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The price of Etherrium began a new decline in a $ 2,780 resistance area. ETH is currently being traded at less than $ 2,650 and can continue to fall.
- Ether Lee has started modifying the disadvantages of less than $ 2,700.
- The price is more than $ 2,650 and a 100 -hour simple moving average.
- There was a break under the main strength of $ 2,625 in the ETH/USD chart (data feed through Kraken) by time.
- The pairs can be extended if they are traded below $ 2,550 in the short term.
Ether Leeum price drops again
Ether Leeum price began to hit Bitcoin in a $ 2,550 support area. ETH prices were able to recover more than $ 2,650 and $ 2,750 before the bear appeared.
The best is formed for $ 2,787 and the price is now fixed. There was a movement below $ 2,700. The price fell below the $ 2,463 swing to the lowest $ 2,787 height, and then returned to the level after 50% FIB.
The price of Ether Lee is currently being traded more than $ 2,650 and a simple average moving average of 100 hours. In addition, there was a break under the main strong trend line formed by $ 2,625 in the ETH/USD chart per hour.
Conversely, the price can be faced with nearly $ 2,625 resistance. The next key resistance is close to $ 2,650. The first main resistance is close to $ 2,720. Clear movements of more than $ 2,720 can send the price to $ 2,780.
The rise of more than $ 2,780 can require more profits in the upcoming session. If specified, the ether can rise to $ 2,880 in the short term or to $ 2,950.
More losses of ETH?
New reductions may begin if Ether Lee does not clean $ 2,650 resistance. The initial support of the shortcomings is close to $ 2,600. The first main support is near $ 2,550. It is close to the level after 76.4% fib of the rise from $ 2,787 to $ 2,787 in a $ 2,463 swing.
Clear movements below $ 2,550 can be promoted with a $ 2,500 support. Loss is no longer a price of $ 2,440 in the short term. The following main support is $ 2,400.
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 -$ 2,550
Main resistance level -$ 2,650