Ethereum price started a recovery wave above the $1,780 level against the US Dollar. ETH must clear $1,820 to start a decent increase in the near term.
- Ethereum is currently consolidating below the $1,820 resistance zone.
- די פּרייַז איז טריידינג אונטער $ 1,820 און די 100-אַורלי פּשוט מאָווינג דורכשניטלעך.
- אויף אַ שעה טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken), עס איז אַ הויפּט בעריש גאַנג שורה פאָרמינג מיט קעגנשטעל לעבן 1,818 $.
- The pair could start a decent increase if it settles above the $1,820 resistance.
Ethereum Price Recovery Faces Hurdle
Ethereum’s price extended its decline below the $1,800 zone. ETH even declined below the $1,780 level before the bulls appeared near $1,760, similar to Bitcoin.
A low was formed near $1,761 and the price is currently attempting a recovery wave. It is trading above the 23.6% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low. Ether is now trading below $1,820 and the 100-hourly Simple Moving Average.
There is also a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low.
Immediate resistance is near the $1,818 zone and the trend line. The first major resistance is near the $1,820 level. A close above the $1,820 resistance could send Ether toward $1,845.
מקור: ETHUSD אויף TradingView.com
The next resistance sits near $1,875, above which Ethereum could rise toward $1,920. Any more gains above the $1,920 resistance zone could push the price toward the $2,000 resistance.
פריש אַראָפּגיין אין ETH?
אויב עטהערעום פיילז צו ויסמעקן די קעגנשטעל פון $ 1,820, עס קען אָנהייבן אן אנדער בעריש כוואַליע. ערשט שטיצן אויף די דאַונסייד איז לעבן די $ 1,785 מדרגה.
The next major support is near the $1,760 zone or the recent swing low. If there is a close below the $1,760 support, the price could start another major decline. In the stated case, the price might drop toward the $1,700 support zone. Any more losses may perhaps send the price toward the $1,660 level in the coming days.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז לוזינג מאָמענטום אין די בוליש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז העכער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 1,785
הויפּט קעגנשטעל לעוועל - 1,820 $
Source: https://www.newsbtc.com/analysis/eth/ethereum-price-liftoff-1820/