• bitcoinBitcoin(BTC)$24,148.005.21%
    BITCOIN
    24H : 5.21%
    Volume : $19,491,557,038.00
    Marketcap : $461,405,441,713.00
  • ethereumEthereum(ETH)$1,773.235.53%
    ETHEREUM
    24H : 5.53%
    Volume : $11,254,022,077.00
    Marketcap : $212,738,774,322.00
  • tetherTether(USDT)$1.00-0.01%
    TETHER
    24H : -0.01%
    Volume : $38,820,669,332.00
    Marketcap : $66,407,763,164.00
  • usd-coinUSD Coin(USDC)$1.000-0.06%
    USD COIN
    24H : -0.06%
    Volume : $4,068,623,429.00
    Marketcap : $54,241,531,374.00
  • rippleXRP(XRP)$0.3832.85%
    XRP
    24H : 2.85%
    Volume : $853,310,728.00
    Marketcap : $18,497,711,902.00
  • cardanoCardano(ADA)$0.5465.70%
    CARDANO
    24H : 5.70%
    Volume : $676,233,873.00
    Marketcap : $18,457,307,589.00
  • dogecoinDogecoin(DOGE)$0.0713.81%
    DOGECOIN
    24H : 3.81%
    Volume : $245,677,855.00
    Marketcap : $9,428,877,339.00
  • daiDai(DAI)$1.000-0.17%
    DAI
    24H : -0.17%
    Volume : $462,251,830.00
    Marketcap : $7,038,340,815.00
  • tronTRON(TRX)$0.0711.80%
    TRON
    24H : 1.80%
    Volume : $289,362,543.00
    Marketcap : $6,553,219,698.00
  • ethereum-classicEthereum Classic(ETC)$39.304.53%
    ETHEREUM CLASSIC
    24H : 4.53%
    Volume : $1,081,694,644.00
    Marketcap : $5,345,409,751.00
  • okbOKB(OKB)$18.562.02%
    OKB
    24H : 2.02%
    Volume : $6,888,466.00
    Marketcap : $4,758,221,435.00
  • leo-tokenLEO Token(LEO)$4.86-2.43%
    LEO TOKEN
    24H : -2.43%
    Volume : $2,588,694.00
    Marketcap : $4,540,695,744.00
  • litecoinLitecoin(LTC)$63.444.58%
    LITECOIN
    24H : 4.58%
    Volume : $293,911,651.00
    Marketcap : $4,487,847,462.00
  • chainlinkChainlink(LINK)$8.6011.31%
    CHAINLINK
    24H : 11.31%
    Volume : $567,661,957.00
    Marketcap : $4,014,787,536.00
  • crypto-com-chainCronos(CRO)$0.1524.44%
    CRONOS
    24H : 4.44%
    Volume : $18,841,115.00
    Marketcap : $3,831,023,198.00
  • cosmosCosmos Hub(ATOM)$11.777.81%
    COSMOS HUB
    24H : 7.81%
    Volume : $331,496,242.00
    Marketcap : $3,440,093,661.00
  • stellarStellar(XLM)$0.1294.23%
    STELLAR
    24H : 4.23%
    Volume : $141,271,362.00
    Marketcap : $3,242,548,969.00
  • moneroMonero(XMR)$167.162.36%
    MONERO
    24H : 2.36%
    Volume : $153,908,846.00
    Marketcap : $3,034,749,647.00
  • bitcoin-cashBitcoin Cash(BCH)$147.325.10%
    BITCOIN CASH
    24H : 5.10%
    Volume : $606,579,161.00
    Marketcap : $2,819,357,916.00
  • algorandAlgorand(ALGO)$0.3714.38%
    ALGORAND
    24H : 4.38%
    Volume : $104,445,995.00
    Marketcap : $2,573,848,590.00
  • vechainVeChain(VET)$0.0335.10%
    VECHAIN
    24H : 5.10%
    Volume : $98,677,644.00
    Marketcap : $2,367,313,113.00
  • tezosTezos(XTZ)$1.953.99%
    TEZOS
    24H : 3.99%
    Volume : $34,558,180.00
    Marketcap : $1,740,142,496.00
  • theta-tokenTheta Network(THETA)$1.695.86%
    THETA NETWORK
    24H : 5.86%
    Volume : $108,888,867.00
    Marketcap : $1,691,073,071.00
  • eosEOS(EOS)$1.284.11%
    EOS
    24H : 4.11%
    Volume : $184,946,335.00
    Marketcap : $1,285,088,361.00
  • makerMaker(MKR)$1,164.366.58%
    MAKER
    24H : 6.58%
