Ethereum has started steady growth above মার্কিন 3,250 and $ 3,300 against the US dollar. ETH prices are now fighting for power above $ 3,400 and 3,450.
- Ethereum began a negative correction after facing vendors near the $ 3,500 zone.
- Prices are now trading above the সর 3,200 and 100 hour simple moving averages.
- The hourly chart of ETH / USD (data feed via Kraken) had a break above a declining channel with resistance near $ 3,380.
- If the pair stays stable above the $ 3,275 support, it could start a new uptrend.
The price of etherium rises
Ethereum has gained strength to go above the $ 3,200 level. ETH has even risen above the $ 3,300 level and a simple simple average of 100 hours. However, the price failed near the $ 3,500 zone.
A high near $ 3,489 was formed before a similar negative correction to Bitcoin. Prices have been revised below the $ 3,350 support level. However, the bulls were active near the $ 3,275 level and near the simple simple average of 100 hours.
A low was formed around $ 3,275 and prices started a new rise. There was a break above the $ 3,350 resistance level. Ether has risen above the 50% Fib retracement level, moving from $ 3,489 swing high to down $ 3,275.
The hourly chart of ETH / USD had a break above a declining channel with resistance near $ 3,380. It is now hovering around 3, 3,380.
Source: ETHUSD on TradingView.com
An instantaneous resistance upside is near the $ 3,420 level. The first major resistance is near the $ 3,440 level. It is close to the .4..4% fib retracement level from the swing of $ 48.48 to below, 3.4. The next major resistance is near the $ 3,500 level, above which the price may accelerate towards 3,700.
Dips Ltd. at ETH?
If Ethereum fails to move above the resistance levels of $ 3,420 and 3,440, it could start a new negative correction. The initial support on the negative side is near the $ 3,350 level.
The first key support is now close to the $ 3,300 level and creating a simple simple moving average of 100 hours. If Ether fails to stay above $ 3,300 and 3,275, it could go down. The next major support could be near the 3,200 level.
MACD per hour – The MACD of ETH / USD is now losing momentum in the bullish zone.
RSI per hour – ETH / USD’s RSI is just above 50 levels.
Main support level – $ 3,275
The main resistance level – $ 3,440