Ethereum Battle Persists: Will It Overcome The Struggles?
The price of Ethereum has worked hard to last more than $ 3,420 and decreases. ETH is now close to $ 3,150, and it may be difficult to start new growth.
- Ethereum began a new decline in the resistance area of $ 3,420.
- Price transactions are less than 3,250 US dollars and 100 hours of simple moving average.
- There is a breakthrough below the key to receive the triangle. It supports $ 3,320 in ETH/USD’s hourly chart (through Kraken’s data referral).
- If the two stay at the support level of $ 3,150, they may increase again.
Ethereum price interrupt support
The price of Ethereum starts from the level of $ 3,280, just like BitcoinEssence ETH can exceed $ 3,320 and $ 3,350.
The two even exceeded $ 3,400 and tested $ 3,420. The establishment rate of high prices is $ 3,427, and the price corrects most of the income. The transfer of support levels below $ 3,320 and $ 3,220. In addition, in ETH/USD’s hourly chart, there is a breakthrough under the key triangle triangle and supports $ 3,320.
The low price is $ 3,161, and the two are now merging lossEssence The current transaction price of Ethereum price is less than $ 3,250 and 100 hours of simple moving average. In good aspects, the price seems to be facing obstacles at the level of $ 3,220, or from a swinging high of $ 3,427 to a low point of $ 3,161, or a 23.6 % FIB retracement level that moves downward.
The first main resistance is nearly $ 3,250. At present, the main resistance is formed from the retracement level of $ 3,300 or 50 % of the FIB, from a autumn height of $ 3,427 to $ 3,161 low.
The clear action of more than 3,300 US dollars of resistance may transfer the price to a resistance of $ 3,350. The rise and breakthrough of the resistance of more than 3,350 US dollars may require more benefits at the upcoming meeting. In the case of statement, it may rise towards a US $ 3,420 resistance area or even $ 3,500 in the short term.
ETH more losses?
If Ethereum cannot remove a resistance of $ 3,250, it may fall again. The initial support of the disadvantages is close to $ 3,150. The first main support is located near $ 3,120.
The clear behavior of support of less than $ 3,120 may push the price to the support of $ 3,050. In the short term, more losses may transfer the price to a support level of $ 3,020. The next key supports $ 3,000.
Technical indicator
MACD per hour – ETH/USD’s MACD is looking at the driving force.
RSI per hour – ETH/USD’s RSI is now lower than 50 areas.
Main support level-$ 3,150
Main resistance level-$ 3,250
