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Price ethereum began a new decrease less than $ 2600. ETH now unifies losses and may try to recover over $ 2,550 resistance.
- ETHEREUM has started a new decrease less than $ 2,580.
- The price is traded to less than $ 2550 and the simple moving average is 100 hours.
- There is an emerging channel that is formed with support at $ 2490 on the watch graph from ETH/USD
- The husband can start a new increase if the resistance area of $ 2620 is settled in the short term.
ETHEREUM price cuts in the head of the upward trend
Ethereum price has started a new decrease less than the support level of $ 2600, such as Bitcoin. The price of ETH decreased to less than $ 2,550 and $ 2,540.
The bears even paid the price below $ 2,500. The husband tested a $ 2450 area and started a standardization stage. There was a simple step above the level of $ 2,520. Price Move down From 2,680 dollars, a high swing to a decrease of $ 2,456.
ETHEREMM price is now trading to less than $ 2,540 and a simple moving average for 100 hours. Moreover, there is an emerging channel formed with support at $ 2490 on the ETH/USD.
On the upper side, the price may face resistance near the level of $ 2,540. The following main resistance is located near the level of $ 2,565. It is close to the REERERERMENT level by 50 % of the transition to the landing of the 2,680 dollar hallway to a low level of $ 2,456. The first large resistance approaches the level of $ 2620.
It may send a clear step higher than $ 2,620 resistance the price to the 2660 dollar resistance. The climbing break on 2660 dollars may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of $ 2720 or even 2800 dollars in the short term.
More losses in ETH?
If Ethereum fails to scan $ 2,565 resistance, a new decrease may start. Initial support on the negative side is near the level of $ 2,490. The first main support sits near the $ 2,455 region.
A clear step below the support of $ 2,455 may pay the price towards $ 2,360 support. Any other losses may send the price to a 2.320 dollar support level in the near term. The next main support sits at $ 2,250.
Technical indicators
Every MACD watch – MACD for ETH/USD loses momentum in the Habboudia area.
Every RSI watch – RSI for ETH/USD is now higher than 50 regions.
Main support level – $ 2,455
The main resistance level – $ 2,565
