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Home»EXCHANGE NEWS»Investors are the main level of support of the eyes.
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Investors are the main level of support of the eyes.

By Crypto FlexsJune 6, 20253 Mins Read
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Investors are the main level of support of the eyes.
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The price of Etherrium began a new decline below the $ 2,550. ETH currently shows a few signs of weakness under the $ 2,500 pivot level.

  • Ether Lee has begun a new reduction of less than $ 2,550.
  • The price is more than $ 2,500, a simple move of 100 hours.
  • There was a break under the main rise channels that received $ 2,610 in the ETH/USD chart (data feed through the KRAKEN).
  • The pairs can be extended if they are traded below $ 2,400 in the short term.

Ether Leeum price integrates losses

The price of Etherrium began a new decline after not exceeding $ 2,650 like Bitcoin. The ETH price is lower than the support level of $ 2,565 and $ 2,550.

In addition, there was a break under the main rise channel, which received $ 2,610 in the ETH/USD chart per hour. The pair fell below the level of $ 2,500. The minimum is formed at $ 2,394 and the price is now integrated.

The price of Etherrium is currently being traded more than $ 2,500 and a simple 100 -hour moving average. Conversely, the price can be faced with a resistance of nearly $ 2,460. From $ 2,680 swing high to $ 2,394, it is close to the level of 23.6% FIB from downward movement.

The next key resistance is close to $ 2,500. The first main resistance is close to $ 2,540. It is close to the 50% FIB reversal level of downward movement at $ 2,394 at $ 2,680. Clear movements of more than $ 2,540 can send prices to $ 2,600.

Ether Leeum price
Source: TradingView.com Ethusd

The rise of more than $ 2,600 can require more profits in the upcoming session. If specified, the ether can rise to $ 2,650 in the short term or to $ 2,720.

More losses of ETH?

A new reduction can begin if Ether Lee does not clean the $ 2,500 resistance. The initial support of the shortcomings is close to $ 2,400. The first main support is near $ 2,380.

Clear movements below $ 2,380 can be promoted with a $ 2,350 support. Losss can no longer be priced at $ 2,320 in the short term. The next main support is $ 2,250.

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 -$ 2,320

Main resistance level -$ 2,500

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