Ethereum Rally kéint erëm ufänken, Firwat Bulls kéinten $ 1,800 zielen

Ethereum corrected a few points from the $1,633 high against the US Dollar. ETH remains well supported above the $1,480 level and might start a fresh rally.

• Ethereum started a consolidation phase below the $1,600 resistance zone.
• De Präis handelt elo iwwer $ 1,500 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
• Et gëtt eng gréisser bullish Trendlinn mat Formen Ënnerstëtzung no bei $ 1,480 op der Stonnekarte vun ETH / USD (Datafeed via Kraken).
• The pair could continue to rise if there is a clear move above the $1,600 zone.

Ethereum Präis Aen Méi Upsides

Ethereum extended rally above the $1,450 and $1,500 levels. ETH cleared the 1,550 $ Resistenzzone to move further into a positive zone.

The price even rallied above the $1,600 resistance zone and settled well above the 100 hourly simple moving average. Ether price traded as high as $1,633 before there was a downside correction. There was a move below the $1,550 support zone.

The price dipped below the 23.6% Fib retracement level of the erop réckelen from the $1,325 swing low to $1,633 high. However, the bulls were active above the $1,500 support zone.

Besides, there is a major bullish trend line forming with support near $1,480 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the upward move from the $1,325 swing low to $1,633 high. An immediate resistance on the upside is near the $1,600 level.

Source: ETHUSD op TradingView.com

The first major resistance is near the $1,630 zone. A clear move above the $1,630 level could start another major increase. The next key barrier is near the $1,700 level, above which the price might gain strength and rise towards the $1,800 resistance zone.

Dips Ënnerstëtzt an der ETH?

Wann Ethereum net iwwer d'$1,600 Resistenz eropgeet, kann et eng Downside Korrektur ufänken. Eng initial Ënnerstëtzung um Nodeel ass no bei der $1,520 Zone.

The next major support is near the $1,480 zone and the trend line. Any more losses might even push ether price below the $1,450 support. In the stated case, the price could drop toward the $1,400 level or the 100 hourly simple moving average.

technesch Indicateuren

Ofleen MACD - De MACD fir ETH / USD gewënnt elo Dynamik an der bullish Zone.

Stonn RSI - De RSI fir ETH / USD ass elo iwwer dem 50 Niveau.

Major Support Level - $ 1,480

Major Resistenzniveau - $ 1,600