Ethereum Price Analysis: ETH/USD Could Drop To $200-220

2018-8-14 09:00

Key Highlights ETH price extended declines and dropped below the $260 support zone against the US Dollar. Yesterday’s highlighted crucial bearish trend line is intact with resistance at $305 on the hourly chart of ETH/USD (data feed via Kraken). The pair may well correct a few points higher towards $277-280, but it is likely to face sellers.

Ethereum price dropped significantly against the US Dollar and bitcoin. ETH/USD is likely to decline further below $250 in the near term.

Ethereum Price Decline

There was no recovery in ETH price above the $320 level against the US Dollar. The ETH/USD pair faced an increased selling pressure and declined below the $300 and $280 support levels. The decline was such that the price tumbled below the $260 support as well. A new monthly low was formed at $249 and the price is currently consolidating losses.

An initial resistance is the 23.6% Fib retracement level of the last drop from the $322 high to $249 low. However, any major upsides are likely to face a strong barrier near the $277-280 zone. More importantly, yesterday’s highlighted crucial bearish trend line is intact with resistance at $305 on the hourly chart of ETH/USD. An intermediate resistance is the 50% Fib retracement level of the last drop from the $322 high to $249 low is near $286. Therefore, if the price corrects higher, it is likely to face sellers near the $277, $280 and $286 levels.

Looking at the chart, ETH price is under a lot of selling pressure below $285 and the 100 hourly simple moving average. On the downside, the $250 support zone is very important. If it fails to hold losses, the next support is near the $220 level. Below this, the last important support for buyers is at $200 and $205.

Hourly MACD – The MACD is placed heavily in the bearish zone.

Hourly RSI – The RSI is attempting a recovery from the extreme oversold conditions.

Major Support Level – $250

Major Resistance Level – $286

The post Ethereum Price Analysis: ETH/USD Could Drop To $200-220 appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2248.8 (-0.74%)
Объем 24H $48.438b
Изменеия 24h: -2.08 %, 7d: -25.18 %
Cегодня L: $2214.76 - H: $2318.67
Капитализация $271.415b Rank 2
Цена в час новости $ 269.96 (733.01%)

eth price usd 200-220 ethereum analysis drop

Источник: newsbtc.com

eth price → Результатов: 126


Фото:

Grab 190M Daily Before It’s Gone: ZKP Emerges as Crypto’s First Presale Auction While AVAX and ETH Hit the Brakes

Once dominant cryptocurrencies pause at critical thresholds, focus organically transitions toward opportunity construction rather than valuation velocity. The Ethereum price chart demonstrates this uncertainty plainly, with ETH encountering distribution pressure underneath clearly marked resistance territory following current recovery efforts.

2026-2-1 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BNB price signals potential reversal, bullish divergence develops

BNB’s price is stabilizing at a key high-time-frame support level as bullish divergence emerges, raising the probability of a relief rally if buyers regain control. BNB (BNB) price action is approaching a critical inflection point after an impulsive move lower…