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 Corrected profits and tested the $ 2,500 zone. ETH is now rising again and can soon strive for a movement above $ 2,600 zone.
- Ethereum started a correction of the $ 2,740 zone and tested $ 2,500.
- The price acts above $ 2,520 and the 100-hour simple advancing average.
- There is a key falling channel or a possible bullish flag that forms with resistance at $ 2,575 on the hourly table ETH/USD (data feed via Kraken).
- The couple can become stronger if it knew the $ 2,600 resistance in the short term.
Ethereum Price eyes upside down Pause
Ethereum Price struggled to erase the resistance of $ 2,740 and started a downward correction, such as Bitcoin. ETH traded under the support levels of $ 2,700 and $ 2,650.
The bears could push the price below the 50% FIB racement level of the upward movement from the $ 2,415 swing low to $ 2,735 high. The price was even below the level of $ 2,520, but the bulls were active near the $ 2,500 zone.
The price found support in the vicinity of the 76.4% FIB racement level of the upward movement of the $ 2,415 Swing low to $ 2,735 high. Ether rises again from the $ 2,500 zone.
Ethereum price is now traded above $ 2,520 and the 100-hour simple advancing average. At the top the price seems to have to do with obstacles near the level of $ 2,575. There is also a key falling channel or a possible bullish flag that forms with resistance at $ 2,575 on the ETH/USD graph per hour.
The next key resistance is near the level of $ 2,600. The first major resistance is near the level of $ 2,650. A clear movement above the $ 2,650 resistance can send the price to $ 2,735 resistance. An upward break above the $ 2,735 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise in the short term to the $ 2,800 resistance zone or even $ 2,920.
Another decline of ETH?
If Ethereum did not know the resistance of $ 2,600, this can start a new decline. The first support on the disadvantage is near the level of $ 2,525. The first major support is near the $ 2,500 zone.
A clear movement under the support of $ 2,500 can push the price to $ 2,420 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 is gaining force in the bullish zone.
Hour RSI – The RSI for ETH/USD is now above 50 zone.
Major support level – $ 2,500
Large resistance level – $ 2,600