Ethereum Price began a new bearish trend and negotiated below the level of $ 1850. At present, ETH is now recovering from losses and can face some challenges near the level of $ 1,850.
- Ethereum is continuously trying to recover and move higher above the level of $ 1,980.
- At present, the price is now quoted below $ 1,860 and also below the single mobile average of 100 hours.
- At $ 1,810 in the ETH/USD table, there is a linked bearish trend line that is formed with resistance.
- To start a normal increase, the PAR wants to pass the resistance levels of $ 1,850 and $ 1,880.
Ethereum recovery price attempts
Ethereum Price has not been able to respond to prices greater than $ 2,050 and began another decrease, such as Bitcoin. ETH rejected the support levels of $ 1,880 and $ 1,850.
The pair tested the $ 1,765 area. The minimum was made to $ 1,767, and the price is currently trying to recover. The price was a movement greater than the $ 1,800 resistance. The price has passed the FIB recoil level of 23.6% of the current decrease of $ 2,033 to the maximum of $ 1,767.
At $ 1,810 in the table per hour of the ETH/USDThere is a linked bearish trend line that is formed with resistance. At present, the price is now quoted below $ 1,860 and also below the single mobile average of 100 hours.
On the upper side, the price may experience resistance near the level of $ 1,850, and the following key resistance is close to the level of $ 1,860. The first largest resistance is close to the level of $ 1,900, and 50% of the FIB recoil level is in a descending direction, and moves from the maximum of $ 2,033 to the minimum of $ 1,767.
A clear movement above the $ 1,900 resistance can send the price to the $ 2,200 resistance. An upward resistance movement of $ 2,000 can obtain more profits in the next sessions. In the established case, Ether will grow towards the resistance zone of $ 2,050 or even $ 2,120 in the short term.
Another decrease in ETH?
If Ethereum cannot pass the resistance zone of $ 1,850, then another fall will begin. The first support in the inconvenience is close to the level of $ 1,800, and the following support is close to the $ 1,780 area.
A clear movement under the $ 1,780 support can boost the price near the $ 1,765 support. If the price continues to decrease in the direction level of $ 1,710 in the short term. The next key support is close to $ 1,665.
ETH technical analysis
RSI per hour (relative force index): the RSI for ETH/USD is currently greater than zone 50.
MACD per hour (Mobile average convergence divergence): The MACD for ETH/USD currently shows a decreasing impulse in the bearish zone.
- $ 1,800 – Important support level
- $ 1,850 – higher resistance level
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