{"id":7260,"date":"2022-08-24T05:31:51","date_gmt":"2022-08-24T05:31:51","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/24\/ethereum-remains-vulnerable-to-print-new-low-below-1500\/"},"modified":"2022-08-24T05:31:51","modified_gmt":"2022-08-24T05:31:51","slug":"ethereum-remains-vulnerable-to-print-new-low-below-1500","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/24\/ethereum-remains-vulnerable-to-print-new-low-below-1500\/","title":{"rendered":"Ethereum Remains Vulnerable To Print New Low Below $1,500"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum is struggling to clear the $1,650 resistance towards the US Dollar. ETH stays at a danger of extra downsides beneath the $1,500 help.<\/em><\/p>\n<ul>\n<li>Ethereum tried to clear the $1,650 resistance however failed.<\/li>\n<li>The worth is now buying and selling beneath $1,630 and the 100 hourly easy shifting common.<\/li>\n<li>There is a key rising channel forming with help close to $1,605 on the hourly chart of ETH\/USD (information feed through Kraken).<\/li>\n<li>The pair may proceed to maneuver down if there&#8217;s a clear transfer beneath the $1,545 help zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Turns Red<\/h2>\n<p>Ethereum began a minor <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-could-recover-to-1800\/\" target=\"_blank\" rel=\"noopener\">upside correction<\/a> from the $1,520 help zone. ETH climbed above the $1,550 and $1,600 ranges.<\/p>\n<p>The worth even climbed above the $1,640 degree and the 100 hourly easy shifting common. There was a break above the 23.6% Fib retracement degree of the important thing decline from the $1,880 swing excessive to $1,524 low. However, the bears have been energetic above the $1,650 degree.<\/p>\n<p>There was no upside continuation above the $1,680 degree. Ether worth is now buying and selling beneath $1,630 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-bears-aim-big-1600\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. It can also be testing the $1,600 help zone.<\/p>\n<p>Besides, there&#8217;s a key rising channel forming with help close to $1,605 on the hourly chart of ETH\/USD. An quick resistance on the upside is close to the $1,630 degree. The first main resistance is now forming close to the $1,650 degree.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-499781\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16.png\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Ethereum-16-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener\">ETHUSD on TradingView.com<\/a><\/pre>\n<p>A transparent transfer above the $1,650 degree may ship the worth in the direction of the $1,700 resistance zone. It is close to the 50% Fib retracement degree of the important thing decline from the $1,880 swing excessive to $1,524 low. The subsequent main resistance is close to the $1,740 degree, above which the worth may rise and check the $1,800 resistance.<\/p>\n<h2>Fresh Drop in ETH?<\/h2>\n<p>If ethereum fails to rise above the $1,650 resistance, it may proceed to maneuver down. An preliminary help on the draw back is close to the $1,600 zone and the channel pattern line.<\/p>\n<p>The subsequent main help is close to $1,545, beneath which ether worth would possibly speed up decrease. In the acknowledged case, the worth could maybe decline in the direction of the $1,500 degree. Any extra losses could maybe open the doorways for a transfer in the direction of the $1,450 degree.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum within the bearish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now beneath the 50 degree.<\/p>\n<p>Major Support Level \u2013 $1,545<\/p>\n<p>Major Resistance Level \u2013 $1,650<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-remains-vulnerable-below-1600\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum is struggling to clear the $1,650 resistance towards the US Dollar. ETH stays at a danger of extra downsides beneath the $1,500 help. Ethereum tried to clear the $1,650 resistance however failed. The worth is now buying and selling beneath $1,630 and the 100 hourly easy shifting common. There is a key rising 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