Ethereum Price began a new increase compared to the $ 2,080 area. ETH is now back above $ 2,400 and facing obstacles near $ 2,550.
- Ethereum began a decent increase above the $ 2,350 resistance zone.
- The price is negotiated above $ 2,350 and the mobile average at 100 hours.
- There was a break above a wrestling tendency line with resistance at $ 2,240 on the ETH / USD hourly table (data flow via Kraken).
- The pair must erase the resistance levels of $ 2,500 and $ 2,550 to continue higher.
Ethereum Price Rallies 10%
Ethereum extended price of losses less than $ 2,200 before the appearance of Bulls, as Bitcoin. ETH tested the $ 2,080 area and recently started a sharp increase. There was a decision above the resistance levels of $ 2,200 and $ 2,320.
There was a break above a wrestling tendency line with resistance at $ 2,240 on the ETH / USD hourly table. The pair even jumped above the resistance level of $ 2,500. A summit was formed at $ 2,550 and the price now corrects certain gains.
There was a movement below the FIB retracement level of 23.6% of the swing movement of $ 2,173 at a level of $ 2,550. Ethereum Price is now negotiated above $ 2,350 and the Simple mobile average at 100 hours.
Uplining, the price seems to be confronted with obstacles near the level of $ 2,500. The first major resistance is close to the level of $ 2,520. The main resistance is now formed almost $ 2,550. A clear decision above the resistance of $ 2,550 could send the price to the resistance of $ 2,650.
An upward break above the resistance of $ 2,650 could require more gains in future sessions. In the case indicated, ether could increase to the resistance zone of $ 2,780, or even $ 2,850 in the short term.
Another drop in eth?
If Ethereum fails to erase the resistance of $ 2,550, this could start another drop. The initial support for the decline is close to the level of $ 2,400. The first major medium is near the $ 2,360 area or the FIB trace level at 50% of the upward transformation of $ 2,173 at $ 2,550.
A clear decision below $ 2,360 support could push the price to the $ 2,320 support. Other losses could send the price to the level of support of $ 2,220 in the short term. The following key support is at $ 2,080.
Technical indicators
Schedule macD – The MacD for ETH / USD loses its momentum in the bullish area.
House – The RSI for ETH / USD is now greater than zone 50.
Major support level – $ 2,360
Major resistance level – $ 2,550
(tagstotranslate) Ethbtc (T) Ethereum (T) Ethusd (T) Ethusdt
