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The price of Etherrium began another decline and was traded below $ 1,850. ETH is now integrating and facing major obstacles near $ 1,850.
- Ether Lee has struggled to maintain a higher score than the $ 1,980 resistance.
- The price is more than $ 1,860 and a simple moving average of 100 hours.
- There was a break on the connection bare rish trend line with a resistance of $ 1,810 in the ETH/USD chart (data feed through Kraken) by time.
- This pair must begin the appropriate increase in order to erase the resistance of $ 1,850 and $ 1,880.
Ether Leeum Price tries to recover
The price of Etherrium did not continue to maintain more than $ 2,050 and started another reduction, such as Bitcoin. The ETH was lower than the support level of $ 1,880 and $ 1,850.
I tested the $ 1,765 zone. The minimum is formed for $ 1,767 and the price has recently begun to recover. The price has risen more than $ 1,800. After 23.6% FIB of downward movement, the level was returned from $ 2,033 to $ 1,767.
In addition, the ETH/USD time chart was more relaxed than the connection bearry trend line with a $ 1,810 resistance. The price of Etherrium is currently being traded more than $ 1,860 and a simple 100 -hour moving average.
Conversely, the price seems to be facing obstacles near $ 1,850. The next key resistance is close to $ 1,860. The first main resistance is nearly $ 1,900, and from $ 2,033 to $ 1,767, the lowest level is 50% FIB.
Clear movements above $ 1,900 can send the price to $ 2,000. The rise of more than $ 2,000 can require more profits in the upcoming session. If specified, the ether can rise to $ 2,050 in the short term or to $ 2,120.
Another reduction in ETH?
Another reduction can begin if Ether Lee does not eliminate $ 1,850 resistance. The initial support of the shortcomings is close to $ 1,800. The first main support is near $ 1,780.
Clear movements below $ 1,780 can be promoted by $ 1,765. Losss can no longer be priced at $ 1,710 in the short term. The next main support is $ 1,665.
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 now exceeds 50 zones.
Main support level -$ 1,800
Main resistance level -$ 1,850