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Price Prediction

ETHEREUM Price Signs – Pop Pop may be in the foreground

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ETHEREUM price has started a new increase over the $ 2,350 area. ETH now shows positive signs and may aim to move higher than $ 2,550.

  • ETHEREUM has started a new upward step above $ 2,320.
  • The price is traded above 2,350 dollars and the simple moving average is 100 hours.
  • There is a continuous upscale trend line that is formed with support at $ 2440 on the ETH/USD (data feeding).
  • The husband can start a new increase if the resistance area is settled with $ 2550 in the short term.

Ethereum price eyes more gains

ETHEREUM price has started a new increase above the support level of $ 2,250, such as Bitcoin. ETH price was able to scan resistance levels of $ 2,320 and $ 2,350 to move to a positive area.

The bulls have even paid the price higher than the RERRERERDER level 61.8 % of the FIB for a declining move from the 2,568 dollar hawk to a decrease of $ 2,115. The price is now facing obstacles near the $ 2500 region. ETHEREMM price is now trading over $ 2,450 and a simple moving average for 100 hours.

The price has now been stuck near the REErmering 76.4 % level of the downtown movement of the alternative of $ 2,568 to the lowest level in $ 2,115. On the upper side, the price may face resistance near the level of $ 2,480. The next main resistance is close to the level of $ 2500.

Ethereum price
source: Ethusd on TradingView.com

The first main resistance approaches the level of $ 2,550. It may send a clear step higher than $ 2,550 resistance the price towards the resistance of $ 2600. Al -Sulayiya break over the 2600 dollars resistance may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of ​​$ 2720 or even 2800 dollars in the short term.

Another decrease in ETH?

If Ethereum fails to scan 2,550 dollars resistance, it may start a new decrease. Initial support is located on the negative side near the level of $ 2,440 and the direction line. The first main support sits near the $ 2,390 region.

A clear step without supporting $ 2,390 may pay the price towards $ 2,310. Any other losses may send the price towards the support level of $ 2220 in the short term. The following main support sits at $ 2,150.

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.

Main support level – $ 2,310

The main resistance level – $ 2,550

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