The price of Ethereum shows positive signs above the $ 2650 zone. ETH overshadows Bitcoin and may begin another increase in the near future.
- Ethereum saves profit and strives for greater success.
- The price is traded above $ 2650 and a 100-hour simple sliding average.
- The hourly diagram of ETH/USD (data supply via Kraken) contains the hourly ETH/USD diagram with a connecting bull trend with support for $ 2700.
- The couple could start a decent step up if it registers above $ 2750 and US dollars.
Ethereum Price restores traction
Ethereum Price tried a new increase above the level of $ 2700, having beaten Bitcoin. ETH broke the resistance of $ 2750, but it was not possible to clean the resistance zone in the amount of $ 2850.
The high maximum was formed at $ 2847, and the price began a new decline. There was a step below the support levels of $ 2750 and US dollars. Low was formed in US $ 2689, and the price is currently consolidating profit. There was a step above the level of FIB recovery 23.6% of the recent decrease from the maximum swing in the amount of $ 2847 to a low level of $ 2689.
The price of Ethereum is currently trading above $ 2700 and a 100-hour simple sliding medium. There is also a bovine trend that is formed with support of U.S. $ 2700 on the hourly schedule of ETH/USD.
On the other hand, the price seems to face obstacles about $ 2750. The first main resistance is located near the level of $ 2765 or the restoration level of 50% of the recent decrease from the maximum swing of $ 2,847 to a low level of $ 2689. 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 $ 2850. A break up above the resistance in the amount of $ 2850 may require more success at the upcoming sessions. In the declared case, the broadcast can rise towards the resistance zone of $ 3,000 or even $ 3050 in the near future.
Another decline in ETH?
If Ethereum cannot clean the resistance of $ 2750, this may start another decrease. Initial support for a deficiency is at $ 2700. The first major support is located next to the zone for $ 2680.
A clear step below support in the amount of $ 2680 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 loses an impulse in the bear area.
Hight Rsi – RSI for ETH/USD is now lower than 50 zone.
The main level of support is $ 2700
The main level of resistance is $ 2750
