{"id":5457,"date":"2020-11-15T06:28:54","date_gmt":"2020-11-15T06:28:54","guid":{"rendered":"https:\/\/www.newsbtc.com\/?p=449779"},"modified":"2020-11-15T06:28:54","modified_gmt":"2020-11-15T06:28:54","slug":"ethereum-dips-towards-440-remain-attractive-to-the-bulls","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/ethereum-dips-towards-440-remain-attractive-to-the-bulls\/","title":{"rendered":"Ethereum Dips Towards $440 Remain Attractive To The Bulls"},"content":{"rendered":"<p><em>Ethereum traded above the $450 resistance, but it is struggle near $480 against the US Dollar. ETH price is correcting gains, but it is likely to find strong bids near $440.<\/em><\/p>\n<ul>\n<li>ETH price traded to a new multi-month high near $478 against the US Dollar.<\/li>\n<li>The price is currently correcting lower below $465, but it is well above the 100 simple moving average (4-hours).<\/li>\n<li>There was a break below a key bullish trend line with support near $460 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is continue lower, but there is a major support waiting near the $440 and $435 levels.<\/li>\n<\/ul>\n<h2>Ethereum Price is Correcting Gains<\/h2>\n<p>This past week, <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-signaling-start-of-corrective-decrease-why-15k-is-the-key\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> and ethereum performed really well above $16,000 and $450 respectively against the US Dollar. ETH price even broke the $465 resistance and settled well above the 100 simple moving average (4-hours).<\/p>\n<p>It traded to a new multi-month high near $478 and recently started a downside correction. There was a break below the 23.6% Fib retracement level of the upward wave from the $425 swing low to $478 high. Moreover, there was a break below a key bullish trend line with support near $460 on the 4-hours chart of ETH\/USD.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12.png\"><img decoding=\"async\" loading=\"lazy\" width=\"1828\" height=\"868\" class=\"alignnone size-full wp-image-449780\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12.png\" alt=\"Ethereum Price\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12.png 1828w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12-460x218.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12-860x408.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12-768x365.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12-1536x729.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12-750x356.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/11\/Ethereum-12-1140x541.png 1140w\" sizes=\"(max-width: 1828px) 100vw, 1828px\"\/><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer\">ETHUSD on TradingView.com<\/a><\/pre>\n<p>Ether price is now holding the key $455 support zone. The 50% Fib retracement level of the upward wave from the $425 swing low to $478 high is also near the $461 level.<\/p>\n<p>If there is a downside break below the $451 and $450 support levels, the price could correct further lower. The next major support is near the $440 level since it is close to the 100 simple moving average (4-hours). Any further losses could lead the price towards the $425 swing low.<\/p>\n<h2>Fresh Increase in Ether (ETH)?<\/h2>\n<p>If Ethereum stays above the $450 support or the 100 SMA, there are high chances of a fresh increase. An initial resistance on the upside is near the $465 level.<\/p>\n<p>The first major resistance sits at $470, above which the price is likely to aim a break above the $478 high. In the stated case, the price is likely to accelerate higher towards the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-larger-rally-to-500\/\" target=\"_blank\" rel=\"noopener noreferrer\">$495 and $500 resistance levels<\/a> in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD &ndash; The MACD for ETH\/USD is slowly losing momentum in the bullish zone.<\/p>\n<p>4 hours RSI &ndash; The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level &ndash; $450<\/p>\n<p>Major Resistance Level &ndash; $465<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum traded above the $450 resistance, but it is struggle near $480 against the US Dollar. ETH price is correcting gains,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[283,73,111,113],"class_list":["post-5457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-crypto-news","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/5457"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=5457"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/5457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/5458"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=5457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=5457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=5457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}