Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Este Artículo También Está Disponible and Español.
Ethereum -Price started a new decrease in the $ 1,690 zone. ETH is now consolidating and can fall further under the $ 1,580 support zone.
- Ethereum started a new decline after it could not be achieved to erase $ 1,700 and $ 1,720.
- The price trades under $ 1,620 and the 100-hour simple advancing average.
- There was a break under a new connecting bullish trend line with support for $ 1,625 on the hourly table ETH/USD (data special via Kraken).
- The couple can start a new increase if it knew the $ 1,640 resistance zone.
Ethereum -price stands for rejection
Ethereum -Price formed a base above $ 1,550 and started a new increase, such as Bitcoin. ETH was given pace for a movement above the resistance levels of $ 1,600 and $ 1,620.
The bulls even pumped the price above $ 1,650 zone. A high was formed at $ 1,690 and the prize recently corrected profit. There was a movement under the $ 1,640 support zone. By the way, there was a break under a new connecting bullish trend line with support for $ 1,625 on the ETH/USD card per hour.
The price tested the 50% FIB racement level of the upward movement of the $ 1,472 Swing low to the $ 1,690 high. Ethereum price is now being traded under $ 1,625 and the 100-hour simple advancing average.
At the top the price seems to have to do with obstacles near the level of $ 1,620. The next key resistance is near the level of $ 1,640. The first major resistance is near the level of $ 1,650. A clear movement above the $ 1,650 resistance can send the price to $ 1,690 resistance.

An upward break above the $ 1,690 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 1,750 resistance zone or even $ 1,800 in the short term.
More losses in ETH?
If Ethereum did not know the resistance of $ 1,640, this can start a new decline. The first support at the disadvantage is near the level of $ 1,580. The first major support is near the $ 1,555 zone and the 61.8% FIB retracement level of the upward movement of the $ 1,472 Swing low to $ 1,690 high.
A clear movement under the support of $ 1,555 can push the price to $ 1,525 support. All losses can send the price in the short term to the support level of $ 1,450. The following key support is at $ 1,420.
Technical indicators
Hour MacD – The MACD for ETH/USD is gaining strength in the bearish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Large support level – $ 1,580
Large resistance level – $ 1,640