BITCOIN

Etherium can see the “lift” if it is able to hold a significant level


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.

Technical indicators

MACD per hourThe MACD of ETH / USD is now losing momentum in the bullish zone.

RSI per hourETH / USD’s RSI is just above 50 levels.

Main support level – $ 3,275

The main resistance level – $ 3,440



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