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https://www.newsbtc.com Bitcoin & cryptocurrency news today, price & technical analysis Tue, 23 Feb 2021 03:37:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.2 https://www.newsbtc.com/wp-content/uploads/2020/06/cropped-cropped-cropped-favicon-32×32.png https://www.newsbtc.com 32 32 https://www.newsbtc.com/analysis/eth/ethereum-eth-could-decline-to-1500/ Tue, 23 Feb 2021 05:18:46 +0000 https://www.newsbtc.com/?p=457353 Ethereum started a sharp decline below $1,850 against the US Dollar. ETH price spiked towards $1,500 and it is currently struggling to stay above $1,650.
Ethereum declined heavily after it broke the $1,850 and $1,750 support levels. The price is now trading well below $1,800 and the 100 hourly simple moving average. There was a break below a crucial bullish trend line with support near $1,865 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $1,650 support. Ethereum Price is Showing Bearish Signs
Ethereum started a strong decline after it failed to stay above $2,000. ETH broke many important supports near $1,850 and $1,800 to move into a short-term bearish zone, similar to bitcoin.
There was also a break below