Der Preis von Ethereum sinkt weiter und könnte die Marke von 1.825 US-Dollar erreichen

Ethereum 1.603,59 EUR -0,98% Price Drops Below $1,900 Amid Bearish Signs

The price of Ethereum 1.603,59 EUR -0,98% 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 1.603,59 EUR -0,98% 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 1.603,59 EUR -0,98% 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 1.603,59 EUR -0,98% 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 1.603,59 EUR -0,98% 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 1.603,59 EUR -0,98% 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.