    Volume : $69,976,129.00
    Marketcap : $1,048,614,880.00
  • iotaIOTA(MIOTA)$0.3541.68%
    IOTA
    24H : 1.68%
    Volume : $16,323,975.00
    Marketcap : $982,873,386.00
  • zcashZcash(ZEC)$71.783.87%
    ZCASH
    24H : 3.87%
    Volume : $64,533,692.00
    Marketcap : $913,130,036.00
  • paxos-standardPax Dollar(USDP)$1.000-0.04%
    PAX DOLLAR
    24H : -0.04%
    Volume : $1,554,016.00
    Marketcap : $871,747,708.00
  • huobi-tokenHuobi(HT)$4.431.74%
    HUOBI
    24H : 1.74%
    Volume : $6,791,353.00
    Marketcap : $681,958,954.00
  • basic-attention-tokenBasic Attention(BAT)$0.4474.58%
    BASIC ATTENTION
    24H : 4.58%
    Volume : $46,069,030.00
    Marketcap : $667,463,381.00
  • wavesWaves(WAVES)$6.294.22%
    WAVES
    24H : 4.22%
    Volume : $192,378,293.00
    Marketcap : $628,918,391.00
  • dashDash(DASH)$55.244.90%
    DASH
    24H : 4.90%
    Volume : $109,927,977.00
    Marketcap : $598,982,427.00
  • decredDecred(DCR)$38.67-3.78%
    DECRED
    24H : -3.78%
    Volume : $15,338,343.00
    Marketcap : $551,131,757.00
  • bitcoin-goldBitcoin Gold(BTG)$29.973.45%
    BITCOIN GOLD
    24H : 3.45%
    Volume : $13,864,482.00
    Marketcap : $524,154,814.00
  • nemNEM(XEM)$0.0532.24%
    NEM
    24H : 2.24%
    Volume : $8,734,995.00
    Marketcap : $475,132,576.00
  • ravencoinRavencoin(RVN)$0.0406.62%
    RAVENCOIN
    24H : 6.62%
    Volume : $21,568,237.00
    Marketcap : $463,870,025.00
  • qtumQtum(QTUM)$4.274.23%
    QTUM
    24H : 4.23%
    Volume : $64,003,902.00
    Marketcap : $445,419,856.00
  • omisegoOMG Network(OMG)$2.424.73%
    OMG NETWORK
    24H : 4.73%
    Volume : $39,661,453.00
    Marketcap : $339,308,025.00
  • 0x0x(ZRX)$0.3695.22%
    0X
    24H : 5.22%
    Volume : $17,573,818.00
    Marketcap : $312,931,526.00
  • iconICON(ICX)$0.3493.05%
    ICON
    24H : 3.05%
    Volume : $4,540,994.00
    Marketcap : $276,336,612.00
  • ontologyOntology(ONT)$0.2963.80%
    ONTOLOGY
    24H : 3.80%
    Volume : $11,711,009.00
    Marketcap : $258,981,246.00
  • liskLisk(LSK)$1.242.08%
    LISK
    24H : 2.08%
    Volume : $9,570,500.00
    Marketcap : $179,412,539.00
  • augurAugur(REP)$9.122.54%
    AUGUR
    24H : 2.54%
    Volume : $4,570,842.00
    Marketcap : $69,501,878.00
  • bitcoin-diamondBitcoin Diamond(BCD)$0.1833.25%
    BITCOIN DIAMOND
    24H : 3.25%
    Volume : $360,830.00
    Marketcap : $34,387,389.00
  • bytomBytom(BTM)$0.0135.81%
    BYTOM
    24H : 5.81%
    Volume : $691,270.00
    Marketcap : $23,367,863.00
  • monacoinMonaCoin(MONA)$0.539-1.58%
    MONACOIN
    24H : -1.58%
    Volume : $50,632.00
    Marketcap : $0.00
Cryptotelegraph
  • bitcoin
    Bitcoin
    $24,148.00
  • ethereum
    Ethereum
    $1,773.23
  • tether
    Tether
    $1.00
  • usd-coin
    USD Coin
    $1.000
  • binancecoin
    BNB
    $330.05
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • NFTs
      • ICO News
      • Press Releases
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
      • Read Press Releases
    • Contact Us
    No Result
    View All Result
    Cryptotelegraph.com
    No Result
    View All Result
    Home News Ethereum News

