Bitcoin (BTC) PRICE NOW: $47,808.2400000024h change: -0.85% Ethereum (ETH) PRICE NOW: $3,513.3800000024h change: -3.25% Cardano (ADA) PRICE NOW: $2.3990000024h change: -3.61% Binance Coin (BNB) PRICE NOW: $417.9000000024h change: -2.60% HEX (HEX) PRICE NOW: $0.3990052824h change: 0.19% XRP (XRP) PRICE NOW: $1.0822000024h change: -3.44% Solana (SOL) PRICE NOW: $139.9900000024h change: -13.72% Polkadot (DOT) PRICE NOW: $35.4600000024h change: -1.26% Dogecoin (DOGE) PRICE NOW: $0.2505000024h change: 2.05% USD Coin (USDC) PRICE NOW: $0.9997000024h change: -0.03% Uniswap (UNI) PRICE NOW: $25.4900000024h change: -5.61% Terra (LUNA) PRICE NOW: $35.3098806824h change: -4.07% Avalanche (AVAX) PRICE NOW: $61.8200000024h change: 0.58% Chainlink (LINK) PRICE NOW: $29.4500000024h change: -5.92% Binance USD (BUSD) PRICE NOW: $0.9998000024h change: -0.04%
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Ethereum is facing a major resistance near $3,400 against the US Dollar. ETH price could start a fresh decline if it fails to clear the $3,400 resistance zone. Ethereum extended its decline below the $3,250 and $3,200 levels. The price is now trading well below $3,400 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline unless there is a clear break above the $3,400 resistance. Ethereum Price is Facing Resistance Ethereum topped near the $3,450 level and started a fresh decline. ETH traded below the $3,220 support level and settled below the 100 hourly simple moving average. It even broke the $3,160 support and traded as low as $3,115. Recently, there was a recovery wave above the $3,220 level, similar to bitcoin. There was a break above the $3,250 and $3,280 resistance levels. Ether climbed above the 50% Fib retracement level of the recent decline from the $3,450 swing high to $3,115 low. However, the price is facing resistance near $3,350 and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $3,370 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,350 level. The first major resistance is near the $3,380 and $3,400 levels. A proper move above the $3,400 could increase the chances of a steady increase. The next major resistance sits near $3,500. Any more gains could set the pace for a move towards the $3,620 level. More Losses in ETH? If ethereum fails to continue higher above the $3,380 and $3,400 resistance levels, it could start another downward move. An initial support on the downside is near the $3,220 level. The next major support seems to be forming near the $3,150 level. A downside break below the $3,200 and $3,150 support levels might push the price further lower. In the stated case, the price could even decline below $3,100. The next stop for the bears might be near the $3,000 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,150 Major Resistance Level – $3,400

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