It struggled to struggle to continue higher above $3,420 and dipped. Eth is now approaching $3,150 and may be struggling to start a new uptrend.
- Ethereum started a new decline from the $3,420 messaging area.
- The price is trading below $3,250 and the 100-hour simple average.
- There was a break below a major contractual triangle with support at $3,320 on the hourly chart of eth/USD (data feed via Kracken).
- The pair could start another rise if it stays above the $3,150 support level.
Ethereum prices break support
The ethereum price started to move up moving up from the $3,280 level, as Bitcoin. It was able to cross the resistance levels between $3,320 and $3,350.
The pair even crossed $3,400 and tested $3,420. It was established high at $ 3,427 and the price is corrected by gains. A move below the $3,3,220 support levels was $3,220. In addition, there was a break below the contractual triangle with support at $3,320 on the hourly chart of Eth/USD.
It was established at $3,161 and the pair is now consolidating Call. The price of Ethereum is now trading below $3,250 and the 100-hour simple average. On the hostel, it seems that the price is disturbing obstacles near the level of $ 3,220 or the revised FIB level of downward movement from the low of $ 3,161.
The first major features are near the $3,250 level. The main enforcer is now forming near $3,300 or the Fib retracement level at 50% of the move down from the $3,427 swing high to the $3,161 low.
A clear move above the $3,300 figure may push the price towards the $3,350 calculation. A break above the $3,350 calculation may call for more gains in the available sessions. In the mentioned case, it could eat one towards the protection zone of $ 3,420 or even $ 3,500 near term.
More loss in et?
If Ethereum appears to clear the number of $3,250 against $3,250, it could start another decline. Initial support is on the downside near the $3,150 level. The first major support is near the $3,120.
A clear move below the $3,120 support could push the price towards the $3,050 support. More losses may push the price towards the $3,020 support level immediately. The next major support is in $3,000.
Technical indicators
In the hour – The name BE/USD is gaining momentum in the bear zone.
One hour rsi – The RSI for Eth/USD is now below the 50 zone.
Major support level – $3,150
Major Major Level – $3,250
(Tabstottranslate) Etherec
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