Ethereum Price began a new decrease in the level of $ 1,850. At present, ETH is stabilizing around the $ 1800 zone and can point to a step above $ 1,820.
MAIN CONCLUSIONS:
- Ethereum began a market setback and negotiated under the level of $ 1,800.
- The price is quoted above $ 1,780 and the simple mobile average of 100 hours.
- There is a short -term construction of a convergent triangle pattern with $ 1,810 resistance in the ETH/USD chart.
- The couple will begin a new growth if it exceeds the resistance level of $ 1,850.
Ethereum Eyes continued up potential
Ethereum prices still remain above the level of $ 1,745 and begin a new growth, such as Bitcoin. ETH turned to the resistance level of $ 1,800 before the market became bassist.
A peak was developed at $ 1,842, and the price adjusted recent profits. There was a passage under the level of $ 1,820. The price fell under the 50% fib setback level of the upward trend from the drop of $ 1,746 to the $ 1,842 peak.
However, buyers are still active near the level of $ 1,780 and the 61.8% of the upward trend from the fall of $ 1,746 to the peak of $ 1,842.
At present, the price of Ethereum is quoted above $ 1,780 and the simple mobile average of 100 hours. On the positive side, the price seems to be finding obstacles around $ 1,810. The next important resistance point is about $ 1,820. A short -term triangle is also forming with resistance to $ 1,810 in the ETH/USD table.
The first large resistance point is around $ 1,850. If the price moves clearly above $ 1,850, it could increase to $ 1,920. If it breaks above $ 1,920, there could be more profits in the next sessions. In that case, Ether could reach $ 1,950 or even $ 2,000 soon.
Another fall in ETH?
If Ethereum cannot exceed the resistance of 1,850, then there will be a new fall. The first support in the inconvenience is close to the level of $ 1,780. The first key support is around the $ 1,750 zone.
A clear movement under $ 1,750 support can boost the price near the $ 1,620 support. Any additional loss could bring the price to the support level of $ 1,600 soon. The next important support point is $ 1,550.
Ethereum technical signals:
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 positive impulse in the upward zone.
- $ 1,780 – Important support level
- $ 1,850 – higher resistance level
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