Ethereum’s price has started a new increase above the $ 2,450 area. Eth has now returned above $ 2,550 and could soon aim at further earnings.
- Ethereum has started a new increase above the level of $ 2,550.
- The price is exchanged over $ 2,575 and the simple 100 -hour mobile average.
- There is a growing short -term channel that is formed with $ 2,570 support on ETH/USD hours (data feed via Kraken).
- The torque could start a new increase if it remains supported above the $ 2,520 short -term area.
Ethereum Price Eyes more earnings
Ethereum Price has started a new increase above the $ 2,450 area, such as Bitcoin. The Eth price gained a rhythm for a move above the $ 2,550 resistance area and entered a positive area.
The bulls were able to push the price above the resistance of $ 2,620. However, there has been no rise to rise. A maximum was formed close to $ 2,636 and the price corrected some earnings. There was a passage to the FIB retracement level of 23.6% of the move upwards from the swing of $ 2,373 at the bottom of a maximum of $ 2,636.
The Ethereum price is now exchanged above $ 2,560 and the simple 100 -hour mobile average. In addition, there is a growing short -term channel that is formed with $ 2,570 support on ETH/USD timetable.
On the positive side, the price could face the resistance near the level of $ 2,625. The next resistance to the key is close to the level of $ 2,640. The first great resistance is close to the level of $ 2,650. A clear move above the resistance of $ 2,650 could send the price to the resistance of $ 2,720.
An up -and -up break above the resistance of $ 2,720 may require further earnings in the next sessions. In the declared case, the ether could rise to the resistance area of $ 2,750 or even $ 2,800 in the short term.
Another decline of theh?
If Ethereum is unable to cancel the resistance of $ 2,620, a new decline could begin. The initial support on the reverse of the medal is close to the level of $ 2,570. The first large support is located near the $ 2,520 area.
A clear move below the support of $ 2,520 could push the price towards the support of $ 2,500. Other losses may send the price to the support level of $ 2,420 in the short term. The next key support is located at $ 2,350.
Technical indicators
Macd timetable – The MacD for Eth/USD is losing momentum in the bullish area.
TIE TIME – The RSI for Eth/USD is now above the 50 area.
Main support level – $ 2,520
Main resistance level – $ 2,620