Ethereum -Price started a new increase above $ 2,720 zone. ETH is now profits and can strive for a new movement above $ 2,800.
- Ethereum started a new increase above the level of $ 2,650.
- The price acts above $ 2,720 and the 100-hour simple advancing average.
- There is an important parabolic curve that forms with support at $ 2,750 on the hourly table ETH/USD (data feed via Kraken).
- The couple could start a new increase if it is supported above $ 2,720 zone in the short term.
Ethereum -Price rallies above $ 2,700
Ethereum -Price started a new increase above $ 2,650 zone, where Bitcoin was defeated. ETH prize got pace for a movement above the $ 2,720 resistance zone and entered a positive zone.
The price even tested the $ 2,800 resistance. A high was formed at $ 2,795 and the price is now consolidating. It is stable above the 23.6% FIB racement level of the upward movement of the $ 2,516 swing low to $ 2,795 high.
Ethereum price is now traded above $ 2,720 and the 100-hour simple advancing average. Moreover, there is an important parabolic curve that forms with support for $ 2,750 on the ETH/USD graph per hour.
At the top the price can experience the resistance near the level of $ 2,800. The next key resistance is near the level of $ 2,840. The first major resistance is near the level of $ 2,880. A clear movement above the $ 2,880 resistance can send the price to $ 2,910 resistance.
An upward break above the $ 2,910 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,980 resistance zone or even $ 3,000 in the short term.
Are disadvantages supported in ETH?
If Ethereum did not know the resistance of $ 2,800, this can start a new decline. The first support at the disadvantage is near the level of $ 2,750. The first major support is near the $ 2,720 zone.
A clear movement under the support of $ 2,720 can push the price to the $ 2,650 support or the 50% FIB retracement level of the upward movement of the $ 2,516 swing low to the high of $ 2,795. All losses can send the price in the short term to the support level of $ 2,550. The following key support is at $ 2,500.
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 – $ 2,720
Large resistance level – $ 2,800