{"id":32205,"date":"2022-10-16T14:48:02","date_gmt":"2022-10-16T14:48:02","guid":{"rendered":"https:\/\/egrowonline.com\/?p=32205"},"modified":"2022-10-16T14:48:02","modified_gmt":"2022-10-16T14:48:02","slug":"ethereum-price-analysis-eth-fails-to-break-1275-another-attempt-overnight","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=32205","title":{"rendered":"Ethereum price analysis: ETH fails to break $1,275, another attempt overnight?"},"content":{"rendered":"


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Ethereum<\/a> price analysis is bearish today as we have seen a strong decline over the past days, and support was found at $1,275. From there, ETH\/USD made a slight reaction higher, likely indicating that another attempt to break even lower will follow.<\/p>\n

\"Ethereum\"Ethereum
Cryptocurrency heat map. Source: Coin360<\/a><\/figcaption><\/figure>\n

The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 0.09 percent, while Ethereum 0.33 percent. The rest of the market followed close by.<\/p>\n

Ethereum price movement in the last 24 hours: Ethereum continued to test $1,275<\/span><\/h2>\n

ETH\/USD traded in a range of $1,268.47 to $1,288.71, indicating slight volatility over the last 24 hours. Trading volume has declined by 30.73 percent, totaling $5.97 billion, while the total market cap traded around $157.2 billion, resulting in market dominance of 17.15 percent.<\/p>\n

ETH\/USD 4-hour chart: ETH ready to continue lower?<\/span><\/h2>\n

On the 4-hour chart, we can see a slight higher reaction and consolidation over the past hours, likely leading to a lower spike later today.<\/p>\n

\"Ethereum\"Ethereum
ETH\/USD 4-hour chart. Source: TradingView<\/a><\/figcaption><\/figure>\n

Ethereum price<\/a> action continued to decline earlier this week, with ever-increasing momentum. After breaking past the $1,275 support, ETH\/USD spiked as low as the $1,200 support, where a massive reaction higher followed.<\/p>\n

From there, ETH swiftly moved higher, retracing over 12 percent to the $1,350 resistance. Therefore, a strong lower high was set, indicating that further downside will soon follow.<\/p>\n

Since then, Ethereum price action has declined with steady momentum<\/a>, leading back to the $1,275 support. Earlier today, a slight reaction higher was seen with low momentum, indicating that further downside will be tested over the next 24 hours.\u00a0<\/p>\n

Ethereum price analysis: Conclusion\u00a0<\/span><\/h2>\n

Ethereum price analysis<\/a> is bearish today as we have seen a steady decline over the past 24 hours and a slight reaction at the $1,275 support. Therefore, we expect ETH\/USD to continue even lower overnight and look to target the $1,250 support next.<\/p>\n

While waiting for Ethereum to move further, see our articles on Siacoin wallet<\/a>, Pi Wallet<\/a>, and LTC Wallet Review<\/a>.<\/p>\n

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Disclaimer.<\/strong> The information provided is not trading advice. Cryptopolitan.com<\/a> holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and\/or consultation with a qualified professional before making any investment decisions.<\/em><\/div>\n

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Ethereum price analysis is bearish today as we have seen a strong decline over the past days, and support was found at $1,275. From there, ETH\/USD made a slight reaction higher, likely indicating that another attempt to break even lower will follow. Cryptocurrency heat map. Source: Coin360 The market has traded in the red over […]<\/p>\n","protected":false},"author":1,"featured_media":32206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[14,4505,439,181,158,755,8110,195],"class_list":["post-32205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analysis","tag-attempt","tag-break","tag-eth","tag-ethereum","tag-fails","tag-overnight","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/Ethereum-Price-analysis-2022-10-16.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32205"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32205\/revisions"}],"predecessor-version":[{"id":32207,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32205\/revisions\/32207"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/32206"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32205"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}