Ethereum Trades below $180 after Hitting a 0.72% Fall

Fibo Quantum

  • Ethereum loses 0.72% to reach 179 USD (trades below 180 USD).
  • The next resistance may come at 184 USD in the upcoming few days.

Ethereum (ETH) has fallen below 180 USD after a day of strengthening and this 0.72% loss overnight has shocked the whole market as ETH has a reputation of being distinct from all other major coins.

Ethereum Price Analysis:

Ethereum’s journey started with the first swing that happened between 00:35 UTC and 02:09 UTC, where the price rose to 185.11 USD, marking the highest of the day. It was followed by a free fall of whopping 4.06% over the next 18 hours and 51 minutes and the price of ETH to USD fell to 177.59 USD. The next price shift started at 21:00 UTC and over the next 4 hours, it added 4.64 USD and the value reached as high as 182.23 USD.

The current market cap stands at 19.54 billion USD and it is down from the marked 19.67 billion USD in just one day.

Ethereum Price Chart
ETH Price Chart By TradingView

Ethereum’s 50-day average is above its 20-day average and the current ETH price trend is trying hard to catch up the two averages. The next few days may see marginal growth in the value and the next resistance may come at 185 USD only after is persistently trades above 180 USD.

Ethereum (ETH) Resistance and Support Levels
1st Resistance $184.54
2nd Resistance $187.06
3rd Resistance $189.77
1st Support Level $179.31
2nd Support Level $176.60
3rd Support Level $174.08
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