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.
Ethereum -Price started a new increase compared to the $ 2,375 zone. ETH is now back above $ 2,550 and is struggling to erase the $ 2,620 barrier.
- Ethereum started a new increase above the level of $ 2,550.
- The price acts above $ 2,550 and the 100-hour simple advancing average.
- There is a short-term contraction triangle that forms with support at $ 2,560 on the ETH/USD per hour (data feed via Kraken).
- The couple can start a new increase if it remains stable above $ 2,550 zone in the short term.
Ethereum -Price again traction
Ethereum -Price started a new increase compared to the $ 2,375 zone, such as Bitcoin. ETH price was given pace for a movement above the $ 2,500 resistance zone and entered a positive zone.
The bulls could push the price above the 76.4% FIB retracement level of the downward movement of the $ 2,523 Swing high to $ 2,372 low. It even knew the $ 2,550 resistance zone and was above the $ 2,600 level. A high was formed at $ 2,614 and the price is now consolidating the profits.
Ethereum price is now traded above $ 2,550 and the 100-hour simple advancing average. By the way, there is a contraction triangle in the short term that forms with support at $ 2,560 on the ETH/USD graph per hour.
At the top the price can experience the resistance near the level of $ 2,615. It is close to the 1,618 FIB extension level of the downward movement of the $ 2,523 Swing high to the $ 2,372 low. The next key resistance is near the level of $ 2,650. The first major resistance is near the level of $ 2,665. A clear movement above the $ 2,665 resistance can send the price to $ 2,720 resistance.
An upward break above the $ 2,720 resistance can request more profit in the coming sessions. In the declared case, Ether could rise to the $ 2,750 resistance zone or even $ 2,800 in the short term.
Another decline of ETH?
If Ethereum did not know the resistance of $ 2,615, this can start a new decline. The first support on the disadvantage is near the level of $ 2,560. The first major support is near the $ 2,550 zone.
A clear movement under the support of $ 2,550 can push the price to $ 2,520 support. More losses can send the price in the short term to the support level of $ 2,450. The following key support is at $ 2,350.
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.
Major support level – $ 2,550
Large resistance level – $ 2,615