Ethereum $13 on Coinbase today: ETH Price analysis

Ethereum price went down to around $13 earlier today on coinbase on the ETH/USDC pairing. At around 05:00 UTC, ethereum price crashed up to $13 on Coinbase, one of the largest exchanges in the world. Ethereum has been experiencing a downfall from the mid of the year when it was trading above $800 to today when it is trading around $100.

ETH USDC Coinbase Price Chart
ETH USDC Coinbase Price Chart

Ethereum Price Analysis

Support Levels: $100, $95

Resistance Level: $105

  • Ethereum price seems to be moving towards double digits while testing the key support at $100
  • A major bear trend line is set at a resistance near $105.
  • If the selling pressure remains high, Ethereum will likely fall below $100 range today.


 

As predicted yesterday, Ethereum is testing the $100 support. Once the support of $100 is broken, the next support lies at $95 and the price can ever fall below this range in short term.

In the 1 hour chart, a major bear trend line is set at resistance near $105 which shall lead to a significant downfall in the price of ethereum. With a massive pressure, Ethereum will likely fall below $100 and is set for further losses.

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