The price of Ethereum expanded and fell below $1920 to the US dollar. If the ETH falls below the support range of $1820, it may continue to decline.Ethereum further fell below the support level of $1920.The price is below $1920 and the 100 hour simple moving average.Breaking through the main bearish trend line on the hourly chart of ETH/USD, the resistance level is around $1860 (data from Kraken).If it breaks through the levels of $1920 and $1975, the currency pair may begin to rise significantly.Ethereum price turns redEthereum's price gained bearish momentum after closing below the support level of $2000. ETH will expand its decline below the support levels of $1950 and $1920, similar to Bitcoin. 1,880 1,827
The price of Ethereum expanded and fell below $1920 to the US dollar. If the ETH falls below the support range of $1820, it may continue to decline.
- Ethereum further fell below the support level of $1920.
- The price is below $1920 and the 100 hour simple moving average.
- Breaking through the main bearish trend line on the hourly chart of ETH/USD, the resistance level is around $1860 (data from Kraken).
- If it breaks through the levels of $1920 and $1975, the currency pair may begin to rise significantly.
Ethereum price turns red
Ethereum's price gained bearish momentum after closing below the support level of $2000. ETH will expand its decline below the support levels of $1950 and $1920, similar to Bitcoin.
空头甚至将价格推低至 1,880 美元的支撑位下方。在 1,827 美元附近形成低点，价格现在正在巩固损失。以太币目前的交易The price is below $1920 and the 100 hour simple moving average.最近，小幅上涨至 1,850 美元以上。在 ETH/USD 的小时图上突破了主要看跌趋势线，阻力位在 1,860 美元附近。
The direct resistance level is near the $1900 area. It is close to the 23.6% Fibonacci retracement level, which was the main decline from the swinging high of $2125 to the low of $1827. The next major resistance level is around $1920.
An upward breakthrough of $1920 may push Ethereum towards a 50% Fibonacci retracement of its main decline from a swing high of $2125 to a low of $1827, or towards $1975. The next major resistance level is around the $2000 area, and prices above that area may start to rise significantly.
In the above situation, the price may rise to the resistance level of $2080. Any additional returns may push the ether towards a resistance level of $2125 in the short term.
More ETH losses?
If Ethereum fails to clear the resistance level of $1920, it may continue to decline. The initial support level for the downward trend is around $1840.
The next major support level is in the $1820 region or near recent lows, below which Ethereum prices may gain bearish momentum. In the above situation, the price may fall towards $1765. Any further losses could push the price towards $1700.
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