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Price ethereum began a new decrease less than $ 1620. ETH is now unified and you may try to recover over $ 1,620 resistance.
- ETHEREUM has started a new decrease less than $ 1,620 and $ 1,600.
- The price is traded less than $ 1620 and the simple moving average for 100 hours.
- There was a break over the downtown line connected to the resistance at $ 1,590 on the clock graph from the ETH/USD (database via Kraken).
- The husband can start a new increase if he wipes the resistance area of $ 1,615.
Ethereum price faces obstacles
He struggled with ETHEREUM price to continue above $ 1,690 and began a new decrease, such as Bitcoin. ETH decreased below support levels of $ 1,600 and $ 1580. It even rose to less than $ 1550.
A decrease has been formed at $ 1,538 and prices are now trying to recover wave. There was a step above $ 1,580. The price increased above the refulrability level 23.6 % of the transition to the bottom of the 1,690 dollar swing to a level less than 1538 dollars.
Moreover, there was a break over the landline line connected to a resistance at $ 1,590 on the watch graph from the ETH/USD. ETHEREUM price is now trading less than $ 1,620 and a simple moving average for 100 hours.
In the upward direction, the price appears to face obstacles near the level of $ 1,600. The following main resistance is approaching the level of $ 1,615 or the level of FIB re -imitation by 50 % of the declining move from a 1,690 dollar swing to less than $ 1,538. The first large resistance approaches the level of $ 1,655.
You may send a clear step over a resistance of $ 1,655, the price is about $ 1700 resistance. The climbing break on $ 1700 may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 1750 or even 1800 dollars in the short term.
Another decrease in ETH?
If Ethereum fails to scan $ 1,615 resistance, another decrease may start. Initial support on the downside is near the level of $ 1,5750. The first main support sits near the $ 1540 area.
The clear step may be paid below the $ 1540 support, the price is about $ 1,480. Any other losses may send the price towards the support level of $ 1420 in the short term. The next main support sits at $ 1400.
Technical indicators
Every MACD watch – MACD for ETH/USD loses momentum in the Habboudia area.
Every RSI watch – RSI for ETH/USD is now less than area 50.
Main support level – $ 1,540
The main resistance level – $ 1,655
