The ether price fell sharply and is quoted below the $540 support level.
There is a pairing bearish trend line forming on the hourly chart with resistance at $560 an ounce
The Ethereum price fell sharply against the US dollar and Bitcoin. ETH tested close to $500 and is currently in a bearish zone.
Technical Indicators Signals for the Bitcoin trader
Ether fell significantly from the 600 dollar mark. The price fell by more than $100 and fell below https://www.onlinebetrug.net/en/bitcoin-trader/ many support zones. Ethereum fell below the support levels of $570, $540 and $525. Nearly the $500 mark was tested. An upward correction is currently underway that could take the price towards the $540 level. There is a connecting bearish trend line forming on the hourly chart with resistance at $560 an ounce.
Ethereum code Price Analysis
Looking at the chart, the Ethereum code may correct by a few points in the short term, but could face many barriers close to $540 and $560 an ounce. On the downside, the recent low of $506 is a short-term support. The MACD is strongly in a bearish zone. The RSI is currently near the oversold level and does not appear to be recovering yet. The highest support level is at $500, while resistance is at $560 an ounce.
Ripple Price Highlights
The Ripple fell sharply, breaking through support levels at $0.65 and $0.62 against the US dollar.
There was a breach below a large bullish trend line on the hourly chart with support at $0.66
The Ripple price crashed and broke many supports against the US dollar and Bitcoin.
Technical Indicators Signals
There has been a strong downward movement in the last few hours. The price collapsed and breached many supports. There was a break below $0.6000 an ounce. The current price trend is bearish with a negative trend. During the fall there was a breach below a large bullish trend line with support at $0.66 on the hourly chart. A low was formed near the $0.5550 level. However, buyers surfaced and were able to prevent further losses. At the moment, the price is correcting higher and is trading at $0.5800.