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Ether Leeum price has been modified and tested for $ 2,500. ETH is now rising again and aims to go beyond the $ 2,600.
- Ether Leeum started correcting at $ 2,740 and tested $ 2,500.
- The price is more than $ 2,520 and a simple moving average of 100 hours.
- There is a major reduction channel or an optimistic flag that is formed by the ETH/USD chart (data feed through Kraken) for $ 2,575 resistance.
- In the short term, you can get power by eliminating $ 2,600 resistance.
Ether Leeum price is upside down
Ether Leeum prices struggled to organize $ 2,740 resistance and began the disadvantages of Bitcoin. ETH has been traded below $ 2,700 and $ 2,650.
The bear was able to raise the price below the level of 50% of the rising movement from the $ 2,415 swing to the lowest 2,735 height. The price surged even below $ 2,520, but the bull has been activated near the $ 2,500 zone.
The price was $ 2,735 height at $ 2,415 swing and found support near the level after 76.4% FIB. The ether is rising again from the $ 2,500 area.
Ether Leeum price is currently trading with more than $ 2,520 and a simple moving average of 100 hours. Conversely, the price seems to be facing obstacles near $ 2,575. There’s also a major reduction channel or an optimistic flag that is formed of a $ 2,575 resistance in the time chart of ETH/USD.
The next key resistance is close to $ 2,600. The first main resistance is close to $ 2,650. Clear movements of more than $ 2,650 can send the price to $ 2,735. If it rises from a $ 2,735 resistance, it may require more profits in the upcoming session. If specified, the ether can rise to $ 2,800 in the short term or to $ 2,920.
Another reduction in ETH?
If Ether Lee does not remove $ 2,600 resistance, a new reduction can begin. The initial support of the shortcomings is close to $ 2,525. The first main support is near $ 2,500.
Under $ 2,500 support, the price can be promoted with a $ 2,420 support. Loss is no longer a price of $ 2,350 in the short term. The next main support is $ 2,320.
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 -$ 2,500
Main resistance level -$ 2,600