empty
 
 
23.09.2022 05:39 PM
Ethereum: downside continuation below 1,218

Ethereum was located at 1,303 at the time of writing. It has changed little in the short term but the bias remains bearish. Technically, the altcoin is at crossroads, it has reached a strong demand zone.

In the last 24 hours, ETH/USD is up by 2.40% but it's down by 10.36% in the last 7 days. As you already know, the price of Bitcoin remains bearish, a deeper drop could force Ethereum to approach and print new lows as well.

ETH/USD Confirmed Its Breakdown!

This image is no longer relevant

Technically, ETH/USD dropped below the uptrend line signaling more declines. It has tested and retested the broken uptrend line but the 1,255 - 1,281 historical levels represent downside obstacles.

As you can see on the H4 chart, it has failed to stabilize below these obstacles. Now, it has retested the downtrend line which represents a dynamic resistance. As long as it stays under the downtrend line, ETH/USD could extend its sell-off.

ETH/USD Forecast!

ETH/USD could resume its sell-off after making a valid breakdown below the 1,218 former low. This scenario brings potential short opportunities.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget