The price of Ethereum began correction from resistance in the amount of $ 3,500. ETH is consolidated above $ 3120 and is faced with many obstacles.
- Ethereum could not reach a pace for close to $ 3,500 and corrected profit.
- The price is traded below 3320 US dollars, and a 100-hour-work sliding average.
- On the hourly diagram ETH/USD (data transfer via Kraken) there is a short -term connecting line of a bear trend with a resistance of $ 3380.
- The couple can start another increase if it cleanses the resistance level of $ 3300.
Ethereum price is in support
The price of Ethereum began a worthy step upward above 3320 dollars, but Upsides were limited compared to bitcoins. ETH could not reach the pace beyond more than 3,500 US dollars and correct profit.
There was a step below the support level of $ 3320 and $ 3300. The low was formed at the level of $ 3141, and the price is currently consolidating losses. There was a slight increase above 3200 dollars. The price rose higher than the FIB recovery level of 23.6% of the recent decrease from the maximum swing by $ 3445 to a minimum by $ 3141.
The price of Ethereum is currently trading below $ 3280, and a 100-hour simple sliding average. On the other hand, the price seems to face obstacles at the level of $ 3240. The first main resistance is located near the level of $ 3300 or the restoration level of 50% of the recent decrease from high swing of $ 3445 to US dollars.
The main resistance is currently formed about $ 3380. There is also a short -term connecting line of a bear trend, which forms a resistance of $ 3380 in an hourly eth/USD diagram. A clear move above the resistance in the amount of 3380 US dollars can send a resistance price of 3450 US dollars.
A break in growth above the resistance of $ 3450 may require more success at the upcoming sessions. In the declared case, the broadcast can rise to the resistance zone in the amount of 3,500 US dollars or even in the near future $ 3550.
More losses in ETH?
If Ethereum cannot clean the resistance of $ 3300, this may start another decrease. Initial support for a deficiency is at about 3150 dollars. The first major support is located near $ 3120.
A clear step below support in the amount of 3120 US dollars can push the price of support of 3,050 dollars. Any other losses can send a price level of 3,020 US dollars in the near future. The next key support costs $ 3,000.
Technical indicators
Hight Macd – MACD for ETH/USD loses an impulse in the bull zone.
Hight Rsi – RSI for ETH/USD is now lower than 50 zone.
The main level of support is 3120 US dollars.
The main level of resistance is $ 3300
