Ethereum Price Grinds Lower And It’s Vulnerable to a Drop Below $1,500 | Headlines | News | CoinMarketCap
10/10/2023 11:46
Ethereum price struggled to clear $1,660 and reacted to the downside against the US dollar. ETH remains at risk of more losses if it breaks the …
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Ethereum
Resistance
Published on October 10, 2023 04:34 GMT+00:00edited on October 10, 2023 04:39 GMT+00:00
Ethereum price struggled to clear $1,660 and reacted to the downside against the US dollar. ETH remains at risk of more losses if it breaks the $1,550 support.
- Ethereum resumed its decline and retested the $1,550 support.
- The price is trading below $1,600 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could accelerate lower if there is a close below the $1,550 support zone.
Ethereum Price Dives Again
Ethereum failed to settle above the $1,665 resistance zone. ETH started a fresh decline from the $1,665 resistance zone and dived below the $1,650 level.
The bears pushed the price below the $1,600 level and the 100-hourly Simple Moving Average. Ether …