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Price Ethereum has started a new decrease from the 2850 dollar resistance area. ETH has decreased more than 10 % and struggled to stay higher than $ 2500.
- Ethereum faces an increase in sale without a $ 2650 region.
- The price is traded less than $ 2,750 and the simple moving average is 100 hours.
- There is a short -term declining trend that is formed with resistance at $ 2,600 on the ETH/USD (data feeding).
- The husband can start in a decent upward step if he settles $ 2600 and $ 2650.
Ethereum price takes a blow
Etherum Price failed to scan the 2850 -dollar resistance area and began to decrease a new, such as Bitcoin. ETH has gained a pace of less than $ 2,720 and a support level of $ 2650 to enter the landing zone.
The price decreased by more than 10 % and even lower to the support area of $ 2550. A decrease has been formed at 2,458 dollars, and the price is now unifying the losses be below the FIB scattered level by 23.6 % of the transfer to the bottom of the alternative of $ 2,854 to less than $ 2,458.
The Ethereum price is now trading to less than 2600 dollars and the simple moving average is 100 hours. There is also a short -term declining trend line that is formed with resistance at 2600 dollars on the ETH/USD.
In the upward direction, the price appears to face obstacles near the level of $ 2,550. The first main resistance approaches the level of $ 2600. The main resistance is now approximately $ 2,650 or a 50 % RERERERMRSED level of FIB to move down from the alternative of $ 2,854 to a low level of $ 2,458.
You may send a clear step over $ 2,650 resistance, the price is about $ 2750. The bullish trend break on 2750 dollars may require more gains in the upcoming sessions. In the mentioned case, the ether may rise towards the resistance area of $ 2850 or even 2920 dollars in the near term.
More losses in ETH?
If Ethereum fails to scan 2600 dollars resistance, it may begin to decrease another. Initial support on the negative side is near the level of $ 2,550. The first main support sits near the $ 2450 area.
The clear step may lead to the support of $ 2,450 to pay the price towards $ 2,320 support. Any other losses may send the price to the 2-250 dollar support level in the short term. The following main support sits in $ 2,120.
Technical indicators
Every MACD watch – MACD is acquired for ETH/USD momentum in the Habboudia area.
Every RSI watch – RSI for ETH/USD is now less than area 50.
Main support level – $ 2,450
The main resistance level – $ 2,650
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