Can Bulls Turn It Around?
The price of Ethereum strives to last more than $ 3,220 and decreases. ETH is now consolidating losses, and may face resistance near $ 3,200.
- Ethereum began to decline at a area below $ 3,150.
- The price of the price is less than 3,200 US dollars and a simple moving average of 100 hours.
- At the ETH/USD’s hourly chart (through Kraken’s data referral), there is a key drop of trend line with a resistance of $ 3,250.
- If the two keep below the level of $ 3,220, they may fall again.
Ethereum price fell again
The price of Ethereum began to fall below $ 3,250 and 3,200, such as BitcoinEssence Before the emergence of the bull, ETH was even less than $ 3,050.
The low price is $ 3,021, the price has been corrected recently lossEssence Movement of more than $ 3,120 and $ 3,150. The price of the price from $ 3,425 to a low of 3,021 US dollars exceeded the level of 23.6 % of the FIB retracement level.
However, bears are in a state of activity near the $ 3,220 resistance. The current transaction price of Ethereum price is less than $ 3,200, and the simple moving average of 100 hours is the same. In the ETH/USD hour table, there is also a key decoction trend line with a resistance of $ 3,250.
In good aspects, the price seems to be facing the level of $ 3,150. The first main resistance is nearly 3,220 US dollars, and the level of 50 % FIB retracement of the downward waves is from a low of $ 3,425 to a low of 3,021 US dollars.
Now, the formation of the main resistance is close to $ 3,270. The clear action of resistance than $ 3,270 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 the resistance of $ 3,220, it may fall again. The initial support of the disadvantage is close to $ 3,050. The first main support is located near $ 3,020.
The clear behavior of support of less than $ 3,020 may push the price to $ 3,000 support. In the short term, more losses may transfer the price to a support level of $ 2,950. The next key supports $ 2,880.
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-$ 3,050
Main resistance level-$ 3,020
