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The Ethereum price is merged over the region of $ 2,500. ETH may gain a bullish momentum if it wipes the 2700 -dollar resistance area.
- ETHEREUM has started a new decrease less than $ 2650.
- The price is traded less than $ 2,680 and the simple moving average is 100 hours.
- There is a declining directional line connected to resistance at $ 2,690 on the H -C -/USD graph (data feeding across Kraken).
- The pair can start a decent upward step if it settles $ 2700 and $ 2,735.
ETHEREUM price cuts in the head of the upward trend
Price ethereum has started a new decrease less than 2800 dollars, such as Bitcoin. ETH fell to less than $ 2,750 and 2700 dollars support levels to move to the short -term landing zone.
The price has decreased and the level of FIB’s re -imitation fell by 50 % of the upward wave from the decrease in oscopy of $ 2,125 to an increase of $ 2,922. Finally, I found support near the $ 2500 region. The price is now unified and it appears to be a base higher than the level of $ 2,500.
ETHEREUM price is now trading to less than $ 2,680 and a simple moving average for 100 hours. There is also a roller trend line that is formed with resistance at $ 2,690 on the ETH/USD.
On the upper side, the price appears to face obstacles near the level of $ 2680. The first main resistance approaches the level of $ 2735. The main resistance is now formed near $ 2800 or $ 2,820. You may send a clear step over $ 2,820 resistance, the price is about $ 2920 resistance.
The bullish trend break on $ 2,920 resistance may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 3,000 or even $ 3,050 in the short term.
Another decrease in ETH?
If Ethereum fails to scan 2700 dollars, it may start to decrease. Initial support on the negative side is near the level of $ 2,550. The first main support sits near the $ 2,520 region.
A clear step without support for $ 2,520 may pay the price towards 2,440 dollars or RERDING FIB level by 61.8 % for the upward wave from the decrease of 29.125 dollars to the highest level of 2922 dollars. Any other losses may send the price to the support level of $ 2,365 in the near term. The next main support sits at $ 2,250.
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 – $ 2,525
The main resistance level – $ 2700
