The price of Ethereum explodes: 10% of the culporrotea surge

ethereum Price began a new increase in the $ 2,080 zone. eth is now back from $ 2,400 and face obstacles near the level of $ 2,550.

• ethereum began a decent increase above the resistance zone of $ 2,350.
• The price is quoted above $ 2,350 and the single mobile average of 100 hours.
• There was a break over a key bearish tendency with resistance to $ 2,240 in the eth/USD -hour graph (data food through Kraken).
• The pair must erase the resistance levels of $ 2,500 and $ 2,550 to continue more.

ethereum Price Rallies 10%

ethereum Price extended losses below $ 2,200 before the Bulls appeared, such as bitcoin. eth proved the $ 2,080 zone and recently began a strong increase. There was a movement above the resistance levels of $ 2,200 and $ 2,320.

There was a break over a key bearish tendency with resistance to $ 2,240 in the eth/USD table. The couple even arose above the resistance level of $ 2,500. A maximum formed at $ 2,550 and the price is now correcting some profits.

There was a movement below the FIB recoil level of 23.6% of the upward movement of the minimum of $ 2,173 to the maximum of $ 2,550. The price of ethereum is now quoted above $ 2,350 and the simple mobile average of 100 hours.

On the positive side, the price seems to be facing obstacles near the level of $ 2,500. The first important resistance is close to the level of $ 2,520. The main resistance is now being formed about $ 2,550. A clear movement above the resistance of $ 2,550 could send the price to the resistance of $ 2,650.

An upward break over the $ 2,650 resistance may require more profits in the next sessions. In the established case, Ether could rise to the resistance zone of $ 2,780 or even $ 2,850 in the short term.

Another decrease in eth?

If ethereum cannot eliminate the resistance of $ 2,550, another decrease could begin. The initial support at the disadvantage is close to the level of $ 2,400. The first important support is close to the $ 2,360 zone or the FIB decrease level of 50% of the amount of the minimum of $ 2,173 to the maximum of $ 2,550.

A clear movement below the $ 2,360 support could boost the price towards the $ 2,320 support. More losses can send the price to the support level of $ 2,220 in the short term. The following key support is at $ 2,080.

Technical indicators

Macd per hour – The MacD for eth/USD is losing impulse in the upward zone.

RSI per hour – The RSI for eth/USD is now above zone 50.

Important support level: $ 2,360

Greater resistance level: $ 2,550