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Ethereum Price has found support for $ 2,500 and has started a new increase. Eth is now increasing and could aim for a move above the $ 2,750 resistance area.
- Ethereum has started a decent increase in $ 2,550 and $ 2,620 levels.
- The price is exchanged over $ 2,540 and the simple 100 -hour mobile average.
- There is a lining line of connection with $ 2,550 on the ETH/USD time chart (data feed via Kraken).
- The torque could earn strength if it deletes the resistance of $ 2,750 in the short term.
The price of Ethereum increases the strength
Ethereum Price started a decent increase after Bitcoin was exchanged with a new historical maximum. Eth Bulls were active near the $ 2,500 area and the price rose above the resistance of $ 2,600.
There has been a move over the levels of $ 2,620 and $ 2,650. The price is even increased over $ 2,720. A maximum has been trained at $ 2,731 and the price is now consolidating the earnings above the FIB retracement level of 23.6% of the move upwards from the swing from $ 2,442 to low up to the maximum of $ 2,731.
The Ethereum price is now exchanged above $ 2,675 and the simple 100 -hour mobile average. There is also a bullish trend line that is formed with $ 2,550 support on ETH/USD timetable.
On the positive side, the price could face the resistance near the level of $ 2,740. The next resistance to the key is close to the $ 2,750 level. The first great resistance is close to the level of $ 2,800. A clear move above the resistance of $ 2,800 could send the price to the resistance of $ 2,840.

An upward break above the resistance of $ 2,840 may require further earnings in the next sessions. In the declared case, the ether could rise to the resistance area of $ 2,920 or even $ 3,000 in the short term.
Are the heaps limited in ETH?
If Ethereum cannot cancel the resistance of $ 2,750, a new decline could start. The initial support on the reverse of the medal is close to the level of $ 2,675. The first large support is located near the $ 2,550 area and the trend line. It is located near the FIB retracement level of 61.8% of the move upwards from the swing of $ 2,442 per low up to the maximum of $ 2,731.
A clear move below the support of $ 2,550 could push the price towards the support of $ 2,500. Other losses may send the price to the support level of $ 2,450 in the short term. The next key support is located at $ 2,420.
Technical indicators
Macd timetable – The MacD for Eth/USD is gaining momentum in the bullish area.
TIE TIME – The RSI for Eth/USD is now above the 50 area.
Main support level – $ 2,550
Main resistance level – $ 2,740