Ethereum has started steady growth above $ 3,000 against the US dollar. The ETH price needs to clear $ 3,200 to continue higher in the near term.
- Ethereum has started a strong rise from the অঞ্চ 2,750 support zone.
- Prices are now trading above 3,000 3,000 and near the simple moving average of 100 hours.
- ETH / USD (data feed via Kraken) had a major downside channel break with resistance near $ 2,925 per hour on the chart.
- The pair must cross $ 3,175 and $ 3,200 to continue to rise in the near term.
Ethereum prices are rising fast
Ethereum has found a strong support near 2,750 and has started a new rise similar to Bitcoin. ETH broke the resistance levels of 2,880 and 2,950 to move into positive territory.
ETH / USD also had a break in a major bearish channel with resistance near $ 2,925 on the hourly chart. The pair has settled above 3,000 3,000,000 and close to the 100-hour simple moving average. It has gained traction and has risen above $ 3,100.
Ether prices are now facing resistance near the $ 3,175 zone. It traded as high as 3,165 and is currently correcting a low. An immediate support is sitting near the $ 3,065 level. It is 23 3,165 higher from the .6 2,740 swing low near the upward move of the 23.6% Fib retracement level.
Source: ETHUSD on TradingView.com
Side upward, immediate upward near an immediate resistance of the $ 3,165 level. The first major resistance is near the $ 3,175 level. The main breakout zone could be closer to the 3,200 zone. A price above $ 3,200 resistance could push further. In the case described, the price could rise to $ 3,320.
ETH supported dips?
If Etherium fails to move above the resistance levels of $ 3,165 and 3,200, it could start a negative correction. Negative side initial support is near the $ 3,065 level.
The next major support seems to be near the $ 3,000 level and the simple simple moving average of 100 hours. Any further damage from নিম্ন 2,740 swing low to $ 3,165 high to 9 2,950 can call for a test of the 50% Fib retracement level of the ward upward move. If Ether fails to stay above $ 2,950, it could resume its decline in the near term.
MACD per hour – The MACD for ETH / USD is slowly losing momentum in the bullish zone.
RSI per hour – The RSI of ETH / USD is now above the 50 level.
Main support level – $ 3,065
Major resistance level – $ 3,175