Ethereum -Price found support for $ 2,460 and started a new increase. ETH is struggling now and can fall again under the support of $ 2,500.
- Ethereum started a considerable increase above the levels of $ 2,500 and $ 2,520.
- The price acts almost $ 2,550 and the 100-hour simple advancing average.
- There was a break under a connecting bullish trend line with support at $ 2,555 on the hourly table ETH/USD (data special via Kraken).
- The couple can increase losses if there is a movement below $ 2,500 support zone in the short term.
Ethereum -Price is reserved
Ethereum -Price started a new increase compared to the $ 2,460 support zone, such as Bitcoin. ETH price was able to recover above the resistance levels of $ 2,500 and $ 2,520.
The bulls pushed the price above the 23.6% FIB racement level of the downward movement of the $ 2,730 Swing high to $ 2,463 low. De Beren, however, were active near the $ 2,600 resistance zone. The price could not release $ 2,600 and responded to the disadvantage.
Ethereum price is now being traded near $ 2,550 and the 100-hour simple advancing average. There was a break under a connecting bullish trend line with support at $ 2,555 on the hourly table ETH/USD.
At the top the price can experience the resistance near the level of $ 2,580. The next key resistance is near the level of $ 2,600. It is close to the 50% FIB racement level of the downward movement of the $ 2,730 swing high to $ 2,463 low.
The first major resistance is near the level of $ 2,650. A clear movement above the $ 2,650 resistance can send the price to $ 2,720 resistance. An upward break above the $ 2,720 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,800 resistance zone or even $ 2,850 in the short term.
More losses in ETH?
If Ethereum did not know the resistance of $ 2,600, this can start a new decline. The first support at the disadvantage is near the level of $ 2,550. The first major support is near the $ 2,520 zone.
A clear movement under the support of $ 2,520 can push the price to $ 2,460 support. All losses can send the price in the short term to the support level of $ 2,420. The following key support is at $ 2,350.
Technical indicators
Hour MacD – The MACD for ETH/USD loses momentum in the bullish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Large support level – $ 2,520
Large resistance level – $ 2,600