Ethereum has started new growth from the অঞ্চ 2,750-2,780 support zone against the US dollar. The ETH price may revisit the key $ 3,150 resistance area in the near term.
- Ethereum has started a new rise above $ 3,000 after testing the 2,780 zone.
- Prices are now trading above the simple simple average of $ 3,000 and 100 hours.
- ETH / USD (data feed via Kraken) had a break above a key bearish trend line with resistance near $ 2,910 per hour on the chart.
- The pair could move towards the original $ 3,150 and $ 3,165 resistance levels in the near term.
The price of etherium gains traction
Ethereum was strong around 2,780 and started a new rise similar to Bitcoin. ETH was able to clear the resistance levels of $ 2,880 and 2,950 to enter a positive territory.
ETH / USD had a break above a key bearish trend line with resistance near $ 2,910 on the hourly chart. The pair crossed the 50% fib retracement level of the মূল 3,165 swing high to the মূল 2,788 minimum key decline.
Ether prices are now trading above 3,000 3,000 and above the simple moving average of 100 hours. It is hovering near the $ 3,040 resistance level. The bears appear to be protecting the 61.8% Fib retracement level from the $ 3,165 swing high to the পত 2,788 low.
Source: ETHUSD on TradingView.com
The first major resistance is near the $ 3,075 level. The key resistance is still near the 3,150 and 3,165 levels. A break above $ 3,150 and 3,165 could start uninterrupted growth. The next key resistance is around $ 3,200, above which the price may accelerate further.
Dips Ltd. at ETH?
If Ethereum fails to move above the resistance levels of $ 3,050 and 3,075, it could start a new negative correction. An initial support on the downside is near the 2,975 level.
First Key Support is now hovering around the 2,950 level and creating a simple moving average in 100 hours. If Ether fails to stay above $ 2,950, there is a risk of a bigger fall. In the case described, the price may slide towards the 2,800 level.
MACD per hour – The MACD of ETH / USD is now gaining momentum in the bullish zone.
RSI per hour – ETH / USD’s RSI is above 50 level.
Main support level – $ 2,950
Major resistance level – $ 3,075