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Ethereum Price started a downward correction and tested the $ 1,750 area. Eth is now increasing and attempting a move above the resistance of $ 1,850.
- Ethereum has started a new recovery wave on the resistance of $ 1,800.
- The price is exchanged over $ 1,800 and the simple 100 -hour mobile average.
- There has been a break on a line of keywarm key with $ 1,820 resistance on ETH/USD time graphics (data feed via Kraken).
- The torque could continue to climb if the level of resistance of $ 1,850 breaks.
Ethereum’s price is higher
Ethereum Price started a downward correction from the $ 1,880 area, as Bitcoin. Eth has decreased below the support levels of $ 1,850 and $ 1,800. Finally, the price found support close to the $ 1,750 level.
A minimum was trained at $ 1,752 and the price started a new increase. There was a move over the resistance levels of $ 1,800 and $ 1.810. The price rises above the FIB retracement level of 50% of the move down from the $ 1.872 $ 1.872 to a minimum of $ 1.752.
In addition, there was a break on a line of keywarm key with a resistance to $ 1,820 on ETH/USD timetable. The Ethereum price is now exchanged above $ 1,800 and the simple 100 -hour mobile average.
On the positive side, the price seems to face obstacles close to the level of $ 1.840 and the FIB retracement level of 76.4% of the move down from the top of $ 1.872 at the top to a minimum of $ 1.752. The next resistance to the key is close to the $ 1,850 level. The first great resistance is close to the level of $ 1,880.
A clear move above the resistance of $ 1,880 could send the price to the resistance of $ 1,920. A pause above the $ 1,920 resistance may require further earnings in the next sessions. In the declared case, the ether could rise to the resistance area of $ 2,000 or even $ 2,050 in the short term.
Another decline of theh?
If Ethereum cannot cancel the resistance of $ 1,850, a new decline could start. The initial support on the downside is close to the level of $ 1,820. The first large support is located near the $ 1,810 area.
A clear move below the support of $ 1,810 could push the price towards the support of $ 1.780. Other losses may send the price to the support level of $ 1,750 in the short term. The next key support is located at $ 1,665.
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 – $ 1,810
Main resistance level – $ 1,850