level.<\/p>\nMajor Support Level \u2013 $1,255<\/p>\nMajor Resistance Level \u2013 $1,320<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nEthereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.<\/p>\nEthereum started a fresh decline 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 is a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH\/USD (data feed via Kraken).\nThe pair could continue to move down if it stays below the $1,300 pivot level.<\/p>\nEthereum Price Dips Below Key Support<\/p>\nEthereum struggled to recover above the $1,340 and $1,350 resistance levels<\/a>. ETH started a fresh decline and traded below the $1,300 support zone.<\/p>\nThere was a move below the $1,280 support level and the price settled below the 100 hourly simple moving average<\/a>. Ether price traded as low as $1,270 and is currently consolidating losses. An immediate resistance on the upside is near the $1,280 level.<\/p>\nThe first major resistance is near the $1,285 level. There is also a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH\/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.<\/p>\nIf there is an upside break above the trend line, ethereum price might rise towards the $1,300 resistance. It is near the 50% Fib retracement level of the recent decline from the $1,337 swing high to $1,276 low.<\/p>\n<\/a><\/p>\nSource: ETHUSD on TradingView.com<\/a><\/p>\nA clear break above $1,300 could send the price further higher. The next major resistance could be near the $1,320 level and the 100 hourly simple moving average, above which the price could revisit $1,350.<\/p>\nMore Losses 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 $1,280 level.<\/p>\nThe next major support is near the $1,255 level. A downside break below the $1,255 might increase selling pressure. In the stated case, ether price may perhaps decline towards the $1,200 level. Any more losses might send the price towards $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 to the 50 level.<\/p>\nMajor Support Level \u2013 $1,255<\/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-9492","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\/9492","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=9492"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9492\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9492"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ethereum-8.png\"){kind=link}