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Ethereum price is moved from $ 2800. ETH may gain a decreased momentum if less than $ 2650 is decreased.
- ETHEREUM has started a new decrease less than $ 2,720.
- The price is traded to less than 2700 dollars and the simple moving average is 100 hours.
- There was a lower break from the main bullish trend line with support at $ 2680 on the ETH/USD (data feeding).
- The husband can start in a decent upward step if he settles $ 2700 and $ 2,720.
The price of Ethereum decreased again
Ethereum price tried a new increase higher than $ 2650, such as Bitcoin. ETH destroyed $ 2,720, but failed to scan the 2800 dollar resistance area.
A height was formed at $ 2,791 and the price began a new decrease. There was a step less than 2750 dollars and $ 2,720. The price has decreased below 50 % of the FIB’s spread from the upward transition from the decrease in the oscillation of $ 2,614 to an increase of $ 2,791.
There was also a lower break from the main bullish trend line with support at $ 2680 on the ETH/USD. ETHEREUM price is now trading less than $ 2700 and a simple moving average 100 hours.
However, he now finds offers near the FIB 76.4 % re -imitation level of bullish transition from a decrease in swing of $ 2,614 to a height of $ 2,791. On the upper side, the price appears to face obstacles near the level of $ 2680. The first main resistance approaches the level of $ 2,720.
The main resistance is now formed near $ 2,780 or $ 2,800. It may send a clear step over 2800 dollars resistance to the $ 2880 resistance. Al -Sulayiya breaks may require 2880 dollars for more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 3,000 or even $ 3,050 in the short term.
More losses in ETH?
If Ethereum fails to scan $ 2,720 resistance, it may start another decrease. Initial support on the negative side is near the level of $ 2,655. The first main support sits near the $ 2,615 region.
The clear step may lead to a support of $ 2,615 to pay the price towards $ 2550. Any other losses may send the price towards the support level of $ 2500 in the near term. The next main support sits at $ 2440.
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.
Main support level – $ 2,650
The main resistance level – $ 2,720
