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Ethereum -price moves higher above $ 2,650 zone. ETH can get bullish momentum if it knew the $ 2,750 resistance zone.
- Ethereum started a new increase above the resistance level of $ 2,620.
- The price is traded above $ 2,650 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support at $ 2,640 on the hourly table ETH/USD (data daai via cracking).
- The couple can start a considerable upward movement if it settles above $ 2,750 and $ 2,800.
Ethereum Price Mogen Rise Stable
Ethereum -price remained supported above the level of $ 2,550, such as Bitcoin. ETH formed a basis and recently started a new increase above the resistance levels of $ 2,600 and $ 2,620.
The bulls pumped the pair above the 23.6% FIB retracement level of the downward correction of the $ 2,794 swing high to $ 2,614 low. The pair now moves higher above the level of $ 2,680. There is also an important bullish trend line that forms with support for $ 2,640 on the hourly table ETH/USD.
Ethereum price is now traded above $ 2,650 and the 100-hour simple advancing average. At the top the price seems to have to do with obstacles near the $ 2,700 level or the 50% FIB retracement level of the downward correction of the $ 2,794 swing high to $ 2,614 low.
The first major resistance is near the level of $ 2,750. The most important resistance is now almost $ 2,800 or $ 2,820. A clear movement above the $ 2,820 resistance can send the price to $ 2,920 resistance.
An upward break above the $ 2,920 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise in the short term to the $ 3,000 resistance zone or even $ 3,050.
Another decline of ETH?
If Ethereum did not know the resistance of $ 2,750, this can start a new decline. The first support for the disadvantage is near the level of $ 2,655 or 100 hours of 100 hours. The first major support is near the $ 2,620 zone or the trend line.
A clear movement under the support of $ 2,620 can push the price to $ 2,600 support. All losses can send the price in the short term to the support level of $ 2,550. The following key support is $ 2,440.
Technical indicators
Hour MacD – The MACD for ETH/USD is gaining force in the bullish zone.
Hour RSI – The RSI for ETH/USD is now above 50 zone.
Major support level – $ 2,620
Large resistance level – $ 2,750
