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ETHEREUM price failed to scan $ 1,650 and corrected gains. ETH is now unified and you may try to recover over $ 1,620 resistance.
- Ethereum started a new declining reaction from the $ 1650 region.
- The price is traded less than $ 1,600 and the simple moving average is 100 hours.
- There was a lower rest of the short -term contracting triangle with support at $ 1595 on the watch graph of the ETH/USD (database via Kraken).
- The husband can start a new increase if he wipes the resistance area of $ 1,620.
The price of Ethereum decreased again
The price of Ethereum remained stable above the level of $ 1520 and started a new increase, such as Bitcoin. ETH was trading over $ 1600 and $ 1620 before the bears appeared.
A height was formed at $ 1,655 and the price started with a new withdrawal. There was a step less than $ 1,600. Moreover, there was a lower rest of the short -term contract triangle with support at $ 1595 on the watch chart of ETH/USD. The husband tested a $ 1565 area.
A decrease has been formed at $ 1,564, and the price is now combined near the REERECTION level 23.6 % of the declining move from a 1,655 dollar hacker to $ 564.
ETHEREUM price is now trading less than $ 1,600 and a simple moving average 100 hours. In the upward direction, the price appears to face obstacles near the level of $ 1,600. The following main resistance is approaching the level of $ 1,610 and the REERERENT 50 % level of FIB for a declining movement from the $ 1,655 alternative to $ 564.
The first large resistance approaches the level of $ 1,620. A clear step may be sent over $ 1,620, the price is about $ 1,650. The climbing break on $ 1,650 may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 1720 or even 1800 dollars in the short term.
More losses in ETH?
If Ethereum fails to scan $ 1,620 resistance, it may start a new decrease. Initial support on the negative side is near the level of $ 1565. The first main support sits near the $ 1550 area.
The clear step may lead to a support of $ 1550 to pay the price towards $ 1500. Any other losses may send the price towards the support level of $ 1,450 in the short term. The next main support sits at $ 1420.
Technical indicators
Every MACD watch – MACD is acquired for ETH/USD momentum in the Habboudia area.
Every RSI watch – RSI for ETH/USD is now less than area 50.
The main support level – 1550 dollars
The main resistance level – $ 1620
