Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

Home / Ethereum / Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4).

  • ETH price is trading well above the $360 and $375 resistance levels against the US Dollar.
  • The price traded to a new weekly high at $395 and it is above the 100 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher above $400 as long as it is above the 100 SMA (H4).
  • This past week, Ethereum remained in a positive zone above the $360 resistance against the US Dollar. ETH price even managed to surpass the $380 resistance zone to move further into a positive zone.

    Ether price traded to a new weekly high at $395 and it is now well above the 100 simple moving average (4-hours). The price is currently correcting lower and trading below the $385 level. There was a break below the 23.6% Fib retracement level of the upward move from the $353 low to $395 high.

    On the downside, the first major support is near the $376 level and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD.

    Ethereum

    Ethereum price trades above $380. Source: TradingView.com

    The trend line support coincides with the 50% Fib retracement level of the upward move from the $353 low to $395 high. On the upside, the price is facing hurdles near the $395 and $400 levels. A successful close above the $400 resistance zone is needed for a fresh rally towards the $420 level or $425.

    If Ethereum fails to clear the $400 resistance zone, it might continue to move down. An initial support is near the $375 zone or the 100 simple moving average (4-hours).

    If there is a downside break below the trend line support and the 100 SMA, there is a risk of a larger decline towards the $355 and $350 support levels in the near term.

    Technical Indicators

    4 hours MACD – The MACD for ETH/USD is losing pace in the bullish zone.

    4 hours RSI – The RSI for ETH/USD is still above the 50 level.

    Major Support Level – $375

    Major Resistance Level – $400

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    Uniswap’s token UNI has been seeing massive inflows of capital throughout the past few days …

    Source: icryptodesk.com

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    Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

    Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

    Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4).

  • ETH price is trading well above the $360 and $375 resistance levels against the US Dollar.
  • The price traded to a new weekly high at $395 and it is above the 100 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher above $400 as long as it is above the 100 SMA (H4).
  • This past week, Ethereum remained in a positive zone above the $360 resistance against the US Dollar. ETH price even managed to surpass the $380 resistance zone to move further into a positive zone.

    Ether price traded to a new weekly high at $395 and it is now well above the 100 simple moving average (4-hours). The price is currently correcting lower and trading below the $385 level. There was a break below the 23.6% Fib retracement level of the upward move from the $353 low to $395 high.

    On the downside, the first major support is near the $376 level and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD.

    Ethereum

    Ethereum price trades above $380. Source: TradingView.com

    The trend line support coincides with the 50% Fib retracement level of the upward move from the $353 low to $395 high. On the upside, the price is facing hurdles near the $395 and $400 levels. A successful close above the $400 resistance zone is needed for a fresh rally towards the $420 level or $425.

    If Ethereum fails to clear the $400 resistance zone, it might continue to move down. An initial support is near the $375 zone or the 100 simple moving average (4-hours).

    If there is a downside break below the trend line support and the 100 SMA, there is a risk of a larger decline towards the $355 and $350 support levels in the near term.

    Technical Indicators

    4 hours MACD – The MACD for ETH/USD is losing pace in the bullish zone.

    4 hours RSI – The RSI for ETH/USD is still above the 50 level.

    Major Support Level – $375

    Major Resistance Level – $400

    Aayush Jindal

    Source: www.newsbtc.com

    Author: Aayush Jindal


    Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

    Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

    Ethereum recuperated above the $380 and $385 resistance levels versus the United States Dollar. ETH cost is having a hard time to clear the $400 resistance, however it is holding the secret 100 SMA (H4).

    This previous week, Ethereum stayed in a favorable zone above the $360 resistance versus the United States Dollar. ETH cost even handled to go beyond the $380 resistance zone to move even more into a favorable zone.

    Ether cost traded to a brand-new weekly high at $395 and it is now well above the 100 basic moving typical (4-hours). The cost is presently remedying lower and trading listed below the $385 level. There was a break listed below the 23.6% Fib retracement level of the upward relocation from the $353 low to $395 high.

    On the disadvantage, the very first significant assistance is near the $376 level and the 100 basic moving typical (4-hours). There is likewise a crucial bullish pattern line forming with assistance near $374 on the 4-hours chart of ETH/USD.

    Ethereum cost trades above $380. Source: TradingView.com

    The pattern line assistance accompanies the 50% Fib retracement level of the upward relocation from the $353 low to $395 high. On the benefit, the cost is dealing with difficulties near the $395 and $400 levels. An effective close above the $400 resistance zone is required for a fresh rally towards the $420 level or $425.

