Ethereum -Price started a new increase above $ 2,550 zone. ETH is now profits and can strive for a new movement above $ 2,620.
- Ethereum started a new increase above the level of $ 2,550.
- The price is traded above $ 2,580 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support for $ 2,550 on the hourly table ETH/USD (data daai via Kraken).
- The couple could start a new increase if it is supported in the short term above $ 2,550 zone.
Ethereum -Prize wins tempo
Ethereum -Price started a new increase above the $ 2,560 zone, where Bitcoin was defeated. ETH prize got pace for a movement above the $ 2,600 resistance zone and entered a positive zone.
The price even tested the resistance of $ 2,620. A high was formed at $ 2,627 and the price is now consolidating the profits. It is stable above the 23.6% FIB retracement level of the upward movement of the $ 2,515 Swing low to the $ 2,627 high.
Ethereum price is now traded above $ 2,580 and the 100-hour simple advancing average. By the way, there is an important bullish trend line that forms with support for $ 2,550 on the ETH/USD list per hour.
At the top the price can experience the resistance near the level of $ 2,620. The next key resistance is near the level of $ 2,650. The first major resistance is near the level of $ 2,680. A clear movement above the $ 2,680 resistance can send the price to $ 2,780 resistance.
An upward break above the $ 2,780 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,880 resistance zone or even $ 2,920 in the short term.
Are the disadvantages limited in ETH?
If Ethereum did not know the resistance of $ 2,620, this can start a new decline. The first support on the disadvantage is near the level of $ 2,570. The first major support is near the $ 2,520 zone and the trend line.
A clear movement under the support of $ 2,520 can push the price to $ 2,450 support. All losses can send the price in the short term to the support level of $ 2,350. The following key support is at $ 2,320.
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 – $ 2,520
Large resistance level – $ 2,620