Ethereum Price Analysis: ETH Turned Vulnerable Below $140

ETH price failed to climb above the $140-141 resistance area and declined against the US Dollar.
The price even broke the $137 support level and traded to a new weekly low near $135.
This is a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may extend the current downside correction if it fails to surpass the $140 resistance area.

Investment Analyst: “Bitcoin has Become the Standard of All Crypto” and a “Convenient Safe-Haven”
Wednesday August 14, 2019

According to the co-founder of DataTrek Research, current global instability is making Bitcoin a popular choice of safe-haven asset. Nicolas Colas believes that the leading crypto asset’s price swings can be used as an...

The post Investment Analyst: “Bitcoin has Become the Standard of All Crypto” and a “Convenient Safe-Haven” appeared first on 12bitplay - Bitcoin Play.

Ethereum price is slowly moving into a bearish zone against the US Dollar and bitcoin. ETH is now at a risk of a bearish reaction if it fails to climb above the $140 hurdle.
Ethereum Price Analysis
Yesterday, we saw the start of a downside correction in ETH price from the $144 swing high against the US Dollar. The ETH/USD pair declined below the $140 support level and traded close to the $137 level. Later, there was an upside correction, but the price failed to clear the $140-141 resistance area. The price also failed to climb above the 61.8% Fib retracement level of the last slide from the $144 swing high to $137 swing low. As a result, there was a fresh drop and the price even broke the $137 support level.
A new weekly low was formed near the $135 level and the price is currently correcting higher. It moved above the $137 level and the 100 hourly simple moving average. There was a break above the 50% Fib retracement level of the recent decline from the $141 high to $135 swing low. However, there is a strong resistance formed near the $140 and $141 levels. There is also a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD.
An immediate resistance is just below $140 and near the 61.8% Fib retracement level of the recent decline from the $141 high to $135 swing low. To resume the last bullish wave, the price must break the $140 resistance and the trend line. If buyers fail to push the price higher, there are chances of a fresh drop below the $135 swing low.

Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment
Tuesday August 13, 2019

Ripple price struggled to climb above the $0.3060 level and recently declined against the US dollar. The price is trading with a bearish angle below the $0.3020 and $0.3010 levels. XRP/USD is about to...

The post Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment appeared first on 12bitplay - Bitcoin Play.

Looking at the chart, ETH price is currently correcting the last week’s gains from the $128 swing low. It is approaching a couple of important supports such as $135 and $136. Having said that, if it fails to climb above the $140-141 resistance area, there is a risk of a downside correction below $135.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD spiked above the 50 level and it is currently moving higher towards 60.
Major Support Level – $135
Major Resistance Level – $140
The post Ethereum Price Analysis: ETH Turned Vulnerable Below $140 appeared first on NewsBTC.

Ethereum Price Weekly Forecast: ETH Could Climb Above $200
Sunday August 18, 2019

ETH price declined heavily below the key $200 and $190 support levels against the US Dollar. The price is currently consolidating losses after trading as low as $174. There is a crucial bearish trend...

The post Ethereum Price Weekly Forecast: ETH Could Climb Above $200 appeared first on 12bitplay - Bitcoin Play.

You may also like...