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Ethereum -Price started a new rise in $ 1,720 resistance. ETH now corrects profits and can view the $ 1,700 support zone.
- Ethereum started a new meeting above $ 1,720 zone.
- The price is traded above $ 1,700 and the 100-hour simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 1,780 on the hour table ETH/USD (data special via Kraken).
- The couple can start a new increase if it knew the $ 1,800 resistance zone.
Ethereum -Prize signals Signals Correction
Ethereum -Price remained stable above the level of $ 1,680 and started a new increase, such as Bitcoin. ETH traded above the level of $ 1,720 and $ 1,750. The bulls even pumped the price above the $ 1,800 level.
A high was formed at $ 1,834 and the price recently started a disadvantage correction. There was a movement below the 23.6% FIB racement level of the upward movement of the $ 1,565 swing low to $ 1,834 high. The price even dropped below the level of $ 1,780.
There is also a connecting Bearish trend line that forms with resistance at $ 1,780 on the ETH/USD card per hour. Ethereum price is now traded above $ 1,720 and the 100-hour simple advancing average.
At the top the price seems to have to do with obstacles near the level of $ 1,780 and the trend line. The next key resistance is near the level of $ 1,800. The first major resistance is near the level of $ 1,840. A clear movement above the $ 1,840 resistance can send the price to the $ 1,920 resistance.
An upward break above the $ 1,920 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 1,950 resistance zone or even $ 2,000 in the short term.
Are dips limited in ETH?
If Ethereum did not know the resistance of $ 1,780, this can start a new decline. The first support on the disadvantage is near the level of $ 1,725. The first major support is near the $ 1,700 zone and the 50% FIB retracement level of the upward movement of the $ 1,565 Swing low to $ 1,834 high.
A clear movement under the support of $ 1,700 can push the price to $ 1,650 support. More losses can send the price in the short term to the support level of $ 1,620. The following key support is at $ 1,550.
Technical indicators
Hour MacD – The MACD for ETH/USD loses momentum in the bullish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Major support level – $ 1,700
Large resistance level – $ 1,800
