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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.
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