Ethereum Price began a new increase above the $ 2,720 area. ETH now consolidates gains and could target a new decision above $ 2,800.
- Ethereum began a new increase above $ 2,650 level.
- The price is negotiated above $ 2,720 and the mobile average at 100 hours.
- There is a key parabolic curve that forms with the support at $ 2,750 on the ETH / USD hourly table (data flow via Kraken).
- The pair could trigger a new increase if it remains taken over above the $ 2,720 area in the short term.
Ethereum price rolling above $ 2,700
Ethereum Price began a new increase above the $ 2,650 area, beating Bitcoin. The price of the ETH has acquired a pace for a step above the resistance zone of $ 2,720 and entered a positive area.
The price even tested the resistance of $ 2,800. A summit was formed at $ 2,795 and the price now consolidates gains. It is stable above the FIB trace level of 23.6% of the bottom movement of the bottom of $ 2,516 at a level of $ 2,795.
Ethereum Price is now negotiated above $ 2,720 and the Simple mobile average at 100 hours. In addition, there is a key parabolic curve that forms with $ 2,750 support on the ETH / USD time table.
Uplining, the price could face resistance near the level of $ 2,800. The next key resistance is close to the level of $ 2,840. The first major resistance is close to the level of $ 2,880. A clear decision above the resistance of $ 2,880 could send the price to the resistance of $ 2,910.
An upward break above the resistance of $ 2,910 could require more gains in future sessions. In the indicated case, the ether could increase to the resistance zone by $ 2,980, or even $ 3,000 in the short term.
Are the drawbacks supported in ETH?
If Ethereum fails to erase the resistance by $ 2,800, this could start a new drop. The initial decline support is close to the level of $ 2,750. The first major support is near the $ 2,720 area.
A clear decision below the $ 2,720 support could push the price to the $ 2,650 support or the FIB retracement level at 50% of the swing movement of $ 2,516 at a level of $ 2,795. Other losses could send the price to the level of support of $ 2,550 in the short term. The next key support is $ 2,500.
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 – $ 2,720
Major resistance level – $ 2,800