    If Ethereum stops working to clear the $400 resistance zone, it may continue to move down. A preliminary assistance is near the $375 zone or the 100 basic moving typical (4-hours).

    What cryptocurrency will become the main one in a year?
    BitcoinEthereum

    If there is a disadvantage break listed below the pattern line assistance and the 100 SMA, there is a danger of a bigger decrease towards the $355 and $350 assistance levels in the near term.

    Technical Indicators

    4 hours MACD – The MACD for ETH/USD is losing rate in the bullish zone.

    4 hours RSI – The RSI for ETH/USD is still above the 50 level.

    Major Support Level – $375

    Major Resistance Level – $400

    Source: dailyresearchcorrespondent.com


    DeFi, celebrities charged and Kiss: Bad crypto news of the week

    DeFi, celebrities charged and Kiss: Bad crypto news of the week

    defi,-celebrities-charged-and-kiss:-bad-crypto-news-of-the-week

    Check out this week’s Bad Crypto podcast.

    So Bitcoin appears to end this week within tickling distance of $11,000. Experts suggest that the next test of upper level support will be at $11,100 before a move to $12,100. Statistician Willy Woo is optimistic. He thinks there’s little chance of a “catastrophic” dump.

    Some Bitcoin though, can’t be dumped. More than a billion dollars’ worth of Bitcoin has now been tokenized to access DeFi protocols on the Ethereum network. That’s almost 100,000 Bitcoins and more than 12 percent of DeFi’s combined capitalization.

    Those tokens have been having a difficult time lately. Almost all DeFi assets posted a loss recently, with some dropping as much as 50 percent. The market has now rebounded, rising by 19 percent in a single day.

    But if you want to know where the market’s going—at least the Ethereum market—you might want to check the Polkadot price movements. Analysts have noticed that DOT’s price movements anticipate Ether’s by between fifteen minutes and four hours.

    Those movements can help speculators make a lot of money but a Universal Basic Income can ensure that everyone has enough money. That’s what eToro is trying to create with its GoodDollar. The coin lets anyone claim a digital currency that they can convert to fiat.

    But of course, coins and tokens aren’t just for spending. Russian pop singer Oleg Kenzov has demonstrated another real-world use for a blockchain by using the technology to transfer the digital rights for one of his songs.

    Not every musician has been using blockchain technology properly though. The SEC has charged Rapper T.I. with promoting a fraudulent cryptocurrency offering. Brock Pierce was served legal documents for securities fraud as part of an action against Block.one. Pierce was taking part in his presidential campaign rally at the time. But Chef Nomi has returned $14 million of ETH to SushiSwap’s development fund. He had taken the funds from a $27 million kitty after giving control of the project to FTX exchange CEO, Sam Bankman-Fried.

    Gene Simmons, lead singer of Kiss, has indicated that he’s working to make cryptocurrency more accessible. The glam rocker was replying to a long tweet thread from Cameron Winklevoss arguing that it must be easier for people to get hold of Ethereum and Bitcoin. “I will. I am,” was Simmons’s response.

    Apple, though, is doing its bit to make things harder. Brian Armstrong, CEO of Coinbase, says that the tech company is preventing blockchain firms from letting iOS apps earn money using cryptocurrency and gain access to DeFi apps.

    But even if you can’t earn crypto on your iPhone, you can enjoy the rewards of crypto trading. Aviatrade, an aircraft seller, is offering a private jet. The Gulfstream G650ER, a model favored by Jeff Bezos and Elon Musk, is available for $40 million worth of Bitcoin.

    We also chatted with Pascal Lauria, CEO of CoinAnalyst an AI-based Big Data information and analysis platform for all cryptocurrencies and STOs/ICOs worldwide that enables any trader in the crypto asset sector and other industries to access a dashboard which monitors and analyses sentiment, trends, patterns, weak signals in real-time from the crypto and STO/ICO market.

    The sooner BTC bursts that $11,000 ceiling the better.

    Check out the audio version here: 

    Joel Comm is an internet pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast. That’s a fancy way of saying he writes words, says things and loves to play with cryptos.

    The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

    The post DeFi, celebrities charged and Kiss: Bad crypto news of the week appeared first on BTC Ethereum Crypto Currency Blog.

    Source: cryptomoneyteam.co

    Author: By TeamMMG


    Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break


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