    Ethereum Keeps Sliding Down, Will The Support Line of $1,100 Break?

    Andy K by Andy K
    July 2, 2022
    in Ethereum News
    Reading Time: 5 mins read
    15.4k 314
    0
    Ethereum Keeps Sliding Down, Will The Support Line of $1,100 Break?
    2.7k
    SHARES
    68.3k
    VIEWS
    Share on FacebookShare on Twitter

    Ethereum continued on a bearish path as the coin has now found support level at $1,100. Over the last two days the coin surged and touched the $1,200 mark but shortly after that, it witnessed a pullback on the chart. Ethereum’s strong resistance currently stood at $1,300.

    The technical perspective of the coin has also remained bearish. Over the last 24 hours, ETH lost 9% of its value and invalidated most gains it secured in the past one week. After the bulls could not manage to move past the $1,300 price ceiling, the coin has slipped down.

    ETH has depicted a consolidated price range with price of the asset sandwiched between $1,280 and $1,110, respectively. If Ethereum doesn’t rise and break past the $1,300, price could dip and fall below the $1,000 mark. Buying strength also faded as price of the coin kept falling on the chart. The global cryptocurrency market cap today is at $937 Billion with a fall of 5.5% in the last 24 hours.


    5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

    Ethereum Price Analysis: One Day Chart

    Ethereum
    Ethereum was priced at $1,111 on the one day chart | Source: ETHUSD on TradingView

    ETH was trading for $1,111 at the time of writing. Immediate support for the coin stood at $1,000, but if ETH starts to fall then the coin can trade at the $900 price level. Immediate overhead resistance stood at $1,200 and then at $1,300.

    The last time the altcoin hovered around this price region was in the month of January 2021. If Ethereum falls to $900, it would mark a new low for the coin in the year 2022. If price of the altcoin manages to jump to $1,300 and trades above that level for significantly long, then rally to $1,700 could be possible.

    Related articles

    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    August 7, 2022
    Active Contribution Across Solana, Bitcoin, And Ethereum Grow

    Active Contribution Across Solana, Bitcoin, And Ethereum Grow

    August 5, 2022

    Volume of Ethereum traded fell on the 24 hour chart which meant that buying strength decreased. The trading volume bar was red indicating bearishness.


    BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?


    Get 110 USDT Futures Bonus for FREE!

    Technical Analysis

    Ethereum
    Ethereum displayed fall in buying pressure on the one day chart | Source: ETHUSD on TradingView

    ETH was oversold over the last 48 hours, but the coin recovered and moved above the oversold zone. Despite this recovery Ethereum’s buying pressure remained extremely low on the chart. The Relative Strength Index noted a downtick and was nearing the oversold mark again.

    Consistent downfall in demand can bring Ethereum to touch the $900 level over the next trading sessions. On the 20-SMA, the coin was seen below the 20-SMA line. A reading below the 20-SMA line means that the sellers were driving the price momentum in the market.

