Ethereum Lags at $176; Resistance May Fall at $182

  • Ethereum loses almost 1% to fall to 176 USD
  • The next resistance may come at 182 USD

Ethereum has been down by more than 1% in the last one day. The value against USD has failed again to keep its head above 180 USD and towards the closing of the day, it showed a downtrend. Yesterday, the range of the price movements is between 185 USD and 174 USD.

Ethereum Price Analysis:

The first major variation happened between 01:08 UTC and 03:19 UTC and this swing added 7.17 USD to the value. This surge took the price from 178.50 USD to 185.67 USD. After then, it fell by 4.16% in the next 6 hours and 9 minutes and this swing took the value to 177.96 USD by 09:27 UTC. The third variation came as a sign of strengthening and by 12:20 UTC, it got strengthened to touch 182 USD. The last variation came as another downtrend and between 12:20 UTC and 00:15 UTC of today, Ethereum lost 7.99 USD to fall at 174 USD.

Ethereum Price
Ethereum Chart By TradingView

Ethereum’s struggle is likely to continue for some more days. Its current price is constantly trying to pursue the 20 days and 50 days average, but yet to remain above the lines. It is likely to find the next resistance at 182 USD. In the long-term, it may give good returns to the investors.

Resistance and Support Levels:

Ethereum (ETH)
1st Resistance$182.99
2nd Resistance$188.64
3rd Resistance$192.23
1st Support$173.75
2nd Support$170.16
3rd Support$164.51

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