Ethereum Price Analysis: ETH/USD bearish trend, 11 Sep.

10 months ago

Ethereum Price Key Features

  • Ethereum price is gradually recouping and is likely shaping a support close $185 against the US Dollar.
  • Yesterday’s featured key bearish pattern line was ruptured with resistance at $193 on the hourly diagram of ETH/USD (information feed by means of Kraken).
  • The pair is probably going to gradually move higher towards the $208 and $210 resistance levels in the close term.

Ethereum price is exchanging with go moves against the US Dollar and bitcoin. ETH/USD could test the $210-215 resistance zone where venders are probably going to develop.

Ethereum Price Support

Recently, there was a minor upside move from the $185 low in ETH price against the US Dollar. The ETH/USD pair exchanged over the $195 and $200 resistance levels to enter a union stage. The price likewise figured out how to move past the half Lie retracement level of the last decay from the $219 high to $185 low. Be that as it may, the upside move was topped by the $06-207 zone.

Besides, it appears as though Ethereum price neglected to pick up energy over the $206.71 technical level. It speaks to the 61.8% Lie retracement level of the last decay from the $219 high to $185 low. There was a sharp bearish response and ETH price retested the $185 support zone. Purchasers showed up, secured more misfortunes, lastly pushed Ethereum price higher above $190. All the more essentially, yesterday’s featured key bearish pattern line was broken with resistance at $193 on the hourly outline of ETH/USD. Subsequently, it appears as though Ethereum price could keep on moving higher towards the $208 and $210 resistance levels in the close term.

ETHUSD Price Chart 11 September

Taking a gander at the graph, ETH price is holding the $185 swing low and it might amend higher. Having said that, purchasers should be exceptionally cautious as any significant upsides are impossible over the $210 and $215 levels.

Hourly MACD – The MACD is somewhat put in the bullish zone.

Hourly RSI – The RSI has moved over the 50 level, however it giving a couple of bearish suggestions.

Real Support Level – $185

Real Resistance Level – $210

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