{"id":253937,"date":"2020-03-16T11:53:37","date_gmt":"2020-03-16T15:53:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=253937"},"modified":"2020-03-16T11:53:37","modified_gmt":"2020-03-16T15:53:37","slug":"ethereum-price-prediction-eth-usd-is-vulnerable-to-new-sell-off-below-100","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-usd-is-vulnerable-to-new-sell-off-below-100","title":{"rendered":"Ethereum Price Prediction: ETH\/USD Is Vulnerable to New Sell-Off Below $100"},"content":{"rendered":"

ETH Price Prediction \u2013 March 16<\/strong><\/p>\n

Ethereum price is likely to lose ground towards $100 but the recovery above $125 will help to mitigate the initial pressure.<\/p>\n

ETH\/USD Market<\/h4>\n

Key Levels:<\/p>\n

Resistance levels: $190, $195, $200<\/p>\n

Support levels: $38, $33, $28<\/p>\n

\"\"<\/a>
ETHUSD – Daily Chart<\/figcaption><\/figure>\n

Currently, ETH\/USD<\/a> displays just enough power to defend the support at $100. All the attempts made towards recovery since the dip to $90 have bowed to the selling activity under $120. At the time of writing, ETH\/USD is trading at $108 after a 12.9% loss on the day. In the short term, bearish momentum is very likely especially if the bulls fail to hold the price above $100 and the support at the lower side of the channel is broken.<\/p>\n

Ethereum has dropped by a steep 18% over the past 10-days of trading after it rolled over from resistance at $250 from the start of the last 2 weeks. On March 13, ETH\/USD continued to drop further lower until finding some recent support at a downside level at around $89.06 and has allowed the buyers to start the battle to try and push higher.<\/p>\n

At the moment, the coin is still following the downward movement but if the bulls can ignore the fear and enter the market, traders could experience growth above $130 but the gains may not be able to break the resistance at $170 due to the present movement of the technical indicator. Meanwhile, if the selling pressure continues to drive ETH\/USD beneath $100, support can then be located at $38, $33 and $28 levels.<\/p>\n

Toward the upside, the first level of resistance lies at $170. Above this, other resistance lies at $190, $195 and $200 while the technical indicator RSI (14) faces the oversold zone.<\/p>\n

Against Bitcoin, the Ethereum price keeps following the downward trend within the channel as the bears are still dominating the market. ETH\/BTC is currently trading at 0.0225 BTC as the bears are pushing the market to the south. As it stands now, the coin may likely reach the support levels at $0.020 BTC and beyond since the RSI (14) is moving below 40-level.<\/p>\n

\"\"<\/a>
ETHBTC – Daily Chart<\/figcaption><\/figure>\n

However, looking at the daily chart, if the 0.0220 BTC can act as a solid line of defense against any further downtrend; the market may experience a buying pressure at 0.0200 BTC and above.<\/p>\n

Please note:<\/strong> Insidebitcoins.com<\/a> is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ETH Price Prediction \u2013 March 16 Ethereum price is likely to lose ground towards $100 but the recovery above $125 will help to mitigate the […]<\/a><\/div>","protected":false},"author":1742,"featured_media":253938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7600,5982,8045,7992],"class_list":["post-253937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-eth","tag-ethereum","tag-ethusd","tag-technical-analysis"],"acf":[],"yoast_head":"\nEthereum Price Prediction: ETH\/USD Is Vulnerable to New Sell-Off Below $100<\/title>\n<meta name=\"description\" content=\"Ethereum price is likely to lose ground towards $100 but the recovery above $125 will help to mitigate the initial pressure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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