Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Este Artículo También Está Disponible and Español.
Ethereum -Price found support for $ 2,550 and started a new increase. ETH is now more than 5% higher and can try to erase the $ 2,800 resistance.
- Ethereum started a considerable increase above the levels of $ 2,550 and $ 2,720.
- The price acts almost $ 2,720 and the 100-hour simple advancing average.
- There is a new connecting bullish trend line that forms with support at $ 2,610 on the hourly table ETH/USD (data feed via Kraken).
- The couple can increase profit if it knew the $ 2,800 resistance zone in the short term.
Ethereum -Price rallies more than 5%
Ethereum -Price started a new increase compared to the $ 2,550 support zone, where Bitcoin was defeated. ETH price was able to recover above the resistance levels of $ 2,620 and $ 2,650.
The price even surpassed the level of $ 2,720. De Beren, however, were active near the $ 2,785 resistance zone. The price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 2,610 Swing low to $ 2,787 high.
Ethereum price is now being traded near $ 2,720 and the 100-hour simple advancing average. There is also a new connecting bullish trend line that forms with support for $ 2,610 on the ETH/USD card per hour.
At the top the price can experience the resistance near the level of $ 2,780. The next key resistance is near the level of $ 2,800. The first major resistance is near the level of $ 2.7 = 840. A clear movement above the $ 2,840 resistance can send the price to the $ 2,880 resistance.
An upward break above the $ 2,800 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,920 resistance zone or even $ 2,950 in the short term.
Disadvantage correction in ETH?
If Ethereum did not know the resistance of $ 2,780, this can start a new decline. The first support at the disadvantage is near the level of $ 2,700. The first major support is near the $ 2,650 zone. It is close to the 76.4% FIB racement level of the upward movement of the $ 2,610 Swing low to the $ 2,787 high.
A clear movement under the support of $ 2,650 can push the price to $ 2,610 support. 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 – $ 2,700
Large resistance level – $ 2,780