Ethereum managed to clear the $1,230 resistance zone against the US Dollar. ETH tested $1,280 and seems to be forming a strong support near $1,230.
- Ethereum gained bullish momentum and cleared the $1,230 resistance zone.
- די פּרייַז איז איצט טריידינג העכער $ 1,230 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- There is a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD (data feed via Kraken).
- די פּאָר קען פאָרזעצן צו העכערונג אויב עס סטייז העכער די שטיצן לעוועלס פון $ 1,230 און $ 1,200.
Ethereum Price Rallies Above Resistance
Ethereum price remained well bid above the $1,150 support zone. ETH formed a base and started a fresh increase above the $1,200 resistance, similar to ביטקאָין.
The price cleared the key resistance near the $1,230 and $1,250 levels. The upward move was such that the price traded as high as $1,280. It is now consolidating gains near the $1,265 level. Ether price is also trading above $1,230 and the 100 hourly simple moving average.
The bulls are currently active above the 23.6% Fib retracement level of the recent increase from the $1,150 swing low to $1,280 high. There is also a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD.
מקור: ETHUSD אויף TradingView.com
An immediate resistance on the upside is near the $1,280 level. The first major resistance is near the $1,300 level. The next major resistance is near the $1,330 level, above which ether price might start another bullish wave. In the stated case, the price could rise towards the $1,380 resistance zone. Any more gains might send the price towards the $1,420 resistance zone.
דיפּס געשטיצט אין ETH?
אויב עטהערעום פיילז צו קריכן העכער די קעגנשטעל פון $ 1,280, עס קען אָנהייבן אַ דאַונסייד קערעקשאַן. אַן ערשט שטיצן אויף די דאַונסייד איז לעבן די $ 1,250 מדרגה.
The next major support is near the $1,230 level and the highlighted trend line. If there is a break below $1,230, the price could test the $1,200 support, where the bulls could emerge. Any more losses may perhaps start another decline towards the $1,150 support zone in the near term.
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 - $ 1,230
הויפּט קעגנשטעל לעוועל - 1,280 $
Source: https://newsbtc.com/analysis/eth/ethereum-price-bullish-breakout-1250/