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 started a downward correction below the level of $ 1,780. ETH now consolidates near the $ 1,800 zone and can strive for a movement above $ 1,820.
- Ethereum started a downward correction and traded under the level of $ 1,765.
- The price acts above $ 1,770 and the 100-hour simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 1,815 on the hourly table ETH/USD (data special via Kraken).
- The couple can start a new increase if it knew the $ 1,820 resistance zone.
Ethereum Price eyes fresh profit
Ethereum -Price remained stable above the level of $ 1,725 and started a new increase, such as Bitcoin. ETH traded as low as $ 1,746 and climbed back above the resistance level of $ 1,770.
There was a movement above the 23.6% FIB retracement level of the downward movement of the $ 1,857 swing high to $ 1,746 low. The bulls even pushed the price to the $ 1,800 resistance. However, there was not close to the $ 1,800 resistance.
The price was rejected near the 50% FIB racement level of the downward movement of the $ 1,857 swing high to $ 1,746 low. There is also a connecting Bearish trend line that forms with resistance at $ 1,815 on the ETH/USD card per hour.
Ethereum price is now traded above $ 1,770 and the 100-hour simple advancing average. At the top the price seems to have to do with obstacles near the level of $ 1,800. The next key resistance is near the level of $ 1,820.
The first major resistance is near the $ 1,850 level. A clear movement above the $ 1,850 resistance can send the price to the $ 1,920 resistance. An upward break above the $ 1,920 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 1,950 resistance zone or even $ 2,000 in the short term.
Another decline of ETH?
If Ethereum did not know the resistance of $ 1,820, this can start a new decline. The first support at the disadvantage is near the level of $ 1,770. The first major support is near the $ 1,750 zone.
A clear movement under the support of $ 1,750 can push the price to $ 1,650 support. More losses can send the price in the short term to the support level of $ 1,620. The following key support is at $ 1,550.
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 – $ 1,770
Large resistance level – $ 1,820