Ethereum failed to clear the $3,200 resistance against the US Dollar. ETH price is declining and might retest the $2,960 support zone in the near term.
- עטהערעום איז סטראַגאַלינג צו ויסמעקן די קעגנשטעל לעוועלס פון $ 3,190 און $ 3,200.
- די פּרייַז איז איצט טריידינג העכער $ 3,050 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- אויף די שעה טשאַרט פון ETH / USD (דאַטן פיטער דורך Kraken) עס איז אַ הויפּט בוליש גאַנג ליניע פאָרמינג מיט שטיצן לעבן $ 3,060.
- The pair could extend losses if it fails to stay above the USD 3,050 support.
Ethereum Price Reaches Key Support
Ethereum attempted an upside break above the $3,200 resistance zone. However, ETH failed to gain momentum and formed a short-term top near the $3,196 level.
Ether price corrected gains and traded below the $3,150 support. There was a move below the 23.6% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high. The price even declined below $3,120.
However, it is still trading above $3,050 and the 100 hourly simple moving average. There is also a trading above $3,050 and the 100 hourly simple moving average.
מקור: ETHUSD אויף TradingView.com
An immediate resistance on the upside is near the $3,100 level. The first major resistance is near the $3,150 level. The main resistance is still near the $3,200 level. A successful close above $3,200 might start a steady increase. In the stated case, the price could rise towards $3,250. Any more gains might send the price towards the $3,320 level.
דאַונסייד ברעכן אין ETH?
If ethereum fails to start a fresh increase above $3,100 or $3,150, it could continue to move down. An initial support on the downside is near the $3,060 level, the 100 hourly simple moving average, and the trend line. The next major support is near the $3,020 level.
The 50% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high is also near the $3,020 zone. A downside break below the trend line support and then $3,020 could start a major decline. The next major support is near the $2,960 level. Any more losses might call for a move towards $2,880.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז גיינינג גאַנג אין די בעריש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט אונטער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 3,050
הויפּט קעגנשטעל לעוועל - 3,150 $
Source: https://www.newsbtc.com/analysis/eth/ethereum-near-make-or-break-levels-2/