Ethereum is holding the key $1,150 support against the US Dollar. ETH is rising and might even clear the $1,250 resistance zone in the near term.
- Ethereum corrected lower, but the bulls were active near $1,150.
- די פּרייַז איז איצט טריידינג העכער $ 1,180 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- אויף אַ שעה טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken) עס איז אַ שליסל בעריש גאַנג ליניע פאָרמינג מיט קעגנשטעל לעבן 1,195 $.
- The pair could rise steadily if it clears the $1,200 and $1,230 resistance levels.
עטהערעום פּרייס ייז פרעש ינקרעאַסע
Ethereum price started a downside correction from the $1,230 resistance. ETH declined below the $1,200 support zone and the 100 hourly simple moving average, similar to ביטקאָין.
However, the bulls were active near the $1,150 zone. A low was formed near $1,150 and the price started another decent increase. Ether price was able to clear the $1,165 and $1,180 resistance levels. There was a clear move above the 23.6% Fib retracement level of the recent decline from the $1,236 swing high to $1,150 low.
Ether price is now trading above $1,180 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,195 level.
There is also a key bearish trend line forming with resistance near $1,195 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $1,236 swing high to $1,150 low. The next major resistance is near the $1,230 level.
מקור: ETHUSD אויף TradingView.com
די main breakout zone is near the $1,250 level. To start a strong increase, the price must settle above the $1,250 resistance. In the stated case, ether price could rise towards the $1,320 resistance zone. Any more gains might send the price towards the $1,420 resistance zone.
Fresh drop in ETH?
אויב עטהערעום פיילז צו קריכן העכער די $ 1,230 קעגנשטעל, עס קען אָנהייבן אן אנדער אַראָפּגיין. אַן ערשט שטיצן אויף די דאַונסייד איז לעבן די $ 1,170 מדרגה.
The next major support is near the $1,150 level. If there is a break below $1,150, the price could even decline below $1,130. In the stated scenario, the price could drop towards the $1,075 support zone.
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 - 1,230 $
פיטשערד בילד פֿון iStock
Source: https://newsbtc.com/analysis/eth/ethereum-price-recovery-1250/