Live Markets, Charts & Financial News

Key Hurdles Blocking Its Path?

1

This article is also available in Spanish.

I struggle the ETHEREUM price to continue above $ 3,350 and decrease. ETH is now correcting losses and may face resistance near the $ 3220 region.

  • Ethereum has started a new decrease less than the $ 3220 resistance area.
  • The price is traded less than $ 3200 and the simple moving average is 100 hours.
  • There is a major landing line formed with resistance at 3,270 dollars on the ETH/USD (data feeding across Kraken).
  • The husband can start another decrease if it remains less than the level of $ 3300.

Ethereum price has decreased more

Price ethereum has started a new decrease from $ 3,320 and $ 3220, such as Bitcoin. ETH decreased to less than $ 3,050 before the bulls appeared.

A decrease has been formed at $ 3,021 and prices are now correcting losses. There was a step higher than $ 3,050 and $ 3,120. The price exceeds 23.6 % of the transition to the bottom of the alternative of $ 3,427 to a low level of $ 3,021.

The ETHEREUM price is now trading to less than $ 3,220 and the simple moving average for 100 hours. In the upward direction, the price appears to face obstacles near the level of $ 3220 or the level of FIB by 50 % of the transfer to the bottom of the alternative of $ 3,427 to $ 3,021.

The first main resistance approaches the level of $ 3,250. There is also a major downward trend line that is formed with resistance at $ 3,270 on the ETH/USD. The main resistance is now formed near $ 3,300.

source: Ethusd on TradingView.com

You may send a clear step over $ 3,300 to resist $ 3350. The climbing break on $ 3,350 may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of ​​$ 3420 or up to $ 3500 in the short term.

Another decrease in ETH?

If Ethereum fails to scan $ 3220 resistance, you may start to decrease another. Initial support on the downside is near the level of $ 3,120. The first main support sits near $ 3,050.

The clear step may lead to 3,050 dollars to pay the price towards $ 3,020 support. Any other losses may send the price to the support level of $ 3,000 in the short term. The next main support sits at $ 2,950.

Technical indicators

Every MACD watchMACD for ETH/USD loses momentum in the Habboudia area.

Every RSI watchRSI for ETH/USD is now higher than 50 regions.

The main support level – $ 3,120

The main resistance level – $ 3220

Comments are closed, but trackbacks and pingbacks are open.