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 decrease below $ 2,600 zone. ETH is now in consolidating losses and can try to restore $ 2,550 resistance.
- Ethereum started a new decrease below the level of $ 2,580.
- The price trades under $ 2,550 and the 100-hour simple advancing average.
- There is an increasing channel that forms with support at $ 2,490 on the hourly table ETH/USD (data feed via cracking).
- The couple could start a new increase if it settles above $ 2,620 resistance zone in the short term.
Ethereum Price eyes upside down Pause
Ethereum -Price started a new decrease below the support level of $ 2,600, such as Bitcoin. ETH price fell under the levels of $ 2,550 and $ 2,540.
The bears even pushed the price below the level of $ 2,500. The pair tested the $ 2,450 zone and started a consolidation phase. There was a small movement above the level of $ 2,520. The price climbed above the 23.6% FIB retracement level of the downward movement of the $ 2,680 Swing high to $ 2,456 low.
Ethereum price now trades under $ 2,540 and the 100-hour simple advancing average. By the way, there is an increasing channel that forms with support for $ 2,490 on the ETH/USD card per hour.
At the top the price can experience the resistance near the level of $ 2,540. The next key resistance is near the level of $ 2,565. It is close to the 50% FIB racement level of the downward movement of the $ 2,680 Swing high to $ 2,456 low. The first major resistance is near the level of $ 2,620.
A clear movement above the $ 2,620 resistance can send the price to $ 2,660 resistance. An upward break above the $ 2,660 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,720 resistance zone or even $ 2,800 in the short term.
More losses in ETH?
If Ethereum did not know the resistance of $ 2,565, this can start a new decline. The first support on the disadvantage is near the level of $ 2,490. The first major support is near the $ 2,455 zone.
A clear movement under the support of $ 2,455 can push the price to $ 2,360 support. All losses can send the price in the short term to the support level of $ 2,320. The following key support is at $ 2,250.
Technical indicators
Hour MacD – The MACD for ETH/USD loses Momentum in the bearish zone.
Hour RSI – The RSI for ETH/USD is now above 50 zone.
Major support level – $ 2,455
Large resistance level – $ 2,565