Ethereum -Price started a new increase above $ 3,000 zone. ETH is now profits and can correct lower in the direction of the $ 2,900 zone.
- Ethereum started a new increase above the level of $ 3,000.
- The price acts almost $ 2,940 and the 100-Urly simple advancing average.
- There was a break under an important bullish trend line with support at $ 2,980 on the hourly table ETH/USD (data feed via Kraken).
- The couple could start a new increase if it is supported in the short term above $ 2,900 zone.
Ethereum -Price rallies above $ 3,000
Ethereum -Price started a new increase above $ 2,800 zone, such as Bitcoin. ETH price was given pace for a movement above the $ 2,880 resistance zone and entered a positive zone.
The bulls even pumped the price above $ 2,920. Finally, it tested the $ 3,080 zone. A high was formed at $ 3,081 and the price is now consolidating the profits. There was a movement below the 50% FIB racement level of the upward movement of the $ 2,905 Swing low to the $ 3,081 high.
By the way, there was a break under an important bullish trend line with support for $ 2,980 on the ETH/USD graph per hour. Ethereum Price is now traded near $ 2,940 and the 100-hour simple advancing average.
At the top the price can experience the resistance near the level of $ 2,980. The next key resistance is near the level of $ 3,000. The first major resistance is near the level of $ 3,040. A clear movement above the $ 3,040 resistance can send the price to $ 3,080 resistance.
An upward break above the $ 3,080 resistance can request more profit in the upcoming sessions. In the indicated case, Ether could rise in the short term to the $ 3,200 resistance zone or even $ 3,220.
Are disadvantages supported in ETH?
If Ethereum did not know the resistance of $ 3,000, this can start a downward correction. The first support for the disadvantage is near the level of $ 2,940 and the 76.4% FIB retracement level of the upward movement of the $ 2,905 Swing low to $ 3,081 high. The first major support is near the $ 2,900 zone.
A clear movement under the support of $ 2,900 can push the price to $ 2,800 support. All losses can send the price in the short term to the support level of $ 2,720. The following key support is $ 2,650.
Technical indicators
Hour MacD – The MACD for ETH/USD is gaining strength in the bearish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Major support level – $ 2,900
Large resistance level – $ 3,000