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ETHEREUM price has started a new decrease less than $ 2,350. ETH is now correcting some losses of $ 2000 and may face obstacles.
- ETHEREUM has started a new decrease less than $ 2,320.
- The price is traded to less than $ 2220 and the simple moving average is 100 hours.
- There was a break above the landline connected to the resistance at $ 2080 on the ETH/USD (data feeding across KAKEN).
- The pair must give resistance levels $ 2,230 and $ 275 to start a decent increase.
Ethereum price will find support at $ 2000
Price ethereum has started a new decrease from the resistance area of $ 2550, such as Bitcoin. ETH has gained a declining momentum less than $ 2,420 and $ 2,350.
There was a clear step lower than the support area of $ 2220 and the average simple movement for 100 hours. The price even tested the region is $ 2000. A decrease has been formed at 2,003 dollars, and the price is now trying to recover higher than the REERERREMENT 23.6 % transition to the bottom of the 2.550 dollar hawk to the lowest level in $ 2,003.
There was a break over the landline connected to the resistance at $ 2080 on the ETH/USD. Ethereum price is now trading to less than $ 2,220 and a simple moving average for 100 hours.
In the upward direction, the price appears to face obstacles near the level of $ 2220. The first major resistance near the level of $ 2,275 and the REERRERMENT 50 % level of FIB is approaching the declining action of the alternative of $ 2,550 to the lowest level in $ 2,003.
A clear step may be sent over 2,275 dollars, the price is about $ 2,350. The climbing break on $ 2,350 may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 2450 or even $ 2,500 in the short term.
Another decrease in ETH?
If Ethereum fails to scan $ 2,275 resistance, another decrease may start. Initial support on the negative side is near the level of $ 2,130. The first main support sits near the $ 2080 region.
The clear step may lead to a 2080 dollar support to pay the price towards $ 2020 support. Any other losses may send the price to the support level of $ 2000 in the short term. The next main support sits at $ 1,880.
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.
The main support level – 2080 dollars
The main resistance level – $ 2,275
