Ethereum Price Gains Traction: Can It Sustain the Climb?
The price of Ethereum began to rise higher than $ 3,220. ETH is now merging and may exceed $ 3,270.
- Ethereum began a new growth of regions above $ 3,120.
- The price of the price is more than $ 3,200 and a simple moving average of 100 hours.
- There is a breakthrough on the critical decline trend line. The resistance is $ 3,200 on the hourly chart of ETH/USD (through the Kraken data).
- If the two keep above $ 3,200, they may increase again.
Ethereum price recovery
The price of Ethereum starts from a area of $ 3,020, BitcoinEssence ETH can enter the positive area with a resistance level of more than $ 3,120 and $ 3,150.
Breakthroughs above the critical drop of trend line, the resistance is $ 3,200, on ETH/USD’s hour chart. The two exceeded the 50 % FIB retracement level from a wing of $ 3,427 to $ 3,020.
However, Xiong is now active nearby $ 3,270 and $ 3,280 resistance levelEssence The current transaction price of Ethereum prices exceeds $ 3,200 and a simple moving average of 100 hours.
In good aspects, the price seems to face an obstacle of $ 3,270, and the level of 61.8 % FIB retracement is not low from a wing of $ 3,427 to $ 3,020. The first main resistance is nearly $ 3,330. Now, the formation of the main resistance is nearly $ 3,360. The clear action of resistance than $ 3,360 may transfer the price to a resistance of $ 3,450.
The rise and breakthrough of resistance than $ 3,450 may require more benefits at the upcoming meeting. In the case of statement, Ether may rise towards a $ 3,550 resistance area or even $ 3,650 in the short term.
Is there another game?
If Ethereum fails to remove a resistance of $ 3,270, it may fall again. The shortcomings of the shortcomings are close to $ 3,220. The first main support is around $ 3,200.
The clear move of less than $ 3,200 may push the price to the support of $ 3,120. In the short term, more losses may transfer the price to a support level of $ 3,050. The next key supports $ 3,000.
Technical indicator
MACD per hour – ETH/USD’s MACD is looking at the bullish area to gain momentum.
RSI per hour – ETH/USD’s RSI is now higher than 50 areas.
Main support level-$ 3,200
Main resistance level-$ 3,270