    Related Reading | Why Ethereum Could Trade At $500 If These Conditions Are Met

    Ethereum
    Ethereum flashed buy signal on the one day chart | Source: ETHUSD on TradingView

    ETH noted a fall in buying strength despite that the coin flashed buy signal son the one day chart. Moving Average Convergence Divergence depicts the price momentum. It displayed a bullish crossover and flashed green signal bars which are buy signals for the coin.

    The current price level could potentially turn into a demand zone for the king altcoin. Chaikin Money Flow demonstrated capital inflows and outflows on the chart. CMF was below the the half-line which meant that capital inflows were lesser than capital outflows signifying bearishness.

    Suggested Reading | Ethereum Needs To Breach This Level To Sustain Bullish Pace

    Featured image UnSplash, chart from TradingView.com
    Tags: ETHethereumprice analysis

    Read More From Original Source

    Tags: ETH
    Share1094Tweet684
    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Despite other staff members helping themselves daily - Andy has a 'never-ending' container of 'Jelly beans' always sat on his desk, it's magic!

    Related Posts

    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    by Andy K
    August 7, 2022
    0

    Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners...

    Active Contribution Across Solana, Bitcoin, And Ethereum Grow

    Active Contribution Across Solana, Bitcoin, And Ethereum Grow

    by Andy K
    August 5, 2022
    0

    It is surprising how contributors still pile into the Ethereum blockchain network every month. Drawing from participants’ observations, the network...

    The Pelosi Effect? Ethereum Faces Headwinds Over Area At $1,600

    The Pelosi Effect? Ethereum Faces Headwinds Over Area At $1,600

    by Andy K
    August 4, 2022
    0

    Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish...

    Experts Forecast Entry Points In Ethereum Hedge Funds Retail And Institutions

    Experts Forecast Entry Points In Ethereum Hedge Funds Retail And Institutions

    by Andy K
    August 3, 2022
    0

    Amid the negative U.S. GDP record and high Fed rate, there seems to be a positive turning for some digital...

    TA: Ethereum Breaks Down, Why ETH Could Revisit $1,500

    TA: Ethereum Breaks Down, Why ETH Could Revisit $1,500

    by Andy K
    August 3, 2022
    0

    Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards...

    Load More

    Discussion about this post

    Partners

    Crypto Prices

    bitcoin Bitcoin
    $24,148.00
    $24,148.00
    EUR: €23,736.52
    GBP: £20,023.06
    7D Chart5.21%
    ethereum Ethereum
    $1,773.23
    $1,773.23
    EUR: €1,743.01
    GBP: £1,470.33
    7D Chart5.53%
    tether Tether
    $1.00
    $1.00
    EUR: €0.984
    GBP: £0.830
    7D Chart-0.01%
    usd-coin USD Coin
    $1.000
    $1.000
    EUR: €0.983
    GBP: £0.829
    7D Chart-0.06%
    binancecoin BNB
    $330.05
    $330.05
    EUR: €324.43
    GBP: £273.67
    7D Chart6.02%
    ripple XRP
    $0.383
    $0.383
    EUR: €0.376
    GBP: £0.317
    7D Chart2.85%
    cardano Cardano
    $0.546
    $0.546
    EUR: €0.536
    GBP: £0.453
    7D Chart5.70%
    polkadot Polkadot
    $9.31
    $9.31
    EUR: €9.15
    GBP: £7.72
    7D Chart10.19%
    wrapped-bitcoin Wrapped Bitcoin
    $24,150.00
    $24,150.00
    EUR: €23,738.48
    GBP: £20,024.72
    7D Chart5.24%
    litecoin Litecoin
    $63.44
    $63.44
    EUR: €62.36
    GBP: £52.60
    7D Chart4.58%
    uniswap Uniswap
    $9.21
    $9.21
    EUR: €9.05
    GBP: £7.64
    7D Chart4.84%
    chainlink Chainlink
    $8.60
    $8.60
    EUR: €8.45
    GBP: £7.13
    7D Chart11.31%
    stellar Stellar
    $0.129
    $0.129
    EUR: €0.127
    GBP: £0.107
    7D Chart4.23%
    monero Monero
    $167.16
    $167.16
    EUR: €164.31
    GBP: £138.61
    7D Chart2.36%
    bitcoin-cash Bitcoin Cash
    $147.32
    $147.32
    EUR: €144.81
    GBP: £122.15
    7D Chart5.10%
    tezos Tezos
    $1.95
    $1.95
    EUR: €1.92
    GBP: £1.62
    7D Chart3.99%
    aave Aave
    $105.84
    $105.84
    EUR: €104.04
    GBP: £87.76
    7D Chart6.41%
    eos EOS
    $1.28
    $1.28
    EUR: €1.26
    GBP: £1.06
    7D Chart4.11%
    bitcoin-cash-sv Bitcoin SV
    $63.98
    $63.98
    EUR: €62.89
    GBP: £53.05
    7D Chart4.70%
    havven Synthetix Network
    $4.26
    $4.26
    EUR: €4.19
    GBP: £3.53
    7D Chart4.24%
    • Trending
    • Comments
    • Latest
    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    March 14, 2020
    Blockchain unconfirmed transaction hack 100% Working! New proof!

