Ethereum started a steady recovery wave above the $2,980 resistance against the US Dollar. ETH price is now facing a strong resistance near $3,080 and $3,100.
- Ethereum started a major upside correction from the $2,880 zone.
- די פּרייַז איז איצט טריידינג העכער $ 3,000 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 3,070 $.
- The pair must clear $3,080 and $3,100 to start a strong upward move.
Ethereum Price Recovers Losses
עטהערעום עקסטענדעד אַראָפּגיין אונטער די שטיצן $ 2,980 and the 100 hourly simple moving average. ETH even spiked below the $2,900 level, but it found a major support near $2,880.
A low was formed near $2,880 and the price started a steady increase. There was a move above the $2,980 and $3,000 resistance levels. Ether price is now trading above $3,000 and the 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
A high is formed near $3,068 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent increase from the $2,880 swing low to $3,068 high. On the upside, an initial resistance is seen near the $3,070 level.
There is also a key bearish trend line forming with resistance near $3,070 on the hourly chart of ETH/USD. The next major resistance is near the $3,080 and $3,100 levels.
מקור: ETHUSD אויף TradingView.com
A close above the $3,100 level might start a steady upward move in the near term. The next major resistance could be near the $3,150 or $3,220.
פריש אַראָפּגיין אין ETH?
If ethereum fails to gain pace above the $3,100 level, it could start a downside correction. An initial support on the downside is near the $3,020 zone and the 100 hourly simple moving average.
The next major support is near the $2,980 level. It is close to the 50% Fib retracement level of the recent increase from the $2,880 swing low to $3,068 high. If there is a downside break below the $2,980 support, the price could start another decline. In this scenario, there is a risk of a move towards the $2,880 level.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז איצט לוזינג גאַנג אין די בוליש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט העכער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 2,980
הויפּט קעגנשטעל לעוועל - 3,100 $
Source: https://www.newsbtc.com/analysis/eth/ethereum-reaches-key-inflection-zone-3100/