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Ethereum Price started another decrease and traded under the level of $ 1,880. ETH is now consolidating and continues to run the risk of more losses.
- Ethereum struggled to stay higher above the resistance level of $ 2,000.
- The price acts under $ 1,880 and the 100-hour simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 1,820 on the hourly table ETH/USD (data specialt via Kraken).
- The couple must erase the resistance levels of $ 1,820 and $ 1,880 to start a considerable increase.
Ethereum -Price is falling again
Ethereum -price could not be higher than higher above $ 2,100 and started a decrease, such as Bitcoin. ETH fell under the support levels of $ 1,920 and $ 1,880.
It tested the $ 1,765 zone. A low point was formed at $ 1,767 and the price recently tried a new upward move. There was a movement above the level of $ 1,800, but the price is still below the 23.6% FIB retraction level of the recent decrease of the $ 2,033 Swing high to $ 1,767 low.
Ethereum price is now being traded under $ 1,880 and the 100-hour simple advancing average. There is also a connecting Bearish trend line that forms with resistance at $ 1,820 on the ETH/USD card per hour.
At the top the price seems to have to do with obstacles near the level of $ 1,820. The following key resistance is close to the level of $ 1,880 and the 50% FIB retracement level of the recent decrease of the $ 2,033 Swing high to $ 1,767 low. The first major resistance is near the level of $ 1,920.
A clear movement above the $ 1,920 resistance can send the price to $ 2,000 resistance. An upward break above the $ 2,000 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,050 resistance zone or even $ 2,120 in the short term.
More losses in ETH?
If Ethereum did not know the resistance of $ 1,880, this can start a new decline. The first support for the disadvantage is near the level of $ 1,780. The first major support is near the $ 1,765 zone.
A clear movement under the support of $ 1,765 can push the price to $ 1,720 support. More losses can send the price in the short term to the support level of $ 1,680. The following key support is at $ 1,650.
Technical indicators
Hour MacD – The MACD for ETH/USD loses Momentum in the bearish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Major support level – $ 1,765
Large resistance level – $ 1,880