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Ethereum -price started a new increase above $ 2,650 zone. ETH is now consolidating and the eyes more profit above the $ 2,850 resistance.
- Ethereum started a new increase above the level of $ 2,750.
- The price acts above $ 2,700 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support at $ 2,750 on the hourly table ETH/USD (data feed via cracking).
- The couple could start a new wave if it knew the $ 2,850 zone in the short term.
Ethereum -Price is increasing
Ethereum -Price started a new increase after it had found support near the level of $ 2,500, with Bitcoin being defeated. ETH price was able to erase the resistance levels of $ 2,600 and $ 2,650.
The bulls pushed the price above $ 2,750. ETH was even above $ 2,800. A high was formed at $ 2,832 and the price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 2,483 Swing low to $ 2,832 high.
Ethereum price is now traded above $ 2,750 and the 100-hour simple advancing average. There is also an important bullish trend line that forms with support at $ 2,750 on the hour table ETH/USD.
At the top the price can experience the resistance near the level of $ 2,820. The next key resistance is near the level of $ 2,850. The first major resistance is near the level of $ 2,880. A clear movement above the $ 2,880 resistance can send the price to $ 2,920 resistance.
An upward break above the $ 2,920 resistance can request more profit in the coming sessions. In the declared case, Ether could rise in the short term to the $ 3,000 resistance zone or even $ 3,120.
Are dips supported in ETH?
If Ethereum did not know the resistance of $ 2,850, 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 $ 2,650 zone and the 50% FIB retracement level of the upward movement of the $ 2,483 swing low to $ 2,832 high.
A clear movement under the support of $ 2,650 can push the price to $ 2,600 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.
Large support level – $ 2,750
Main resistance level – $ 2,850