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Ethereum Price began a lower correction lower than $ 1,780. ETH is now consolidated near the $ 1,800 area and could target a decision over $ 1,820.
- Ethereum began a downward correction and was negotiated below $ 1,765 level.
- The price is negotiated over $ 1,770 and the mobile average at 100 hours.
- There is a lower connection trend line forming with resistance at $ 1,815 on the ETH / USD hourly graph (data flow via Kraken).
- The pair could start a new increase if it erases the resistance zone of $ 1,820.
Ethereum pricing eyes fresh gains
Ethereum the price remained stable above the level of $ 1,725 ​​and started a new increase, as Bitcoin. ETH exchanged as low as $ 1,746 and fell above the resistance level of $ 1,770.
There was a movement above the FIB trace level of 23.6% of the movement down of the swing from $ 1,857 to the highest at $ 1,746. The bulls even pushed the price to the Resistance at $ 1,800. However, there was no closure above the resistance of $ 1,800.
The price was rejected near the FIB level of retracement to 50% of the downward movement of the swing of $ 1,857 at the bottom of $ 1,746. There is also a lower connection line of connection forming with resistance at $ 1,815 on the ETH / USD time table.
Ethereum Price is now negotiated over $ 1,770 and the mobile average at 100 hours. Uplining, the price seems to be confronted with obstacles near the level of $ 1,800. The next key resistance is close to the level of $ 1,820.
The first major resistance is close to the level of $ 1,850. A clear decision above the resistance of $ 1,850 could send the price to the resistance of $ 1,920. An upward break above the resistance of $ 1,920 could require more gains in future sessions. In the case indicated, the ether could increase to the resistance zone by $ 1,950 or even $ 2,000 in the short term.
Another drop in eth?
If Ethereum fails to erase the resistance of $ 1,820, this could start a new drop. The initial support for the decline is close to the level of $ 1,770. The first major support is near the $ 1,750 area.
A clear decision below the $ 1,750 support could push the price to the $ 1,650 support. Other losses could send the price to the level of support of $ 1,620 in the short term. The next key support is $ 1,550.
Technical indicators
Schedule macD – The MacD for ETH / USD is gaining momentum in the bullish area.
House – The RSI for ETH / USD is now greater than zone 50.
Major level of support – $ 1,770
Major resistance level – $ 1,820
