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The price of Etherrium began to recover from the $ 1,750 area. ETH is currently integrated near the $ 1,920 resistance and is heading for obstacles.
- Ether Lee has begun to recover more than $ 1,850.
- The price is traded more than $ 1,950 and a simple moving average of 100 hours.
- There is a short -term weakness line with resistance to $ 1,920 in the ETH/USD chart (data feed through Kraken).
- The pair must start a decent increase by removing the resistance of $ 1,920 and $ 1,950.
Etherrium price is faced with obstacles
The price of Etherrium formed a foundation of more than $ 1,750 and started recovery as Bitcoin. ETH was able to clean $ 1,800 and $ 1,820 resistance.
Bulls has extracted the price more than $ 1,880. After 23.6% FIB of downward waves, the level returned from $ 2,150 to $ 1,752. But bears appear to be active near the $ 1,920 resistance area.
The price of Etherrium is now traded more than $ 1,950 and 100 hours of simple moving average. Conversely, the price seems to be facing obstacles near $ 1,920.
In addition, there is a short -term weakness line with a $ 1,920 resistance in the time chart of ETH/USD. The next key resistance is close to $ 1,950, or from $ 2,150 swing high to $ 1,752 at $ 2,150 with a $ 2,150 downward down wave.
The first main resistance is close to $ 2,000. Clear movements of more than $ 2,000 can be sent to $ 2,060 resistance. The rise of more than $ 2,060 can require more profits in the upcoming session. If specified, the ether can rise to $ 2,120 in the short term or to $ 2,250.
Another reduction in ETH?
If Ether Lee does not clean the $ 1,920 resistance, it can begin another reduction. The initial support of the shortcomings is close to $ 1,850. The first main support is near $ 1,800.
Clear movements below $ 1,800 can be promoted with a $ 1,750 support. Losss can no longer be priced at $ 1,720 in the short term. The next main support is $ 1,650.
Technical indicator
MACD per hour – The MACD of ETH/USD is losing its driving force in the weak zone.
RSI per hour – The RSI of ETH/USD now exceeds 50 zones.
Main support level -$ 1,800
Main resistance level -$ 1,920