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NewsBTCNewsBTCTA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500TA: Bitcoin Price Struggles Near $54K, Why It Could Slide AgainIconic Trader Warns Bitcoin Holders Of Executive Order Banning GoldWhy March Is The Bloodiest Month In Bitcoin HistoryThree Reasons Why Metadata Privacy Is the Next Level Evolution Towards Data PrivacyLeading DeFi Projects to Follow in 2021A 15 y.o. boy Earns 0.5 BTC in One Day!Ethereum (ETH/USD) Falls 26% From Historic High; What’s Next?Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?Charted: Ripple (XRP) Rallies 20%, Why Dips Could Be Attractive

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

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