Ethereum -Price started a new increase above $ 2,800 zone. ETH is now consolidating profits and can strive for a new movement above $ 3,000.
- Ethereum started a new increase above the level of $ 2,850.
- The price is traded above $ 2,840 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support at $ 2,885 on the hourly table ETH/USD (data special via Kraken).
- The couple could start a new increase if it is supported in the short term above the $ 2,840 zone.
Ethereum -Price rallies above $ 2,880
Ethereum -Price started a new increase above $ 2,750 zone, such as Bitcoin. ETH prize got pace for a movement above the $ 2,800 resistance zone and entered a positive zone.
The bulls even pumped the price above $ 2,880. Finally, it tested the $ 3,000 zone. A high was formed at $ 3,000 and the price is now consolidating. It is stable above the 23.6% FIB racement level of the upward movement of the $ 2,515 swing low to $ 3,000 high.
Ethereum price is now traded above $ 2,880 and the 100-hour simple advancing average. By the way, there is an important bullish trend line that forms with support for $ 2,885 on the ETH/USD card per hour.
At the top the price can experience the resistance near the level of $ 2,980. The next key resistance is near the level of $ 3,000. The first major resistance is near the level of $ 3,040. A clear movement above the $ 3,040 resistance can send the price to $ 3,120 resistance.
An upward break above the $ 3,120 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise in the short term to the $ 3,200 resistance zone or even $ 3,220.
Are the disadvantages limited in ETH?
If Ethereum did not know the resistance of $ 3,000, this can start a downward correction. The first support on the disadvantage is near the level of $ 2,920. The first major support is near the $ 2,880 zone and the trend line.
A clear movement under the support of $ 2,880 can push the price to support $ 2,750 or the 50% FIB retracement level of the upward movement of the $ 2,515 fluctuating low to the $ 3,000 highlight. All losses can send the price in the short term to the support level of $ 2,720. The following key support is $ 2,650.
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 – $ 2,880
Large resistance level – $ 3,000