This article is also available in Spanish.
Price ethereum began a recovery wave higher than $ 2650. Eth shows positive signs and may aim to move higher than $ 2,880 resistance.
- Ethereum has started a decent ascending step over the $ 2650 region.
- The price is traded less than $ 2,850 and the simple moving average is 100 hours.
- There was a break over a short -term declining channel with resistance at $ 2,780 on the ETH/USD (data feeding across KAKEN).
- The husband can start a new decrease if it remains less than the level of $ 2,880.
ETHEREUM price gain gains
PRICE ETAREUM began the recovery wave after it decreased sharply to less than $ 2,500, and less than bitcoin performance. ETH tested $ 2,120 and recently started a decent ascending step.
The price was able to exceed the resistance levels of $ 2,550 and $ 2,650. It has even rose above the REErmester level of 50 % of the descending wave of 3,400 dollars to a height of $ 2,120. There was also a break over a short -term decline channel with resistance at $ 2780 on the ETH/USD.
ETHEREUM price is now trading to less than $ 2,850 and a simple moving average for 100 hours. In the upward direction, the price appears to face obstacles near the level of $ 2840 and a simple moving average of 100 hours.
The first main resistance is near the level of $ 2880. The main resistance is now approximately $ 2,920 or a 61.8 % FIB re -declining level for the descending wave of 3,400 dollars to the swing level of $ 2,120. It may send a clear step over 2920 dollars resistance to the $ 3,000 resistance.
The bullish trend break on $ 3,000 to make more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of $ 3,120 or even 3,250 dollars in the short term.
Another decrease in ETH?
If Ethereum fails to scan $ 2,840 resistance, another decrease may start. Initial support on the negative side is near the level of $ 2700. The first main support sits near the $ 2,640 area.
The clear step may lead to the support of $ 2,640 to pay the price towards $ 2550. Any other losses may send the price to the support level of $ 2550 in the short term. The next main support sits at $ 2,500.
Technical indicators
Every MACD watch – MACD is acquired for ETH/USD momentum in the upper area.
Every RSI watch – RSI for ETH/USD is now higher than 50 regions.
The main support level – $ 2,640
The main resistance level – $ 2,880
Comments are closed, but trackbacks and pingbacks are open.