Ethereum remained in a bearish zone below the $1,250 resistance against the US Dollar. ETH is attempting a recovery wave, but the 100 hourly SMA is the key.
- Ethereum made another to clear the $1,150 support, but the bulls were active.
- די פּרייַז איז איצט טריידינג אונטער $ 1,200 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- עס איז געווען אַ ברעכן העכער אַ שליסל בעריש גאַנג שורה מיט קעגנשטעל ביי 1,165 $ אויף די אַורלי טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken).
- The pair could start a decent recovery wave if there is a move above the $1,200 resistance.
עטהערעום פּרייַז פייסיז כערדאַל
Ethereum price moved into a bearish zone below the $1,250 pivot level. ETH gained bearish momentum below the $1,200 level and the 100 hourly simple moving average, similar to ביטקאָין.
The price spiked and tested the $1,150 support. The bears made two attempts to push ether price below the שטיצן $ 1,150, but failed. The recent low was formed near $1,150 and the price started a short-term upside correction.
There was a move above the $1,165 resistance. Besides, there was a break above a key bearish trend line with resistance near $1,165 on the hourly chart of ETH/USD.
Ether price is now facing resistance near $1,200 and the 100 hourly simple moving average. It is close to the 23.6% Fib retracement level of the main decline from the $1,350 swing high to $1,150 low. The first major resistance is near the $1,220 level.
מקור: ETHUSD אויף TradingView.com
A close above the $1,220 resistance might start a decent recovery wave. The next major resistance could be $1,250 or the 50% Fib retracement level of the main decline from the $1,350 swing high to $1,150 low. If the bulls clear the $1,250 barrier, the price might rise towards $1,300. Any more gains might send the price towards the $1,350 resistance zone.
פריש אַראָפּגיין אין ETH?
אויב עטהערעום פיילז צו קריכן העכער די קעגנשטעל פון $ 1,200, עס קען אָנהייבן אן אנדער בעריש כוואַליע. אַן ערשט שטיצן אויף די דאַונסייד איז לעבן די $ 1,165 מדרגה.
The next major support is near the $1,150 level, below which the price could accelerate lower towards the $1,100 support. Any more losses could lead the price towards the $1,050 support.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז איצט גיינינג מאָמענטום אין די בוליש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט העכער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 1,150
הויפּט קעגנשטעל לעוועל - 1,220 $
Source: https://newsbtc.com/analysis/eth/ethereum-price-breaking-this-confluence-resistance-could-start-recovery/