Prediction of Ethereum prices: Ether Signaling More Losses



10 September 2018 15:14

Ether's price is moving in a narrow range against the US dollar and bitcoin. The ETH / USD is struggling to recover and could fall further towards $ 185.00 or $ 180.00.

Key Points

Ether price correction was limited by the resistance of $ 208.00 to 2.1000 against the US dollar.

resistance to $ 200.00 on the 2-hour chart of the Eth / USD

ETH / BTC is consolidating losses above the 0.0300BTC support.

Technically, the 2-hour chart indicators are slipping back into bearish territory. [19659008] Analysis of the prices of the ether

During the last three sessions, there was a minor correction in the ETH / USD above the $ 200.00 level. However, the pair failed to break the resistance zone by $ 208.00-210.00 and lowered below $ 200.00.

ETH / BTC has a 0.0300BTC support level and trades in a narrow range. On the positive side, the pair is facing obstacles near the 0.0315BTC and 0.0320BTC levels.

  ETH Price Analysis

Starting with the 30-minute ETH / USD table, the pair rose higher from the $ 185.11 minimum and moved above $ 190.00 and $ 200.00 resistance levels. However, Ether buyers failed to push the price above $ 210.00 and the price formed the intraday at $ 208.37.

Next, there was a new bearish move and the price broke the $ 200.00 support area and the Fibonacci retracement level of 50% of the last recovery from the minimum of $ 185.11 to $ 208.37 high. More importantly, there was a break under a short-term uptrend line with support for $ 196.00.

On the downside, the next major support is close to $ 190.00, below which the price could retest the last low swing to $ 185.11. Ether retrieves a bearish trendline on the same chart, with a current resistance of $ 197.00.

  Chart of Ethereum Price Analysis

However, the most important obstacle for buyers is close to a bearish trend line, with a resistance of $ 200.00 on the 2-hour chart of ETH / USD. A successful daily closing above the trend line could increase the chances of further recoveries towards $ 215.00 and $ 240.00.

In contrast, a downward break below $ 190.00 will most likely cancel the path for a new annual minimum of less than $ 185.11 in the short term.

Important Strength Levels

$ 200.00 and $ 210.00

Important Support Levels

$ 190.00 and $ 185.00

2 Hour RSI

L & # 39; RSI moves to level 25.

MACD of 2 hours [19659019] The MACD is gaining momentum in the bearish zone.

Aayush spent over seven years as a contributor and observer of the financial markets. He specialized in market strategies and technical analysis. It strives to provide entertaining and informative analyzes on the currency and commodity markets. He is a software engineer by profession and loves blogs.

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