{"id":282954,"date":"2021-02-10T18:14:36","date_gmt":"2021-02-10T23:14:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=282954"},"modified":"2021-02-10T18:14:36","modified_gmt":"2021-02-10T23:14:36","slug":"eth-usd-market-65","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eth-usd-market-65","title":{"rendered":"Ethereum Price Prediction: ETH\/USD Moves below $1800 as Price Holds Risk of Downside Breakout"},"content":{"rendered":"

ETH Price Prediction \u2013 February 10<\/strong><\/p>\n

ETH\/USD moves below the key supports as the market price may continue to move down towards $1500.<\/p>\n

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

Key Levels:<\/p>\n

Resistance levels: $2100, $2200, $2300<\/p>\n

Support levels: $1500, $1400, $1300<\/p>\n

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

As the market opens today, after touching the high of $1839 level, ETH\/USD<\/a> has been dropping with a bearish bias. The coin opens at $1771 and it is currently dropping below the $1750 level. However, Ethereum price did start a nasty decline and broke many supports near $1600. The price could correct higher, but it is likely to face sellers below the 9-day moving average.<\/p>\n

What to Expect from Ethereum (ETH)<\/h4>\n

On the downside, there is a close below the $1600 level as the coin moves towards the 9-day and 21-day moving averages. As a matter of fact, dropping below the 9-day moving average could open the doors for more losses and the price may tumble below the $1550 level. More so, should it spike below the lower boundary of the channel, the critical support levels of $1500, $1400, and $1300 may be tested as the technical indicator RSI (14) moves below the 70-level.<\/p>\n

However, ETH\/USD could either recover above $1750 or extend its decline. On the upside, the next major resistance is near the $1800 level. Meanwhile, the price needs to climb above the $2100, $2200, and $2300 resistance levels to move back into a positive zone. If not, there is a risk of more downsides below the channel.<\/p>\n

When compares with Bitcoin, the daily chart shows that Ethereum price is trading well within the channel. Meanwhile, as soon as the price goes above the moving averages, there is a possibility that additional benefits will be obtained in the long term. The next resistance key above 4200 SAT but if the price keeps rising; it could even break the 4400 SAT and above in future sessions.<\/p>\n

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

Moreover, if the bears regroup now, the 3500 SAT and 3300 SAT may play out before rolling to a critical supports at 3100 SAT and this may create a new monthly low for the coin. However, the daily outlook is upward movement as the RSI (14) is moving above the 45-level to enhance the bullish movement.<\/p>\n","protected":false},"excerpt":{"rendered":"

ETH Price Prediction \u2013 February 10 ETH\/USD moves below the key supports as the market price may continue to move down towards $1500. ETH\/USD Market […]<\/a><\/div>","protected":false},"author":1742,"featured_media":282955,"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-282954","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 Moves below $1800 as Price Holds Risk of Downside Breakout<\/title>\n<meta name=\"description\" content=\"ETH\/USD moves below the key supports as the market price may continue to move down towards $1500.\" \/>\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\/282954\" 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