Ethereum Reverses Trend, Price-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Ethereum Reverses Trend, Price Remains at Risk

> Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support.

Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average.

There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart. The pair could resume its decline unless it clears $1,150 and $1,200 in the near term.

A clear move above the $1,200 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance.

If ethereum fails to rise above the $1,200 resistance, it could continue to move down. An initial support on the downside is near the $1,050 zone.

The next major support is near the $1,000 zone. A clear move and break below the $1,000 zone could start a major decline. In the stated case, the price could slide towards the $880 support zone in the near term.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JC888
2022-06-18
JC888
Doesn't ETH price moves in tandem with BTC? BTC is still falling. Can share why u expect ETH to be otherwise?
- Numero:
  See BTC, June 14:
  > https://ttm.financial/m/post/9052243046?utm_campaign=9052243046&utm_source=post&invite=dc9009&lang=en_US&platform=iOS&shareID=c0069c4f4652477a604efc65079399ba&utm_medium=copy
- Numero:
  Read para 1: “> Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support.” + See June 14 post on BTC.
- TK63:
  ok
Maria_yy
2022-06-19
Maria_yy
Nice post, I will share it with others.
Jaden1995
2022-06-18
Jaden1995
btc will move 1st then eth
Nicholas854
2022-06-18
Nicholas854
thank for thank for sharing
AnT
2022-06-18
AnT
no no no
Visionaire91
2022-06-18
Visionaire91
Bj d
- JonC1997:
  Hi

Leave a comment

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ETH is declining and remains at a risk of more downsides below the $1,000 support.</p><p>Ethereum started a fresh decline after it failed to surpass the $1,250 zone.&nbsp;The price is now trading below $1,200 and the 100 hourly simple moving average.</p><p>There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart. The pair could resume its decline unless it clears $1,150 and $1,200 in the near term.</p><p>A clear move above the $1,200 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance.</p><p>If ethereum fails to rise above the $1,200 resistance, it could continue to move down. An initial support on the downside is near the $1,050 zone.</p><p>The next major support is near the $1,000 zone. A clear move and break below the $1,000 zone could start a major decline. In the stated case, the price could slide towards the $880 support zone in the near term.</p><img src=\"https://community-static.tradeup.com/news/d1d7db584b705bcbfa13387c2a814b79\" tg-width=\"1536\" tg-height=\"708\"></body></html>","htmlText":"<html><head></head><body><p><b><u>Ethereum Reverses Trend, Price Remains at Risk</u></b> &nbsp;</p><p>&gt; Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support.</p><p>Ethereum started a fresh decline after it failed to surpass the $1,250 zone.&nbsp;The price is now trading below $1,200 and the 100 hourly simple moving average.</p><p>There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart. The pair could resume its decline unless it clears $1,150 and $1,200 in the near term.</p><p>A clear move above the $1,200 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance.</p><p>If ethereum fails to rise above the $1,200 resistance, it could continue to move down. An initial support on the downside is near the $1,050 zone.</p><p>The next major support is near the $1,000 zone. A clear move and break below the $1,000 zone could start a major decline. In the stated case, the price could slide towards the $880 support zone in the near term.</p><img src=\"https://community-static.tradeup.com/news/d1d7db584b705bcbfa13387c2a814b79\" tg-width=\"1536\" tg-height=\"708\"></body></html>","text":"Ethereum Reverses Trend, Price Remains at Risk > Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support. Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average. 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