The price of Ethereum shows positive signs above the $ 2650 zone. ETH is growing like bitcoin and can start another increase in the near future.
- Ethereum still shows positive signs above the $ 2620 zone.
- The price is traded above $ 2680 and a 100-hour simple sliding average.
- There was a break above the key contract triangle with resistance at $ 2700 at the hourly diagram of ETH/USD (data supply via Kraken).
- The couple could start a decent step up if it registers above $ 2725 and US dollars.
Ethereum Price Eyes Upside Break
Ethereum Price remained supported above the level of 2500 US dollars and recently began decent growth, like Bitcoin. ETH broke the resistance of $ 2620 to go into a short -term bull zone.
There was a break above the key contract triangle with a resistance of $ 2700 on the hourly schedule ETH/USD. The price was able to surpass the level of 2720 US dollars and checked the recovery level of 50% of the downward movement from the maximum of swinging of $ 2,845 to a low level of $ 2605.
The price of Ethereum is currently trading above $ 2680 and a 100-hour simple sliding average. On the other hand, the price seems to face obstacles around the level of $ 2725.
The first main resistance is located near the level of $ 2755 or the FIB recovery level 61.8% down compared to the oscillation maximum of $ 2845 to a low level of $ 2605. The main resistance is currently formed about $ 2800 or 2820.
A clear move above the resistance in the amount of $ 2820 can lead to a resistance of $ 2880. A break in the plus above the resistance of $ 2880 may require more success at the upcoming sessions. In the declared case, the broadcast can rise to the resistance zone in the amount of $ 2920 or even $ 3,000 in the near future.
Another decline in ETH?
If Ethereum cannot clean the resistance in the amount of $ 2755, this may start another decrease. The initial support for a lack of $ 2700 is located. The first major support is located next to the zone for $ 2660.
A clear move below support in the amount of $ 2660 can push the price to support $ 2620. Any losses can send the price of support in the amount of $ 2550 in the near future. The next key support costs $ 2500.
Technical indicators
Hight Macd – MACD for ETH/USD is gaining momentum in the bull zone.
Hight Rsi – RSI for ETH/USD is now higher than the zone 50.
The main level of support is $ 2660
The main level of resistance is $ 2755
