Ethereum price started a recovery wave above the $1,780 level against the US Dollar. ETH must clear $1,820 to start a decent increase in the near term.
- Ethereum is currently consolidating below the $1,820 resistance zone.
- De Präis handelt ënner $ 1,820 an den 100-Stonn Simple Moving Average.
- Et gëtt eng gréisser bearish Trendlinn déi sech mat Widderstand bei $ 1,818 op der Stonnekarte vun ETH / USD formt (Datafeed via Kraken).
- The pair could start a decent increase if it settles above the $1,820 resistance.
Ethereum Price Recovery Faces Hurdle
Ethereum’s price extended its decline below the $1,800 zone. ETH even declined below the $1,780 level before the bulls appeared near $1,760, similar to Bitcoin.
A low was formed near $1,761 and the price is currently attempting a recovery wave. It is trading above the 23.6% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low. Ether is now trading below $1,820 and the 100-hourly Simple Moving Average.
There is also a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low.
Immediate resistance is near the $1,818 zone and the trend line. The first major resistance is near the $1,820 level. A close above the $1,820 resistance could send Ether toward $1,845.
Quell: ETHUSD op TradingView.com
Déi nächst Resistenz sëtzt no bei $1,875, iwwer deem Ethereum op $1,920 eropgoe kéint. All méi Gewënn iwwer d'$ 1,920 Resistenzzone kéint de Präis op d'$ 2,000 Resistenz drécken.
Frësch Réckgang an der ETH?
Wann Ethereum net fäerdeg ass d'$1,820 Resistenz ze läschen, kann et eng aner bearish Welle starten. Déi initial Ënnerstëtzung um Nodeel ass no bei der $1,785 Niveau.
The next major support is near the $1,760 zone or the recent swing low. If there is a close below the $1,760 support, the price could start another major decline. In the stated case, the price might drop toward the $1,700 support zone. Any more losses may perhaps send the price toward the $1,660 level in the coming days.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD verléiert Momentum an der bullish Zone.
Stonn RSI - Den RSI fir ETH / USD ass iwwer dem 50 Niveau.
Major Support Level - $ 1,785
Major Resistenzniveau - $ 1,820
Source: https://www.newsbtc.com/analysis/eth/ethereum-price-liftoff-1820/