您现在的位置是:Ethereum price corrects below $1,600 >>正文
Ethereum price corrects below $1,600
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛23953人已围观
简介ETH/USD might turn negative and retest prices near $1,300 if bears break below $1,500Ethereum (ETH) ...
![3D image showing Ethereum symbol](https://coinjournal.net/wp-content/uploads/2021/03/01_3D-image-showing-Ethereum-symbol.jpg)
ETH/USD might turn negative and retest prices near $1,300 if bears break below $1,500
Ethereum (ETH) has corrected 6% in the past 24 hours and is currently over 13% in the red as compared to the past week. This comes after sellers continued to exert downward pressure following rejection at $1,869.
The technical perspective for ETH/USD shows that the price of the second largest cryptocurrency is delicately poised above the major support zone at $1,560.
As of writing, ETH/USD is trading around $1,584.
Ethereum price outlook
![](https://coinjournal.net/wp-content/uploads/2021/03/01_ETH_USD-daily-chart.jpg)
Ethereum saw a fresh decline from $1,800 and broke below the critical support of the 100 SMA at $1,718. Bears continued to prevail below $1,600 and a key ascending trend line, with ETH touching lows of $1,520.
Bulls have tried to recover above $1,600 but to no avail. Bitcoin’s dip towards $52,000 despite the Tesla news has not helped. A broader sell-off in the market could thus contribute to Ethereum’s losses to the $1,500 level.
The daily MACD is increasing within the bearish zone, while the daily RSI trends with a negative divergence below the midpoint. The indicator currently ticks 41 to suggest bears have the upper hand.
This technical outlook for ETH suggests bears might yet push prices past intraday lows of $1,520, with the horizontal line at $1,420 the primary support zone. Any more losses could see Ethereum’s price dip to $1,300 and then to recent lows of $1,290.
![](https://coinjournal.net/wp-content/uploads/2021/03/01_ETH_USD-hourly-chart.jpg)
The hourly MACD shows a decreasing momentum within the bearish zone, but the RSI below 40 suggests bears are still in command. If the downward pressure holds, ETH/USD might break below a bullish trend line formed on the hourly chart and continue to the aforementioned lows of $1,520 or lower.
On the contrary, bulls could rebound above the critical $1,600 level and retest overhead resistance near $1,700.
ETH/USD has a high formed near the 0.236 Fib level ($1,594) after bouncing off support at $1,550. Buyers are likely to target the 100 hourly simple moving average at $1,618, above which they could break to the 0.5 Fib level ($1,643) of the swing from $1,737 to $1,550.
Such a scenario will allow for new buy orders to ride on the upside momentum towards $1,700. In this case, ETH/USD could rally above $1,800 and target fresh highs above $2k.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/777469.html
相关文章
Canada clarifies guidelines for stablecoins trading
Ethereum price corrects below $1,600Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on excha...
阅读更多
UFO Gaming introduces staking dApp on Polygon
Ethereum price corrects below $1,600Digital gaming platform UFO Gaming is throwing a Metaverse Launch Party to celebrate the introductio...
阅读更多
Tokens that are the biggest gainers of April 19: SANSHU, CPOS and GXT
Ethereum price corrects below $1,600Sanji Inu’s trading volume increased by 634% in the last 24 hours, and its value increased by...
阅读更多
热门文章
- Central Banks Should Have CBDCs Ready If Libra Fails
- Audius Protocol lost $1 million to a governance attack
- US Sanctions And Arrests International Crypto Hackers
- An objective review of Komodo Platform
- Miners earned $166 million from fees on Ethereum throughout September 2020
- Polygon’s MATIC remains trapped by resistance but is the price bearish?
最新文章
Top 3 coins to help you unlock the long
ApeCoin growth slowing down; best places to buy ApeCoin
ATOM is locked in an ascending triangle
NEAR rallies by more than 25% today
Embattled crypto lender Celsius wants to start repaying customers by year
Gemini to halt services in the Netherlands due to regulatory challenges