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The price of Etherrium has begun a new decline in the $ 1,690 area. ETH is currently integrated and can be lower than the $ 1,580 support area.
- Ether Lee has begun a new reduction after failing to liquidate $ 1,700 and $ 1,720.
- The price is traded more than $ 1,620 and a simple average moving average of 100 hours.
- There was a break under the new connection trend line with the support of $ 1,625 in the time charts of ETH/USD (data feed through Kraken).
- Removing the $ 1,640 resistance area can begin a new increase.
Ether Leeum price is faced with rejection.
Etherrium prices have formed a foundation of more than $ 1,550 and have begun new growth, like Bitcoin. ETH has gained speeds exceeding $ 1,600 and $ 1,620 resistance.
The bull has even pumped the price than the $ 1,650 zone. The best was $ 1,690 and the price recently revised. There was a movement under the $ 1,640 support area. In addition, there was a break under the new connection trend line with the support of $ 1,625 on the ETH/USD chart per hour.
This price was tested after 50% FIB from $ 1,472 swing at $ 1,690. The price of Etherrium is currently being traded more than $ 1,625 and a simple 100 -hour simple moving average.
Conversely, the price seems to be facing obstacles near $ 1,620. The next key resistance is close to $ 1,640. The first main resistance is close to $ 1,650. Clear movements above $ 1,650 can be sent to $ 1,690 resistance.
The rise of more than $ 1,690 can require more profits in the upcoming session. If specified, the ether can rise to $ 1,750 in the short term to $ 1,800.
More losses of ETH?
Another reduction can begin if Ether Lee does not remove $ 1,640 resistance. The initial support of the shortcomings is close to $ 1,580. The first main support is nearly 61.8% of the rise from $ 1,555 and 61.8% FIB, and from $ 1,472 swing to $ 1,690.
Clear movements below $ 1,555 can be promoted by $ 1,525. Losss can no longer be priced at $ 1,450 in the short term. The next main support is $ 1,420.
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.
Main support level -$ 1,580
Main resistance level -$ 1,640