Coin Gabbar Token

After Ethereum failed to reach $1,700, it started a sharp decline against the dollar. ETH fell more than 8% and fell below the $1,540 support level.<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">Ethereum</a> has broken over the resistance levels of $1,620 and $1,650. However, ETH failed to break through the $1,700 resistance level. A high was made at $1,686 and a sharp bearish wave followed, similar to bitcoin.The price fell below the resistance levels of $1,620 and $1,600. On the hourly chart of ETH/USD, there was a break below a strong bullish trend line with support at $1,570. The pair also broke over the $1,540 support level as well as the 100 hourly simple moving average.Ether’s price has fallen below $1,500, reaching a low of $1,490. It is currently accumulating losses above the $1,500 barrier.According to<a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow"> price analysis</a>, Ethereum’s performance has declined in recent hours. According to the most recent data, it has lost 8.50% in the previous 24 hours. ETH is now trading in the $1,520 range. This coin’s market cap is estimated to be $185,237,671,307. The same coin’s 24-hour trading volume is around $21,667,936,608.The first major resistance is located at $1550. The next major barrier is located at $1,590. Any more gains might open the door for a move towards the $1,620 resistance in the near term. Above $1600, ETH faces serious resistance at the $1700 level.If ethereum fails to break through the $1,540 resistance level, it may continue to fall. On the downside, initial support is at $1,500. The next major support level is at $1,480. A closing below $1,480 might push the price of ether around $1,420. Any further losses might push the price down to $1,350.KEY LEVELS :RESISTANCE LEVEL : $1560-$1620SUPPORT LEVEL : $1480-$1420Get more cryptocurrency related updates on :-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cryptocurrency price update: ETHEREUM PRICE ANALYSIS : Will the Head and Shoulders pattern cause the price of ETH to fall?

Coingabbar

Other articles published on Sep 7, 2022

What is Ethereum? What Does It Do?

Cryptocurrency price update: SOLANA PRICE ANALYSIS : Sustain below bullish channel pattern,The Po...

Ethereum’s Bellatrix Upgrade Causes Nerves to Jangle

4 Ways to Earn with Mones

💰 STOP WASTING YOUR TRANSACTION FEE 💰

MONIWAR x CHAINPLAY

Join our free newsletter for daily crypto updates!