Investor Nigeria
  • Home
  • Business
  • Crytocurrency
  • Investment
  • Politics
  • Energy
  • Science
  • Tech
Investor Nigeria
  • Home
  • Business
  • Crytocurrency
  • Investment
  • Politics
  • Energy
  • Science
  • Tech
No Result
View All Result
Investor Nigeria
No Result
View All Result

Ethereum (ETH) Faces Rejection, Why ETH May Revisit $3K

admin by admin
August 17, 2021
in Crytocurrency
0
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Ethereum failed as soon as once more to clear the $3,330 resistance towards the US Greenback. ETH worth is now at a threat of extra losses beneath the $3,120 assist zone.

  • Ethereum failed on two events to clear the $3,330 resistance zone.
  • The worth is now buying and selling beneath $3,200 and the 100 hourly easy transferring common.
  • There was a break beneath a key bullish development line with assist close to $3,200 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair might proceed to maneuver down so long as it’s beneath the $3,250 resistance.

Ethereum Worth Faces Key Resistance

Ethereum made one other to clear the $3,330 resistance, just like bitcoin at $48k. Nonetheless, ETH worth failed to realize power and struggled to clear the $3,330 resistance zone.

A excessive was shaped close to $3,336 and the value began a contemporary decline. There was a break beneath the $3,250 assist stage. There was additionally a break beneath a key bullish development line with assist close to $3,200 on the hourly chart of ETH/USD.

Ether worth settled beneath $3,200 and the 100 hourly easy transferring common. The worth retested the $3,120 assist zone, the place the bulls took a stand. A low is shaped close to $3,120 and the value is now making an attempt an upside correction.

There was a break above the $3,150 stage. The worth recovered above the 23.6% Fib retracement stage of the current decline from the $3,336 excessive to $3,120 low.

On the upside, an preliminary resistance is close to the $3,200 stage and the 100 hourly easy transferring common. The important thing resistance is now forming close to the $3,240 stage. It’s close to the 50% Fib retracement stage of the current decline from the $3,336 excessive to $3,120 low.

Supply: ETHUSD on TradingView.com

A transparent break and shut above the $3,240 and $3,250 resistance ranges would possibly begin a contemporary enhance. The following key resistance is likely to be close to the $3,300 stage, above which the value would possibly try break above $3,330.

Extra Losses in ETH?

If ethereum fails to proceed larger above the $3,240 and $3,250 resistance ranges, it might prolong its draw back correction. A right away assist on the draw back is close to the $3,140 stage.

The primary key assist is close to the $3,120 stage. A draw back break beneath the $3,120 assist zone might spark a pointy decline. The following main assist might be $3,000.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly shedding tempo within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now beneath the 50 stage.

Main Assist Degree – $3,120

Main Resistance Degree – $3,250

Previous Post

Probe Finds Tennessee Vaccine Official Bought Canine Muzzle She Claimed Somebody Else Had Mailed to ‘Ship a Message’

Next Post

Alibaba launches NFT market for copyright buying and selling

Next Post

Alibaba launches NFT market for copyright buying and selling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Category

  • Business
  • Crytocurrency
  • Energy
  • Investment
  • Politics
  • Science
  • Tech

Advertise

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis. Learn more

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Follow Us

Recent News

Subscribe – Businessday NG

March 26, 2022

Subscribe – Businessday NG

March 26, 2022
  • About Us
  • Contact
  • EULA Policy
  • Privacy Policy
  • Terms and Conditons
  • Disclaimer

© 2021 Investor Nigeria - All rights reserved by Investor Nigeria.

No Result
View All Result
  • Home
  • Business
  • Crytocurrency
  • Investment
  • Politics
  • Energy
  • Science
  • Tech

© 2021 Investor Nigeria - All rights reserved by Investor Nigeria.