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Home»EXCHANGE NEWS»Ether Leeum Price -Upside Brake can cause rally upside brakes.
EXCHANGE NEWS

Ether Leeum Price -Upside Brake can cause rally upside brakes.

By Crypto FlexsApril 22, 20253 Mins Read
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Ether Leeum Price -Upside Brake can cause rally upside brakes.
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The price of Etherrium has begun to increase in the $ 1,550 area. ETH is currently rising and can try to recover more than $ 1,650.

  • Ether Lee has begun a new increase of more than $ 1,580 and $ 1,600.
  • The price is more than $ 1,600 and a simple moving average of 100 hours.
  • There was a break on the connected bearry trend line with a resistance of $ 1,590 in ETH/USD’s time charts (data feeds through Kraken).
  • Remove the $ 1,650 resistance zone can start a new increase.

Ether Leeum price is upside down

Etherrium prices have been stably maintained at more than $ 1,500 and have begun new growth like Bitcoin. ETH has traded more than $ 1,550 and $ 1,600 to enter the short -term positive area.

There was a break on the connected bearry trend line with a $ 1,590 resistance on the ETH/USD chart for each time. This pair cleared a $ 1,620 resistance. The highest is formed for $ 1,644 and the price is more stable than the 23.6% FIB reversal level from the $ 1,566 swing to $ 1,644.

The price of Etherrium is currently trading over $ 1,600 and 100 hours of simple moving average. Conversely, the price seems to be facing obstacles near $ 1,640. The next key resistance is close to $ 1,650. The first main resistance is close to $ 1,680.

Ether Leeum price
Source: TradingView.com Ethusd

Clear movements above $ 1,680 can send the price to $ 1,720 resistor. More than $ 1,720 resistance interruptions can require more profits in the upcoming session. If specified, the ether can rise to $ 1,800 resistance zone or $ 1,840 in the short term.

ETH’s downward correction?

If Ether Lee does not clean the $ 1,650 resistance, the disadvantage may begin. The initial support of the shortcomings is close to $ 1,620. The first main support is near the $ 1,605 zone and is at a 50% fib return level from $ 1,566 swing to $ 1,644.

Clear movements below $ 1,605 can be promoted with a $ 1,580 support. Loss is no longer a price of $ 1,550 in the short term. The next main support is $ 1,500.

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 -$ 1,600

Main resistance level -$ 1,650

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