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Ethereum price has been released and tested $ 2,320. Eth is struggling now and may decrease towards the support area of $ 2220.
- Ethereum started correction from $ 2,580 and tested $ 2,320.
- The price is traded to less than $ 2,500 and the simple moving average is 100 hours.
- There is a declining directional line connected to resisting at $ 2540 on the ETH/USD argument (database via Kraken).
- The husband can gain strength if he wipes $ 2550 resistance in the near term.
The price of Ethereum decreased again
He struggled with ETHEREUM price to wipe $ 2,520 resistance and began a negative correction, unlike Bitcoin. ETH was traded without support levels of $ 2,500 and $ 2440.
The bears managed to pay the price to less than the REERERMENT level by 50 % of the upward move from the decrease of oscillation of $ 2.308 to an increase of $ 2.509. The price increased below $ 2,440, but the bulls were active near the $ 2400 region.
The price is stable than Rernerder 61.8 % of FIB for the upward move from the decrease of oscillation of $ 2.308 to a height of $ 2.509. Ethereum price is now trading to less than $ 2,450 and a simple moving average 100 hours. There is also a declining trend line that is formed with resistance at $ 2540 on the ETH/USD watch chart.
If there is another increase, the price may face resistance near the level of $ 2,460. The next main resistance is close to the level of $ 2500. The first major resistance is located near the level of $ 2,550 and the direction line. It may send a clear step higher than 2,550 dollars in the price of $ 2,580.
The climbing break on $ 2,580 may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 2700 or even 2780 dollars in the near term.
Another decrease in ETH?
If Ethereum fails to scan $ 2500 resistance, you may start a new decrease. Initial support on the downside is near the level of $ 2400. The first main support sits near the $ 2,350 region.
The clear step may lead to a support of $ 2,350 to pay the price towards $ 2,320 support. Any other losses may send the price towards the support level of $ 2220 in the short term. The following main support sits in $ 2,120.
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 – 2400 dollars
The main resistance level – $ 2500
