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Ether Leeum price began to recover from a $ 2,000 support area. ETH is currently rising and aimed at moving beyond $ 2,350.
- Ether Lee has begun a new upward measure over the $ 2,220 support area.
- The price is more than $ 2,220 and a simple moving average of 100 hours.
- There is a major rise channel with $ 2,200 from the ETH/USD chart (data feed through Kraken).
- This pair must start a decent increase by removing the resistance of $ 2,275 and $ 2,350.
Ether Leeum price is a comeback
The price of Etherrium has begun a new decline of less than $ 2,350, like Bitcoin. ETH has gained weaker exercise, which is lower than the support level of $ 2,220 and $ 2,250.
The minimum is formed at $ 2,003 and the price is now attempting to recover. There were more than $ 2,150 and $ 2,200 resistance level. Even at $ 2,550 swing high, I tested 50% FIB reversal levels for downward movements.
Ether Leeum price is currently trading with more than $ 2,200 and a simple moving average of 100 hours. There are also major uphill channels that provide $ 2,200 support on ETH/USD charts. Conversely, the price seems to be facing obstacles near $ 2,275.
The first main resistance is close to $ 2,340 and is close to 61.8% FIB reversal levels from $ 2,003 at $ 2,550 to $ 2,003. Clear movements above $ 2,340 can send the price to $ 2,420 resistance.
More than $ 2,420 resistance interruptions can require more profits in the upcoming session. If specified, the ether can rise to $ 2,500 in the short term or to $ 2,550.
Another fall of ETH?
Another reduction may begin if Ether Lee does not clean the $ 2,275 resistance. The initial support of the shortcomings is close to $ 2,240. The first main support is near $ 2,220.
Clear movements below $ 2,130 can be promoted with a $ 2,080 support. Losss can no longer be priced at $ 2,050 in the short term. The next main support is $ 2,000.
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 -$ 2,220
Main resistance level -$ 2,275