Ethereum extended decline below the $2,800 support against the US Dollar. ETH price is correcting losses, but upsides might be limited above $2,800.
- Ethereum huet e grousse Réckgang ënner dem $ 2,880 Support Niveau ugefaang.
- De Präis handelt elo ënner $ 2,800 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
- Et war eng Paus iwwer eng gréisser bearish Trendlinn mat Resistenz bei $ 2,650 op der Stonneplang vun ETH / USD (Datafeed iwwer Kraken).
- D'Koppel konnt sech erholen, awer d'Bieren kënne bei $2,800 an $2,880 aktiv bleiwen.
Ethereum Präis an Dollar (USD)
Ethereum failed to stay above the $2,880 support zone and extended decline. ETH broke the $2,750 support level and the 100 hourly simple moving average to move further into a bearish zone.
The price even dived below the $2,640 support and traded as low as $2,575. It is now correcting higher and trading above the $2,640 level. Besides, there was a break above a major bearish trend line with resistance near $2,650 on the hourly chart of ETH/USD.
Ether price just moved above the 23.6% Fib retracement level of the key decline from the $3,188 swing high to $2,575 low. An immediate resistance on the upside is near the $2,755 level.
The next major resistance is near the $2,800 level and the 100 hourly simple moving average. A clear move above the $2,800 might send the price to $2,880. The 50% Fib retracement level of the key decline from the $3,188 swing high to $2,575 low is also near the $2,880 resistance zone.
Quell: ETHUSD op TradingView.com
A successful close above $2,880 might start a steady increase. In the stated case, the price could rise towards $3,000 (a major barrier for the bulls).
Frësch Réckgang an der ETH?
Wann d'Ethereum et net fäerdeg bréngt eng Erhuelungswell iwwer dem $ 2,800 Niveau ze starten, kann et en anere Réckgang starten. Eng initial Ënnerstëtzung um Nodeel ass no bei der $2,710 Niveau.
Déi nächst grouss Ënnerstëtzung ass no bei $ 2,650 Niveau. Eng Downside Paus ënner den $ 2,650 kéint e weidere grousse Réckgang ausléisen. Déi nächst grouss Ënnerstëtzung ass no bei $ 2,580 Niveau. All méi Verloschter kéinte fir eng Beweegung Richtung $ 2,450 an der kuerzfristeg fuerderen.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD gewënnt Tempo an der bullish Zone.
Stonn RSI - De RSI fir ETH / USD ass elo iwwer dem 50 Niveau.
Major Support Level - $ 2,650
Major Resistenzniveau - $ 2,800
Source: https://www.newsbtc.com/analysis/eth/ethereum-starts-recovery-hurdles/