Ethereum extended decline below the $2,650 support zone against the US Dollar. ETH price is struggling and there is a risk of a move below $2,500.
- Ethereum started a fresh decline from well above the $2,800 pivot zone.
- די פּרייַז איז איצט טריידינג אונטער $ 2,600 און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- אויף אַ שעה טשאַרט פון ETH / USD (דאַטן קאָרמען דורך Kraken) איז אַ קאַנעקטינג בעריש גאַנג שורה פאָרמירונג מיט קעגנשטעל ביי 2,620 $.
- The pair could extend decline below $2,500 if it fails to recover above the $2,650 resistance.
עטהערעום פּרייַז יקסטענדז אַראָפּגיין
Ethereum failed to start a fresh increase above the $2,800 resistance level. ETH started another decline and traded below the key $2,650 support zone.
The bears took control and were able to push the price below $2,550. Ether tested the $2,500 support and settled below the 100 hourly simple moving average. A low is formed near $2,508 and the price is now consolidating losses.
On the upside, an initial resistance is near the $2,550 level. It is near the 23.6% Fib retracement level of the recent decline from the $2,684 swing high to $2,508 low.
The first major resistance is seen near the $2,600 level (the recent breakdown zone). It is close to the 50% Fib retracement level of the recent decline from the $2,684 swing high to $2,508 low. There is also a connecting bearish trend line forming with resistance near $2,620 on the hourly chart of ETH/USD.
מקור: ETHUSD אויף TradingView.com
The next major resistance might be near the $2,650 level and the 100 hourly simple moving average. Any more gains could send the price towards the $2,800 resistance zone in the near term.
מער דאַונסיידז אין ETH?
If ethereum fails to start a fresh increase above the $2,650 level, it could extend decline. An initial support on the downside is near the $2,510 level.
The next major support is near the $2,500 level, below which the price might gain bearish momentum. In the stated case, ether price could even revisit the $2,400 support zone. Any more losses might call for a move towards the $2,300 level in the near term.
טעכניש ינדאַקייטערז
Hourly MACD - די MACD פֿאַר ETH / USD איז איצט גיינינג גאַנג אין די בעריש זאָנע.
Hourly RSI - די RSI פֿאַר ETH / USD איז איצט אונטער די 40 מדרגה.
הויפּט שטיצן לעוועל - $ 2,500
הויפּט קעגנשטעל לעוועל - 2,650 $
מקור: https://www.newsbtc.com/analysis/eth/ethereum-revisits-2-5k/