Ether Leeum priced began to decline under the $ 4,550 zone. ETH has a slight sign of significant signs and can be reduced to a $ 4,120 support area.
- Ether Lee has begun a new reduction of less than $ 4,550 and $ 4,420.
- The price is more than $ 4,450 and a 100 -hour simple moving average.
- In the ETH/USD chart (data feed through Kraken) by time, a weakly trend line is formed with a $ 4,450 resistance.
- In the short term, if you settle below $ 4,200, the pair can continue to fall.
Ether Leeum price drops again
The price of Etherrium has not recovered from $ 4,650, like Bitcoin, and has begun a new reduction. ETH Price has a weak momentum and has been traded under the $ 4,450 support area.
The bears were able to promote the price below the $ 4,350 support area. Finally, the price was tested for $ 4,220. The minimum is formed at $ 4,228 and the price is currently attempting to recover. It was higher than the 23.6%FIB, which fell to $ 4,228 in the last $ 4,581 swing.
The price of Etherrium is currently being traded below $ 4,450 and less than 100 hours of simplicity. Conversely, the price can be resisted near $ 4,375. The next key resistance is close to $ 4,400. It is close to 50% FIB, which has fallen from $ 4,228 to $ 4,228 in the last $ 4,581 swing.
The first main resistance is close to $ 4,450. There is also a weak trend line that is formed by a $ 4,450 resistance in the ETH/USD chart for each time. Clear movements of more than $ 4,450 can send prices to $ 4,550.
The rise of more than $ 4,550 can require more profits in the upcoming session. If specified, the ether can rise to $ 4,650 in the short term or to $ 4,720.
More losses of ETH?
If Ether Lee does not remove $ 4,400 resistance, it can continue to fall. The initial support of the shortcomings is close to $ 4,220. The first main support is near $ 4,200.
Under $ 4,200 support, clear movements can be promoted with $ 4,150 support. Loss is no longer a price of $ 4,050 in the short term. The next main support is $ 4,000.
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 -$ 4,200
Main resistance level -$ 4,400