Ethereum stayed above the $2,550 support zone against the US Dollar. ETH price is rising, but it must clear $2,700 for a sustained move higher
- Ethereum found support near $2,580 after a downside correction from $2,800.
- די פּרייַז איז איצט טריידינג העכער $ 2,650 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- עס איז געווען אַ ברעכן העכער אַ שליסל בעריש גאַנג שורה מיט קעגנשטעל ביי 2,640 $ אויף די אַורלי טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken).
- די פּאָר קען אָנהייבן אַ שטאַרק פאַרגרעסערן אויב עס איז אַ קלאָר מאַך העכער די קעגנשטעל פון $ 2,700.
Ethereum Price Revisit $2,700
Ethereum started a downside correction from the $2,800 resistance zone. ETH traded below the $2,750 support level and even declined below $2,700.
The price even spiked below the $2,600 level, but the bulls remained active above $2,500. A low was formed near $2,577 and the price is now rising. There was a recovery wave above the $2,600 and $2,620 resistance levels.
Ether climbed above the 23.6% Fib retracement level of the downward move from the $2,819 swing high to $2,577 low. Besides, there was a break above a key bearish trend line with resistance near $2,640 on the hourly chart of ETH/USD.
The pair is now trading above $2,650 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,700 level. It is near the 50% Fib retracement level of the downward move from the $2,819 swing high to $2,577 low.
מקור: ETHUSD אויף TradingView.com
A clear move above the $2,700 resistance could stage a strong upward move. The next key resistance is near the $2,800 level, above which ether price might accelerate higher towards the $3,000 resistance zone in the near term.
פריש אַראָפּגיין אין ETH?
If ethereum fails to start a fresh increase above the $2,700 resistance, it could start another decline. An initial support on the downside is near the $2,660 level and the 100 hourly SMA.
A downside break below the 100 hourly SMA might put pressure on the bulls. The next major support is near the $2,600 level, below which there is a risk of a sharp decline. In the stated case, the price might dive towards the $2,500 level or $2,480.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז לוזינג גאַנג אין די בוליש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט העכער די 50 מדרגה.
הויפּט שטיצן לעוועל - $ 2,600
הויפּט קעגנשטעל לעוועל - 2,700 $
Source: https://www.newsbtc.com/analysis/eth/ethereum-recovers-losses-2700/