Ethereum Price Plunge To $1,800 On The Horizon, As Bulls Show Weak Hands | Headlines | News | CoinMarketCap
08/15/2023 12:04
Ethereum price is struggling to rise above the $1,850 zone against the US Dollar. ETH could drop toward the $1,800 support in the near term. …
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Published on August 15, 2023 04:44 GMT+00:00edited on August 15, 2023 04:49 GMT+00:00
Ethereum price is struggling to rise above the $1,850 zone against the US Dollar. ETH could drop toward the $1,800 support in the near term.
- Ethereum is trading in a range below the $1,850 and $1,860 resistance levels.
- The price is trading below $1,850 and the 100-hourly Simple Moving Average.
- There is a key contracting triangle forming with support near $1,840 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could drop toward $1,800 if there is no close above the $1,860 resistance.
Ethereum Price Dips Again
Ethereum’s price remained below the $1,860 resistance zone and reacted to the downside. ETH topped near $1,853 and declined below the $1,840 level, similar to Bitcoin.
A low is formed near $1,837 and the pair is now consolidating losses. It climbed above …