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Home»EXCHANGE NEWS»Is Ether Lee’s price again a panic or buying opportunity?
EXCHANGE NEWS

Is Ether Lee’s price again a panic or buying opportunity?

By Crypto FlexsApril 16, 20253 Mins Read
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Is Ether Lee’s price again a panic or buying opportunity?
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The price of Etherrium has begun a new decline in the $ 1,690 area. ETH is currently integrated and can be lower than the $ 1,580 support area.

  • Ether Lee has begun a new reduction after failing to liquidate $ 1,700 and $ 1,720.
  • The price is traded more than $ 1,620 and a simple average moving average of 100 hours.
  • There was a break under the new connection trend line with the support of $ 1,625 in the time charts of ETH/USD (data feed through Kraken).
  • Removing the $ 1,640 resistance area can begin a new increase.

Ether Leeum price is faced with rejection.

Etherrium prices have formed a foundation of more than $ 1,550 and have begun new growth, like Bitcoin. ETH has gained speeds exceeding $ 1,600 and $ 1,620 resistance.

The bull has even pumped the price than the $ 1,650 zone. The best was $ 1,690 and the price recently revised. There was a movement under the $ 1,640 support area. In addition, there was a break under the new connection trend line with the support of $ 1,625 on the ETH/USD chart per hour.

This price was tested after 50% FIB from $ 1,472 swing at $ 1,690. The price of Etherrium is currently being traded more than $ 1,625 and a simple 100 -hour simple moving average.

Conversely, the price seems to be facing obstacles near $ 1,620. The next key resistance is close to $ 1,640. The first main resistance is close to $ 1,650. Clear movements above $ 1,650 can be sent to $ 1,690 resistance.

Ether Leeum price
Source: TradingView.com Ethusd

The rise of more than $ 1,690 can require more profits in the upcoming session. If specified, the ether can rise to $ 1,750 in the short term to $ 1,800.

More losses of ETH?

Another reduction can begin if Ether Lee does not remove $ 1,640 resistance. The initial support of the shortcomings is close to $ 1,580. The first main support is nearly 61.8% of the rise from $ 1,555 and 61.8% FIB, and from $ 1,472 swing to $ 1,690.

Clear movements below $ 1,555 can be promoted by $ 1,525. Losss can no longer be priced at $ 1,450 in the short term. The next main support is $ 1,420.

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 -$ 1,580

Main resistance level -$ 1,640

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