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Is ETH reaching $53? Ethereum Price analysis 18 Sep

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Ethereum Price Key Features

  • Ethereum price is under a great deal of weight after it broke the $210 support against the US Dollar.
  • There was a break beneath a noteworthy contracting triangle with support at $210 on the hourly outline of ETH/USD (information feed through Kraken).
  • The pair is under a great deal of weight and it could keep on declining towards the $180 level.

Ethereum price declined as of late against the US Dollar and bitcoin. ETH/USD may maybe keep on declining towards the $180 level in the close term.

Ethereum Price Decrease

Subsequent to flopping close to the $225 level, Ethereum price began a drawback move against the US Dollar. The ETH/USD pair declined advertisement exchanged underneath the $210 and $200 support levels. There was likewise a nearby beneath the $200 level and the 100 hourly basic moving normal. In addition, there was a break beneath the half Lie retracement level of the last wave from the $166 low to $227 high.

All the more critically, there was a break beneath a noteworthy contracting triangle with support at $210 on the hourly graph of ETH/USD. The pair declined towards the $190 level and discovered support close $192. On the drawback, the following support is close to the 61.8% Lie retracement level of the last wave from the $166 low to $227 high. A drawback break underneath the $192 level could open the entryways for more misfortunes. The most critical support is close $180, which is near the 76.4% Lie retracement level of the last wave from the $166 low to $227 high. In the event that Ethereum price remedies higher, it could discover resistance close to the $200 and $205 levels.

ETHUSD Price Chart 18 September
ETHUSD Price Chart 18 September

Taking a gander at the graph, Ethereum price in a bearish zone and it could broaden decays towards $190, $185 and $180. Underneath this last, it could even exchange back towards the $166 level.

Hourly MACD – The MACD is moving in the bearish zone.

Hourly RSI – The RSI is as of now well beneath the 40 and 30 levels.

Significant Support Level – $180

Significant Resistance Level – $205

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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