Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Este Artículo También Está Disponible and Español.
Ethereum -Price started a recovery wave above $ 1,820 zone. ETH is now consolidating and is confronted with obstacles near the $ 1,950 resistance.
- Ethereum started a recovery wave above the level of $ 1,820.
- The price acts under $ 1,920 and the 100-hour simple advancing average.
- There is a bearish trend line in the short term that forms with resistance at $ 1,900 on the hourly table ETH/USD (data feed via Kraken).
- The couple must delete the resistance levels of $ 1,900 and $ 1,950 to start a considerable increase.
Ethereum -Price is reserved
Ethereum -Price formed a base above the level of $ 1,760 and started a recovery wave, such as Bitcoin. ETH was able to erase the resistance levels of $ 1,820 and $ 1,850.
The bulls pushed the price above the $ 1,920 level. There was a movement above the 23.6% FIB racement level of the downward wave of the $ 2,150 swing high to $ 1,752 low. However, the bears seem to be active near the $ 1,950 resistance zone.
Ethereum price is now traded under $ 1,920 and the 100-hour simple advancing average. At the top the price seems to have to do with obstacles near the level of $ 1,900.
There is also a bearish trend line in the short term that forms with resistance at $ 1,900 on the ETH/USD per hour. The following key resistance is near the $ 1,950 level or the 50% FIB retracement level of the downward wave of the $ 2,150 swing high to $ 1,752 low.
The first major resistance is near the level of $ 1,990. A clear movement above the $ 1,990 resistance can send the price to the $ 2,050 resistance. An upward break above the $ 2,050 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,120 resistance zone or even $ 2,250 in the short term.
Another drop in ETH?
If Ethereum did not know the resistance of $ 1,950, this can start a new decline. The first support at the disadvantage is near the level of $ 1,845. The first major support is near the $ 1,800 zone.
A clear movement under the support of $ 1,800 can push the price to $ 1,750 support. All losses can send the price in the short term to the support level of $ 1,720. The following key support is at $ 1,650.
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 – $ 1,800
Main resistance level – $ 1,920