The price of Etherrium began to impress more than the $ 3,720 zone. ETH currently shows optimistic signs and can continue to rise to $ 3,850.
- Ether Lee has begun a new increase of more than $ 3,720.
- The price is more than $ 3,670, a simple 100 -hour simple moving average.
- There is a major strong trend line that provides $ 3,670 support in the ETH/USD chart (data feed through the KRAKEN).
- If it is supported by more than $ 3,650 in the short term, the pair may begin a new increase.
Ether Leeum price aims to impress more than $ 3,800
The price of Etherrium began to rise new than the $ 3,660 area, surpassing Bitcoin. ETH prices have gained speeds beyond the $ 3,720 resistance area remaining in a positive area.
The bull even pumped the price to more than $ 3,800. Finally, I tested a $ 3,860 area. The best was formed for $ 3,859 and the price recently revised some profits. From the lowest $ 3,481 swing to $ 3,859 height, there was a 50% fib of the rise and then moving below the level.
The price was tested after 61.8% FIB from the $ 3,481 swing to the lowest $ 3,859 height. Ether Leeum price is currently trading with more than $ 3,650 and a simple moving average of 100 hours. There is also a major trend line that provides $ 3,670 support from the ETH/USD chart.
Conversely, the price can be resisted near $ 3,770. The next key resistance is close to $ 3,800. The first main resistance is close to $ 3,850. Clear movements of more than $ 3,850 can send the price to $ 3,920.
Rising over $ 3,920 can require more profits in the upcoming session. If specified, the ether can rise to $ 4,000 in the short term or to $ 4,200.
Is the downside support in ETH?
If Ether Lee does not clean the $ 3,770 resistance, the disadvantage may begin. The initial support of the shortcomings is close to $ 3,670. The first main support is near $ 3,650.
Clear movements under the support of $ 3,620 can be promoted with a $ 3,550 support. Loss is no longer a price of $ 3,450 in the short term. The next main support is $ 3,320.
Technical indicator
MACD per hour – The MACD of ETH/USD is losing its driving force in the strong zone.
RSI per hour – The RSI of ETH/USD now exceeds 50 zones.
Main support level -$ 3,670
Main resistance level -$ 3,800