News: Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%




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https://www.newsbtc.com/?s=Ethereum%20Price%20%28ETH%29%20Could%20Breakdown%20In%20Short%20Term%2C%20Bitcoin%20Down%203%25

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Transcript:

0:00:00 Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%

0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:11 ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar.

0:00:18 The price is likely to decline if bitcoin continues to struggle below the $10,250 level.

0:00:24 There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD.

0:00:32 Ethereum price is struggling to gain strength above $185 versus the US Dollar since bitcoin is declining.

0:00:39 ETH price could spike below the $180 support in the near term.

0:00:44 In the past two days, ETH price made two attempts to surpass the $185 resistance against the US Dollar.

0:00:51 However, bitcoin price struggled to climb higher above the $10,350 and $10,400 resistance levels.

0:00:60 As a result, Ether price also started showing a few bearish signs below the $185 resistance.

0:01:06 On the positive side, the price is holding the main $178 and $180 support levels.

0:01:13 The last swing low was formed near the $177 level.

0:01:18 The price is currently correcting higher above the $178 and $179 levels.

0:01:25 Moreover, there was a break above the 50% Fibonacci retracement level of the recent decline from the $185 swing high to $177 swing low.

0:01:35 On the upside, the $182 level is currently protecting gains.

0:01:40 Additionally, there is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD.

0:01:48 The 61.8% Fibonacci retracement level of the recent decline from the $185 swing high to $177 swing low is also acting as a resistance.

0:01:59 If there is an upside break above $182, Ethereum price could revisit the $185 resistance level.

0:02:07 To continue higher and start a decent rise, the price must break the $185 and $186 resistance levels.

0:02:16 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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COMMENTS (1)

  • comment-avatar
    dersbomidi1977 September 11, 2019

    Great video!