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Ethereum -Price started a new increase compared to the $ 2,120 zone. ETH is now more than 8% and can experience resistance near the $ 2,460 zone.
- Ethereum started a new upward movement above the level of $ 2,200.
- The price is traded above $ 2,250 and the 100-hour simple advancing average.
- There was a break over an important bearish trend line with resistance at $ 2,240 on the hourly table ETH/USD (data feed via Kraken).
- The couple could start a new increase if it settles above the $ 2,460 resistance zone in the near term.
Ethereum -Price again traction
Ethereum -Price started a new increase compared to the support level of $ 2,120, such as Bitcoin. ETH price was able to erase the resistance levels of $ 2,200 and $ 2,250 to go to a positive zone.
By the way, there was a break over an important bearish trend line with resistance at $ 2,240 on the ETH/USD card per hour. The bulls even pushed the price above the 61.8% FIB retracement level of the downward movement of the $ 2,568 swing high to $ 2,114 low.
Ethereum price is now traded above $ 2,300 and the 100-hour simple advancing average. At the top the price can experience the resistance near the level of $ 2,440. The next key resistance is near the level of $ 2,460. It is close to the 76.4% FIB racement level of the downward movement of the $ 2,568 Swing high to $ 2,114 low.
The first major resistance is near the level of $ 2,500. A clear movement above the $ 2,500 resistance can send the price to the $ 2,550 resistance. An upward break above the $ 2,550 resistance can request more profit in the upcoming sessions. In the indicated case, Ether could rise to the $ 2,620 resistance zone or even $ 2,650 in the short term.
Another decline of ETH?
If Ethereum did not know the resistance of $ 2,460, this can start a new decline. The first support on the disadvantage is near the level of $ 2,340. The first major support is near the $ 2,320 zone.
A clear movement under the support of $ 2,320 can push the price to $ 2,250 support. More losses can send the price in the short term to the support level of $ 2,150. The following key support is at $ 2,120.
Technical indicators
Hour MacD – The MACD for ETH/USD loses momentum in the bullish zone.
Hour RSI – The RSI for ETH/USD is now above 50 zone.
Large support level – $ 2,320
Large resistance level – $ 2,460