The price of Etherrium began to recover more than $ 2,650. ETH is currently struggling to organize $ 2,880 and $ 2,920 resistance.
- Ether Leeum began upward measures beyond the $ 2,620 zone.
- The price is traded less than $ 2,750 and a simple average moving average of 100 hours.
- In terms of ETH/USD chart (data feed through Kraken), there was a break under the main strong trend line with $ 2,800 support.
- If the pair is maintained for less than $ 2,800, you can start a new reduction.
Ether Leeum price recovery can soon disappear.
The price of Etherrium began to recover more than $ 2,550, like Bitcoin. ETH was able to surpass $ 2,600 and $ 2,620 resistance to move to short -term positive areas.
This price was able to surpass 50% fiber from the $ 3,400 swing high to $ 2,120. But bears appear to be lower than $ 2,880 and $ 2,920 resistance. The price is falling again.
In the hourly chart of ETH/USD, there was a break under the main optimistic trend line with $ 2,800 support. The price of Etherrium is currently being traded more than $ 2,800 and a simple 100 -hour moving average.
Conversely, the price appears to be faced with an obstacle near the $ 2,770 level and 100 hours simple moving average. The first main resistance is close to $ 2,800. The main resistance is now forming a 61.8% FIB reversal level of downward waves, from $ 3,400 swing high to $ 2,120 swing near $ 2,920. Clear movements of more than $ 2,920 can send the price to $ 3,000.
More than $ 3,000 resistance interruptions can require more profits in the upcoming session. If specified, the ether can rise in the short term to $ 3,050 resistance zones or $ 3,120.
More losses of ETH?
Another decrease can begin if Ether Lee does not eliminate $ 2,800 resistance. The initial support of the shortcomings is close to $ 2,630. The first main support is near $ 2,600.
Clear movements below $ 2,600 can be promoted with a $ 2,500 support. Loss is no longer a price of $ 2,420 in the short term. The next main support is $ 2,350.
Technical indicator
MACD per hour – The MACD of ETH/USD is losing its driving force in the strong zone.
RSI per hour – The RSI of ETH/USD is now lower than Zone 50.
Major support levels -$ 2,630
Main resistance level -$ 2,800