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The price of Etherrium did not prevent $ 2,120 resistance and profit. ETH is now integrated and for obstacles near $ 2,000 resistance.
- Ether Lee has begun a new reduction to $ 2,000 from its main support.
- The price is traded less than $ 2,000 and a simple average moving average of 100 hours.
- In the ETH/USD chart for each time, a short -term reduction channel with a resistance for $ 1,880 is formed in the ETH/USD chart (data feed through KRAKEN).
- The pair must start a decent increase in order to erase the resistance of $ 1,880 and $ 1,950.
Ether Leeum price is going further
The price of Etherrium began a new drop in $ 2,120 resistance, such as Bitcoin. The ETH decreased below $ 2,000 to enter the weak area.
The bears have gained strength to move below $ 1,880. Finally, the bull appeared near the $ 1,750 zone. The minimum is formed at $ 1,753 and the price is now attempting to recover. There were more than $ 1,800 and $ 1,820 resistance level.
At $ 1,753 at $ 2,152, the lowest level of the downward movement was reversed after 23.6% FIB. The price of Etherrium is currently being traded more than $ 2,000 and 100 hours simple moving average.
Conversely, the price seems to be facing obstacles near $ 1,880. In the ETH/USD chart for each time, short -term reduction channels are formed with a $ 1,880 resistance. The next key resistance is close to $ 1,950.
From $ 2,152 to $ 1,753 at $ 1,753, the level is nearly $ 1,950 after 50% FIB. The first main resistance is close to $ 2,000. Clear movements of more than $ 2,000 can be sent to $ 2,120 resistance.
Over $ 2,120 resistance interruptions can require more profits in the upcoming session. If specified, the ether can rise to $ 2,250 in the short term or to $ 2,350.
Another fall of ETH?
Another reduction can begin if Ether Lee does not remove $ 1,880 resistance. The initial support of the shortcomings is close to $ 1,800. The first main support is near $ 1,750.
Clear movements below $ 1,750 can be promoted with $ 1,680 support. Losss can no longer be priced at $ 1,620 in the short term. The next main support is $ 1,550.
Technical indicator
MACD per hour – The MACD of ETH/USD is losing its driving force in the weak zone.
RSI per hour – The RSI of ETH/USD is now lower than Zone 50.
Major support levels -$ 1,750
Main resistance level -$ 1,880