{"id":191648,"date":"2018-11-09T01:28:01","date_gmt":"2018-11-09T06:28:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-back-to-significant-support-at-206\/191648"},"modified":"2021-08-21T15:19:38","modified_gmt":"2021-08-21T19:19:38","slug":"ethereum-price-analysis-eth-usd-back-to-significant-support-at-206","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-back-to-significant-support-at-206","title":{"rendered":"Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Key Highlights<\/p>\n<ul>\n<li>ETH price failed to recover and it recently declined below the $214 support against the US Dollar.<\/li>\n<li>There is a key declining channel in place with resistance at $212 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is currently under pressure and it could decline towards the $206 support area.<\/li>\n<\/ul>\n<p><em>Ethereum price declined further against the US Dollar and bitcoin. ETH\/USD is slowly declining towards a significant support area near $206.<\/em><\/p>\n<h3>Ethereum Price Analysis<\/h3>\n<p>During the past few sessions, there was a <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/08\/ethereum-price-analysis-eth-usd-downsides-limited-below-212\/\" target=\"_blank\" rel=\"noopener\">slow and steady decline<\/a> below the $216 support in ETH price against the US Dollar. The ETH\/USD pair failed to recover and it also moved below the $212 support area and the 100 hourly simple moving average. The decline was such that the price broke the 61.8% Fib retracement level of the recent wave from the $204 low to $223 swing high.<\/p>\n<p>At the moment, the price is trading near the $210 level with a bearish angle. More importantly, there is a key declining channel in place with resistance at $212 on the hourly chart of ETH\/USD. The pair may perhaps continue to slide towards the $206 support in the near term. On the upside, the channel resistance near $212 is important along with the 100 hourly SMA. The next resistance is the 23.6% Fib retracement level of the recent decline from the $223 high to $210 low. A proper close above the $212-213 zone is required for <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/07\/ethereum-price-analysis-eth-usd-breaks-key-resistance-230-next\/\" target=\"_blank\" rel=\"noopener\">buyers to take control<\/a>. If not, there is a risk of more declines towards $206 or $204.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-361850\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Ethereum7.png\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"899\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, ETH price is facing an uphill task near the $212-213 zone. Above $213, the next resistance is the 50% Fib retracement level of the recent decline from the $223 high to $210 low at $217.<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD is placed in the bearish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI is currently below the 50 level.<\/p>\n<p>Major Support Level \u2013 $206<\/p>\n<p>Major Resistance Level \u2013 $213<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/09\/ethereum-price-analysis-eth-usd-back-to-significant-support-at-206\/\" rel=\"nofollow\">Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Key Highlights ETH price failed to recover and it recently declined below the $214 support against the US Dollar. There is a key declining <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-analysis-eth-usd-back-to-significant-support-at-206\" title=\"Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":191651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-191648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Ethereum&#039;s price failed to recover and it recently declined below the $214 support against the US Dollar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206\" \/>\n<meta property=\"og:description\" content=\"Ethereum&#039;s price failed to recover and it recently declined below the $214 support against the US Dollar.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-09T06:28:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-21T19:19:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Ethereum7-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1828\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206\",\"datePublished\":\"2018-11-09T06:28:01+00:00\",\"dateModified\":\"2021-08-21T19:19:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648\"},\"wordCount\":334,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Ethereum7-1.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/191648\",\"name\":\"Ethereum Price Analysis: ETH\/USD Back To Significant Support At $206 - 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