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The price of Etherrium is low in the $ 2,800 area. If you fall below the $ 2,650 support area, ETH will get a weak momentum.
- Ether Lee has begun a new reduction of less than $ 2,720.
- The price is more than $ 2,700 and a simple moving average of 100 hours.
- In ETH/USD’s time chart (data feed through KRAKEN), there was a break under the main optimistic trend line with $ 2,680 support.
- The pair can start upward moving by settling more than $ 2,700 and more than $ 2,720.
Ether Leeum price drops again
Etherrium prices have tried to increase more than $ 2,650, like Bitcoin. ETH broke the $ 2,720 resistance, but could not clean the $ 2,800 resistance area.
The best was $ 2,791 and the price began a new decline. There was a movement below the level of support of $ 2,750 and $ 2,720. The price fell below the $ 2,614 swing to the lowest $ 2,791 height and then returned to the level after 50% FIB.
In addition, with the support of $ 2,680 on the time chart of ETH/USD, there was a break under the main optimistic trend line. The price of Ether Lee is currently being traded below $ 2,700 and less than 100 hours of simplicity.
However, we are currently looking for bidding near the level of 76.4% FIB from $ 2,614 swing to $ 2,791. Conversely, the price seems to be facing obstacles near $ 2,680. The first main resistance is close to $ 2,720.
The main resistance is currently formed near $ 2,780 or $ 2,800. Clear movements above $ 2,800 can be sent to $ 2,880 resistance. The rise of more than $ 2,880 can require more profits in the upcoming session. If specified, the ether can rise to the $ 3,000 resistance zone or $ 3,050 in the short term.
More losses of ETH?
Another reduction can begin if Ether Lee does not eliminate $ 2,720 resistance. The initial support of the shortcomings is close to $ 2,655. The first main support is near $ 2,615.
Under the support of $ 2,615, clear movements can be promoted by $ 2,550. Losss can no longer be priced at $ 2,500 in the short term. The next main support is $ 2,440.
Technical indicator
MACD per hour – MACD of ETH/USD is gaining momentum from the weak zone.
RSI per hour – The RSI of ETH/USD is now lower than Zone 50.
Major support levels -$ 2,650
Main resistance level -$ 2,720