Der Preis von Ethereum sinkt weiter und könnte die Marke von 1.825 US-Dollar erreichen
Ethereum Price Drops Below $1,900 Amid Bearish Signs
The price of Ethereum continues to decline, falling below the $1,900 mark. This indicates bearish signs and it is expected that the price will continue to drop towards $1,825.
In recent days, Ethereum has continued its downward trend, testing the $1,875 mark. The price is now below $1,930 and the 100-hour Simple Moving Average. On the ETH/USD hourly chart, a connecting bearish trendline is forming with a resistance level near $1,910. To halt the decline, the price would need to surpass the resistance levels of $1,910 and $1,940.
Despite an attempt to break above the $1,950 resistance, Ethereum struggled to gain strength. It formed a high at $1,943 before moving downwards again. The $1,900 support zone was broken, with a new weekly low formed at $1,875. The price is now attempting to rise again and has broken through the $1,890 and $1,900 levels.
Currently, Ethereum is trading below $1,930 and the 100-hour Simple Moving Average. The immediate resistance is near the $1,910 mark, where the bearish trendline is also located. The trendline is close to the 61.8% Fib retracement level of the recent decline.
To extend the losses, Ethereum would need to overcome the $1,910 resistance. The next support below lies near the $1,890 mark, followed by strong support at $1,875. Further losses could drive the price towards the $1,825 support level.
Technical indicators indicate that the price remains bearish. The hourly MACD shows a loss of momentum in the bearish zone, and the RSI is below 50.
Overall, it appears that Ethereum could continue its decline. To reduce the losses, the price would need to rise above the $1,910 resistance. Otherwise, further losses could push the price towards $1,825.
