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Altcoin — Ethereum — Opinion — Blockchain — ETHUSD

Ethereum Price Analysis: ETH/USD faces hazardous bear attack.

,   and  Janet F. Sanchez
Ethereum price is exchanging with go moves. ETH/USD could test the $210-215 resistance zone where venders are probably going
Ethereum price is exchanging with go moves. ETH/USD could test the $210-215 resistance zone where venders are probably going to develop.

Ethereum Price Key Features

  • Ethereum price declined vigorously and broke the $260, $250 and $240 support levels against the US Dollar.
  • The current week’s taken after urgent bearish pattern line played well with resistance close $284 on the hourly outline of ETH/USD (information feed through Kraken).
  • The pair exchanged near the $200 level and it is at present redressing higher.

Ethereum price is under a great deal of offering weight against the US Dollar and bitcoin. ETH/USD may keep on sliding towards the $200 level in the close term.

Ethereum Price Decrease

There was yet another inability to break the $288-290 resistance zone in Ethereum price against the US Dollar. The ETH/USD match responded and declined strongly from the $288 swing high. The price tumbled and broke the $260, $250 and $240 support levels. The decrease was extremely forceful as ethereum price even exchanged underneath the $225 level. Merchants pushed the price near the $200 level and another month to month low was framed at $209.

It appears as though the current week’s taken after critical bearish pattern line played well with resistance close $284 on the hourly graph of ETH/USD. The match is as of now endeavoring a recuperation from the $209 low, yet it faces numerous obstacles on the upside. It is right now testing the 23.6% Lie retracement level of the last drop from the $291 high to $209 low. There is additionally a noteworthy bearish pattern line on a similar diagram with resistance at $235. Over this, Ethereum price could test the half Lie retracement level of the last drop from the $291 high to $209 low at $250.

ETHUSD Price Chart 6 September
ETHUSD Price Chart 6 September

Taking a gander at the graph, Ethereum price is plainly under a considerable measure of weight underneath $240 and the 100 hourly basic moving normal. It might recuperate for the time being, yet it is probably going to confront merchants close $235 or $250.

Hourly MACD – The MACD is gradually diminishing its bearish incline.

Hourly RSI – The RSI is as of now well underneath the 30 level.

Significant Support Level – $200

Real Resistance Level – $235

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