TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key

TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key

Ethereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support.


  • Ethereum started another decline after there was a false break above $1,620.

  • The price is now trading below $1,560 and the 100 hourly simple moving average.

  • There is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a fresh increase unless there is a clear move below the $1,480 support.


  • Ethereum Price Tests Key Support

    Ethereum made another attempt to clear the $1,620 resistance zone. ETH even spiked above the $1,640 and $1,650 levels. However, the bears were active near the $1,660 level.


    A high was formed near $1,662 and the price started a fresh decline. There was a downside break below the $1,560 and $1,550 levels. Ether price declined below the 50% Fib retracement level of the upward move from the $1,488 ..

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