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Price Prediction

ETHEREUM price is close to the launch point – can he liberate this time?

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ETHEREUM price has started a new increase in the $ 1735 region. ETH is now rising and may aim to move higher than the $ 1,840 resistance area.

  • Ethereum shadow strong over $ 1720 and started a new increase
  • The price is traded above $ 1780 and the simple moving average is 100 hours.
  • There was a break over the main dumping line with resistance at $ 1,800 on the ETH/USD (data feeding).
  • The husband can start a new increase if he wipes the 1840 resistance area.

Ethereum price of more sides

Correction of ETHEREUM gains from $ 1,840, such as bitcoin. ETH decreased to less than $ 1,800 and a level of $ 1,780 but remained in the range.

A decrease was formed at $ 1733 and the price began a new increase. There was a higher step of $ 1,780 resistance levels and $ 1,800. The price exceeded the level of fiber re -declining by 50 % of the transition to the bottom of the 1,842 dollar swing to the lowest level in 1733 dollars.

Moreover, there was a break over the main landline line with resistance at $ 1,800 on the ETH/USD. The ETHEREUM price is now trading over $ 1,800 and the simple moving average for 100 hours.

In the upward direction, the price appears to face obstacles near the level of $ 1815 and the RERDING FIB 76.4 % level of move to the bottom of a 1,842 dollar hairdresser to a low level of $ 173. The following main resistance is located near the level of $ 1840.

Ethereum price
source: Ethusd on TradingView.com

The first main resistance approaches the level of $ 1850. It may send a clear step over $ 1850 resistance the price towards $ 1920 resistance. Al -Sulayiya break over the resistance of $ 1920 may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of ​​$ 1950 or even 2000 dollars in the short term.

Another decrease in ETH?

If Ethereum fails to scan $ 1,840 resistance, it may start a new decrease. Initial support on the downside is near the level of $ 1785. The first main support sits near the $ 1760 region.

A clear step below the $ 1760 support may pay the price towards $ 1735. Any other losses may send the price to the support level of $ 1,650 in the short term. The next main support sits at $ 1620.

Technical indicators

Every MACD watchMACD is acquired for ETH/USD momentum in the upper area.

Every RSI watchRSI for ETH/USD is now higher than 50 regions.

The main support level – $ 1785

The main resistance level – $ 1840

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