The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Analysis

Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $2.2K

by Miki 07/19/2021
by Miki 07/19/2021 0 comment

Ethereum is attempting a decent recovery wave above $2,100 against the US Dollar. ETH price could gain momentum if it settles above the $2,200 resistance zone.

  • Ethereum is slowly moving higher above the $2,100 resistance zone.
  • The price is now trading near the $2,150 resistance and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $2,100 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must settle above $2,180 and $2,200 to start a steady increase in the near term.

Ethereum Price Is Facing Hurdles

There was a fresh decline in ethereum below the $2,120 support zone. However, ETH remained well bid above the $2,050 support zone. A low is formed near $2,050 before the price started a fresh increase, similar to bitcoin.

The price recovered above the $2,100 and $2,120 resistance levels. Ether even climbed above the 23.6% Fib retracement level of the key decline from the $2,405 swing high to $2,049 low. it is now trading near the $2,150 resistance and the 100 hourly simple moving average.

The first key resistance is near the $2,200 level. The next major resistance is near the $2,220 level. It is near the 50% Fib retracement level of the key decline from the $2,405 swing high to $2,049 low.

Ethereum Price

Source: ETHUSD on TradingView.com

A proper close above the $2,200 and $2,220 resistance levels could set the pace for a decent increase. The next major resistance above $2,220 could be near the $2,300 level. Any more gains could set the pace for a move towards the $2,450 level in the near term.

Fresh Decline in ETH?

If Ethereum fails to climb above the $2,200 resistance zone, it could start a fresh decline. An initial support on the downside is near the $2,100 level.

The first major support is near the $2,050 level. The next major support is near the $2,000 level. If ether bulls fail to defend the $2,050 and $2,000 support levels, there are chances of a sharp decline. The next stop for the bears may possibly be near the $1,850 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now slowly losing pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is still above the 50 level.

Major Support Level – $2,050

Major Resistance Level – $2,200

Source link

Views: 1
22KBiasContinuesEthereumStruggleTopsideVulnerable
Share
0
FacebookTwitterPinterestEmail
previous post
Ethereum DeFi Ecosystem Has Hit 3 Million Users
next post
BTC Recovery To $40,000 Needs A Catalyst, But Another Dip Is Probable

Related Posts

Bitcoin is Struggling, But It’s Too Early to...

12/29/2021

Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

12/29/2021

Ethereum Recovery Could Soon Fade If ETH Fails...

12/28/2021

Charles Hoskinson Shares Cardano Plans for 2022

12/28/2021

Bitcoin Prints Bullish Pattern, Why BTC Could Surge...

12/27/2021

Ethereum Breaks Key Hurdle, Why There Could Be...

12/26/2021

Could Bitcoin Benefit From A Santa Claus Rally?

12/25/2021

$8.2M Lost as Visor Finance Suffers Latest DeFi...

12/25/2021

Bitcoin Gains Momentum, Why Rally Isn’t Over Yet

12/24/2021

2021 in Review: the Top 10 Crypto Moments...

12/24/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Ethereum, Solana, Fantom Price Analysis: 25 December

  • Hydropower Plants Up For Sale As Crypto Miners Rush to Leave China

  • Billionaires Peter Thiel and Alan Howard again new $10bn crypto trade

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,105.00-2.10%
  • ethereumEthereum(ETH)$1,770.13-8.71%
  • tetherTether(USDT)$1.00-0.08%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • binancecoinBNB(BNB)$302.79-7.74%
  • rippleXRP(XRP)$0.397365-2.31%
  • Binance USDBinance USD(BUSD)$1.000.54%
  • cardanoCardano(ADA)$0.467814-8.76%
  • SolanaSolana(SOL)$42.93-10.57%
  • dogecoinDogecoin(DOGE)$0.078461-6.25%
  • polkadotPolkadot(DOT)$9.03-8.27%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,088.00-2.08%
  • tronTRON(TRX)$0.080455-5.18%
  • Lido Staked EtherLido Staked Ether(STETH)$1,733.99-8.55%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.10%
  • AvalancheAvalanche(AVAX)$23.02-16.19%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • Shiba InuShiba Inu(SHIB)$0.000011-9.42%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.85-1.13%
  • litecoinLitecoin(LTC)$62.91-7.33%
  • CronosCronos(CRO)$0.169101-8.38%
  • HederaHedera(HBAR)$0.389473-3.44%
  • matic-networkPolygon(MATIC)$0.59-9.60%
  • FTX TokenFTX Token(FTT)$27.24-5.59%
  • RareRare(RARE)$0.0461220.00%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.12-10.87%
  • bitcoin-cashBitcoin Cash(BCH)$181.23-4.64%
  • moneroMonero(XMR)$185.33-7.33%