Ethereum extended its rise and traded close to $2,900 against the US Dollar. ETH price is correcting gains and it is likely to remain strong above the 100 hourly SMA
- Ethereum failed to clear the $2,900 level and it corrected lower from $2,885.
- The price is still holding the $2,700 support and the 100 hourly simple moving average.
- There was a break below a short-term bullish trend line with support near $2,750 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a strong increase as long as there is no break below the 100 hourly SMA and $2,650.
Ethereum Price Is Holding Support
Yesterday, ethereum started a fresh increase above the $2,650 resistance zone. ETH gained pace above the $2,700 and $2,750 levels. There was also a break above the $2,800 level and the 100 mediu mobil orar orar.
However, the price failed to continue higher above $2,900. A high was formed near $2,886 and the price recently started a fresh decline. There was a break below the $2,800 support zone. Ether price even traded below the 23.6% Fib retracement level of the mișcare în sus de la swing-ul de 2,530 $ la 2,996 $.
There was a break below a short-term bullish trend line with support near $2,750 on the hourly chart of ETH/USD. The pair is now testing the 50% Fib retracement level of the upward move from the $2,530 swing low to $2,996 high.
Sursa: ETHUSD pe TradingView.com
It is also holding the $2,700 support and the 100 hourly simple moving average. An initial resistance on the upside is near the $2,780 and $2,800 levels. The first major resistance is near the $2,850 level.
The main breakout resistance is now forming near the $2,900 level. A close above the $2,900 level will most likely call for a test of the $3,000 barrier in the near term.
Barele acceptate în ETH?
Dacă Ethereum nu reușește să elibereze nivelurile de rezistență de 2,800 USD și 2,850 USD, ar putea prelungi declinul. Un suport inițial în dezavantaj este aproape de nivelul de 2,700 USD.
The main support is now forming near the $2,680 level and the 100 hourly SMA. A downside break below $2,680 and $2,650 could open the doors for a larger decline. In the stated case, ether price might revisit USD 2,500.
Indicatori tehnici
Opt MACD - MACD pentru ETH / USD pierde încet ritmul în zona de urs.
RSI pe oră - RSI pentru ETH / USD este în prezent sub nivelul de 50.
Nivel major de suport - $ 2,650
Nivelul major de rezistență - $ 2,850
Source: https://www.newsbtc.com/analysis/eth/ethereum-eth-fresh-rally-3000/
