Main navigation

Ethereum (ETH) Price Analysis for September 16

Advertisement
Fri, 16/09/2022 - 15:53
Ethereum (ETH) Price Analysis for September 16
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bears have continued their ongoing drop as none of the top 10 coins is going up.

Advertisement

Top coins by CoinMarketCap

ETH/USD

The rate of Ethereum (ETH) keeps falling after the recent Merge.

ETH/USD chart by TradingView

On the local chart, Ethereum (ETH) has made a false breakout of the hourly resistance level at $1,479. Currently, one needs to pay close attention to the support at $1,443. If the candle closes below it, the fall may continue to the important $1,400 mark.

ETH/USD chart by TradingView

On the bigger time frame, the price has almost touched the $1,420 mark against the increased volume. If the price comes back to it, one can expect a sharp drop to the $1,300 zone next week.

ETH/USD chart by TradingView

On the weekly chart, Ethereum (ETH) is looking bearish as bulls could not keep the rise after the last bullish candle. In this case, a closure near $1,424 could be the prerequisite for a further ongoing move to the $1,200 mark by the end of the month.

Ethereum is trading at $1,453 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD