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Ethereum Price failed to recover more than $ 1820 and decrease less than $ 1,650. ETH is now incorporating losses and may face resistance near the $ 1675 region.
- Ethereum failed to stay over $ 1,650 and $ 1620.
- The price is traded less than $ 1650 and the simple moving average is 100 hours.
- There was a lower break than the upcoming bullish trend line with support at 1775 dollars on the ETH/USD (Data Feeding).
- The pair remains at the risk of more losses less than the $ 1550 support zone.
Ethereum price has decreased more
Ethereum Price failed to stay over the $ 1800 support area and extended losses, such as Bitcoin. ETH has decreased dramatically less than $ 1,750 and $ 1700.
There was a lower break from the upcoming upcoming trend line at $ 1775 on the ETH/USD. The bears even paid the price below the level of $ 1,600. A decrease has been formed at $ 1,537 and the price of some recent losses.
There was a step above $ 1,580. The price tested the RENDRACTION level by 23.6 % of the decline from the 1,815 dollar swing to a decrease of $ 1,537. However, the bears are active near the $ 1600 region. The price is now unified and faces many obstacles.
ETHEREUM price is now trading to less than $ 1650 and a simple moving average 100 hours. In the upward direction, the price appears to face obstacles near the level of $ 1,600.
The next main resistance is approaching the level of $ 1,675 or the level of FIB re -declining by 50 % to the bottom of a swing of $ 1,815 to $ 537. The first large resistance approaches the level of $ 1,710. It may send a clear step higher than 1,710 dollars in the price of $ 1820.
The climbing break on $ 1820 may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of $ 1880 or up to 1920 dollars in the near term.
Another decrease in ETH?
If Ethereum fails to scan $ 1,600 resistance, you may start to decrease another. Initial support on the negative side is near the level of $ 1550. The first main support sits near the $ 1535 area.
A clear step below the support of $ 1535 may pay the price towards $ 1,420. Any other losses may send the price to the support level of $ 1400 in the short term. The next main support sits at $ 1350.
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 – 1600 dollars
