TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.4K

TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.4K

Ethereum is struggling to gain pace above $1,350 against the US Dollar. ETH must clear the $1,380 and $1,400 levels to start a steady increase.


  • Ethereum is facing an increase in selling below the $1,400 level.

  • The price is now trading below $1,400 and the 100 hourly simple moving average.

  • There is a new connecting bearish trend line forming with resistance near $1,350 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could recover further if there is a clear move above the $1,400 resistance zone.


  • Ethereum Price Recovers Slightly

    Ethereum formed a base above the $1,300 level and recently started an upside correction. ETH was able to recover above the $1,320 and $1,325 levels.


    There was a move above the $1,350 resistance. Ether price climbed above the 38.2% Fib retracement level of the downward move from the $1,475 swing high to $1,282 low. The price even spiked above the $1,375 level, but upsides were limited.


    The price ..

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