Ethereum started a strong recovery from the $1,425 zone against the US Dollar. ETH is back above $1,500 and might rise further towards the $1,600 resistance.
- Ethereum remained well supported above the $1,425 zone.
- די פּרייַז איז איצט טריידינג העכער $ 1,500 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- עס איז געווען אַ ברעכן העכער אַ שליסל בעריש גאַנג שורה מיט קעגנשטעל ביי 1,485 $ אויף די אַורלי טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken).
- די פּאָר איז יידזשינג מער גיינז העכער די קעגנשטעל לעוועלס פון $ 1,560 און $ 1,565.
עטהערעום פּרייַז סטאַרץ רעקאָווערי
Ethereum found support near the $1,425 זאָנע after a strong decline. ETH formed a base above the $1,425 and $1,440 levels and recently started an upside correction.
There was a clear move above the $1,500 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $1,485 on the hourly chart of ETH/USD. The pair even climbed above the $1,520 level and the 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
There was a clear move above the 23.6% Fib retracement level of the key drop from the $1,707 swing high to $1,423 low. Ether price is now trading above $1,500 and the 100 hourly simple moving average.
It is facing resistance near the $1,560 and $1,565 levels. The stated resistance is near the 50% Fib retracement level of the key drop from the $1,707 swing high to $1,423 low. The next major resistance is now forming near the $1,600 level.
מקור: ETHUSD אויף TradingView.com
A clear move above the $1,600 level might send the price towards $1,640 resistance. Any more gains may perhaps open the doors for a test of the $1,700 resistance in the near term.
פריש אַראָפּגיין אין ETH?
If ethereum fails to rise above the $1,565 resistance, it could start another decline. An initial support on the downside is near the $1,530 zone and the 100 hourly simple moving average.
The next major support is near $1,490, below which ether price gain bearish momentum. In the stated case, the price may perhaps decline towards the $1,450 level. Any more losses may perhaps send the price towards the $1,425 zone or the last swing low.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז איצט לוזינג מאָמענטום אין די בוליש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט העכער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 1,490
הויפּט קעגנשטעל לעוועל - 1,565 $
Source: https://www.newsbtc.com/analysis/eth/ethereum-just-reversed-1600-imminent/