The price of Etherrium was supported for $ 2,460 and started a new increase. ETH is currently struggling and can fall again than $ 2,500.
- Ether Lee has begun to increase higher than $ 2,500 and $ 2,520.
- The price is traded near $ 2,550 and 100 hours simple moving average.
- In the ETH/USD’s time chart (data feed through KRAKEN), there was a break under the strong trend line with $ 2,555 support.
- In the short term, you can extend your losses if there is a movement under the $ 2,500 support area.
Ether Leeum price is faced with resistance
The price of Etherrium has begun a new rise in the $ 2,460 support area, such as Bitcoin. ETH prices were able to recover more than $ 2,500 and $ 2,520.
BULLS has a higher price than a $ 2,730 swing high to $ 2,463 at $ 2,463. But the bear worked near the $ 2,600 resistance area. The price did not clear $ 2,600 and reacted to the decline.
The price of Etherrium is currently trading near $ 2,550 and 100 hours simple moving average. In the time chart of ETH/USD, there was a break under the strong trend line with $ 2,555 support.
Conversely, the price can be faced with nearly $ 2,580 resistance. The next key resistance is close to $ 2,600. It is close to the 50% FIB reversal level of downward movement from $ 2,730 to $ 2,463 at $ 2,730.
The first main resistance is close to $ 2,650. Clear movements of more than $ 2,650 can send the price to $ 2,720. Over $ 2,720’s resistance interference can require more profits in the upcoming session. If specified, the ether can rise to $ 2,800 in the short term or to $ 2,850.
More losses of ETH?
If Ether Lee does not remove $ 2,600 resistance, a new reduction can begin. The initial support of the shortcomings is close to $ 2,550. The first main support is near $ 2,520.
Clear movements below $ 2,520 can be promoted with $ 2,460 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 -$ 2,520
Main resistance level -$ 2,600