    Blockchain unconfirmed transaction hack 100% Working! New proof!

    March 13, 2020
    Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

    Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

    February 11, 2020
    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    March 31, 2020
    Ripple XRP Token

    Ripple and XRP – The Convoluted Truth Behind XRP’s Creation

    0
    Bitcoin cash hard fork. BitcoinCash Hard fork (BCH Hard fork)

    Bitcoin Cash ‘hard fork’ What you need to know about it

    0
    Crytotelegraph - Crypto News & Reviews - Bitcoin & Altcoins

    Bitcoin price news: 10 year forecast shows bitcoin ‘WON’T DIE’ Latest BTC prediction

    0
    BAKKT Futures: BAKKT Warehouse & Bitcoin Exchange

    Will Bakkt Send Bitcoin’s price skyrocketing?

    0
    Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

    Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

    August 8, 2022
    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    August 7, 2022
    Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

    Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

    August 7, 2022
    DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

    DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

    August 7, 2022

    Cryptotelegraph.com




    The Cryptotelegraph is a Crypto News Magazine ‘Startup’ that hunts high and low to compile the very latest crypto news and reviews from around the web, whilst at the same time producing thought provoking articles and interpretations surrounding the cryptocurrency market today!


    Read More





    Disclaimer

    Information found on Cryptotelegraph is those of referring websites (or) writers quoted. It does not represent the opinions of Cryptotelegraph on whether or not to buy, trade, sell or hold any investments. You are advised to conduct your own research before making any investment decisions. Use all provided information at your own risk. Full disclaimer.

    Crypto News

    Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

    What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

    Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

    DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

    Bitcoin Loses Critical Level Below $23,000, Bears Prepare For New Assault?

    Bitcoin Funding Rates Turn Positive, Why The Rally May Not Be Over

    Donations Welcome




    Bitcoin Address : 3AhxNswMkD5tjJJ544NRCwWhCDXHJ5GTzq

    Ethereum Address : 0x9627FB741C19e1a70E7006F2B0D0c26d14AA1816

    Bitcoin Cash Address : qq93an6n9unnu496vpcx684zekkmn4yk6g79kllf7d

    Litecoin Address : MKVphBBJkBbjSh4D6aFLds9XHE1rnS9iHW





    © Copyrights 2017 - 2021 Cryptotelegraph.com. All Rights Reserved.

    Contact    About    Privacy & Cookie Policy

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • NFTs
      • ICO News
      • Press Releases
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
      • Read Press Releases
    • Contact Us

    © Cryptotelegraph.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.