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Ethereum -Price remained supported above the level of $ 1,980. ETH is rising now and can strive for a movement above the $ 2,050 resistance.
- Ethereum corrected lower and tested the support level of $ 1,980.
- The price acts under $ 2,040 and the 100-Urly simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 2,050 on the hourly table of ETH/USD (data feed via Kraken).
- The couple must delete the resistance levels of $ 2,050 and $ 2,100 to start a considerable increase.
Ethereum -Price is reserved
Ethereum -price could not be higher than higher above $ 2,100 and some profit, such as Bitcoin. ETH fell under the support levels of $ 2,020 and $ 2,000.
It tested the $ 1,980 zone. A low point was formed at $ 1,982 and the price is rising again. There was a movement above the level of $ 2,000. The price exceeded the 23.6% FIB retraction level of the recent decrease of the $ 2,097 Swing high to $ 1,982 low.
Ethereum price is now traded under $ 2,040 and the 100-hour simple advancing average. There is also a connecting Bearish trend line that forms with resistance at $ 2,050 on the ETH/USD per hour table.
At the top, the price seems to be dealing with obstacles in the vicinity of $ 2,040 and the 50% FIB racement level of the recent decrease in $ 2,097 Swing High to $ 1,982 low. The next key resistance is near the level of $ 2,050. The first major resistance is near the level of $ 2,100.
A clear movement above the $ 2,100 resistance can send the price to $ 2,150 resistance. An upward break above the $ 2,150 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,250 resistance zone or even $ 2,320 in the short term.
More losses in ETH?
If Ethereum did not know the resistance of $ 2,050, this can start a new decline. The first support on the other hand is near the level of $ 2,000. The first major support is near the $ 1,980 zone.
A clear movement under the support of $ 1,980 can push the price to the support of $ 1,920 and the trend line. More losses can send the price to the $ 1,880 support level in the short term. The following key support is at $ 1,810.
Technical indicators
Hour MacD – The MACD for ETH/USD loses momentum in the bullish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Major support level – $ 2,000
Main resistance level – $ 2,050
