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The price of Etherrium was supported for $ 2,500 and started a new increase. ETH is currently rising and aimed at moving beyond $ 2,750.
- Ether Lee has begun to increase higher than $ 2,550 and $ 2,620.
- The price is more than $ 2,540 and a simple moving average of 100 hours.
- The strong trend line is formed with the support of $ 2,550 in the ETH/USD chart (data feed through the KRAKEN) by time.
- In the short term, removing $ 2,750 resistance can help pairs.
Ether Leeum price gains strength
The price of Etherrium began a decent impression after Bitcoin was trading at the highest record. ETH Bulls has been activated near the $ 2,500 zone and has risen more than $ 2,600 resistance.
There were more than $ 2,620 and $ 2,650. The price has soared to more than $ 2,720. The highest is $ 2,731, and the price is currently consolidated after 23.6% FIB of $ 2,442 in a swing of $ 2,442.
The price of Etherrium is currently trading for $ 2,675 or more and 100 hours simple moving average. There is also a strong trend line that provides $ 2,550 support from the time chart of ETH/USD.
Conversely, the price can be faced with a resistance of nearly $ 2,740. The next key resistance is close to $ 2,750. The first main resistance is close to $ 2,800. Clear movements above $ 2,800 can be sent to $ 2,840 resistance.
The rise of more than $ 2,840 can require more profits in the upcoming session. If specified, the ether can rise to $ 2,920 in the short term or even $ 3,000.
Is DIP limited ETH?
If Ether Lee does not eliminate $ 2,750 resistance, a new reduction can begin. The initial support of the shortcomings is close to $ 2,675. The first main support is near $ 2,550 and near the trend line. From the lowest $ 2,442 swing to $ 2,731 height, it is close to 61.8% fib of the rise.
Clear movements below $ 2,550 can be promoted with a $ 2,500 support. Losss can no longer be priced at $ 2,450 in the short term. The next main support is $ 2,420.
Technical indicator
MACD per hour – The MACD of ETH/USD is gaining momentum from the strong zone.
RSI per hour – The RSI of ETH/USD now exceeds 50 zones.
Main support level -$ 2,550
Main resistance level -$ 2,740