ETHEREUM price has started a new decrease less than $ 4,050. ETH is now struggling and it has declined more if it breaks the support area of $ 3,850.
- ETHEREUM failed to extend the gains and decreased less than the 4000 dollar area.
- The price is traded less than $ 4,050 and the simple moving average is 100 hours.
- There is a major landing line formed with resistance at 4,050 dollars on the ETH/USD (data feeding across Kraken).
- The husband can continue to move if less than $ 3,880 and $ 3,850.
Ethereum price has decreased more
The price of Ethereum remained in A. The landing area After settling less than $ 4,250, such as Bitcoin. The price of ETH decreased to less than $ 4,120 and the support level of $ 4,050.
The bears even paid the price to less than $ 4000. A decrease was formed at $ 3,826 and the price recently started a simple recovery wave. There was a higher step than the RENDRATION level 23.6 % of the descending wave of the 4,275 dollar hawk to a decrease of $ 3,826.
However, the bears remained active near the resistance area of $ 3950. The ETHEREUM price is now trading to less than $ 4000 and the simple moving average is 100 hours. Moreover, there is a major landing line formed with resistance at 4,050 dollars on the ETH/USD.
On the upper side, the price may face resistance near the level of $ 4000. The following main resistance is approaching $ 4,050 or FIB re -imitation level by 50 % of the descending wave of the 4,275 dollar swing to a low level of 3,826 dollars. The first large resistance approaches the level of $ 4,120. A clear step on $ 4,120 may send the price to $ 4,150 and trend.
A lounge in the upward trend over the 4,250 dollar area may require more gains in the upcoming sessions. In the specified case, the ether may rise towards the resistance area of $ 4320 or even 4350 dollars in the short term.
More losses in ETH?
If Ethereum fails to scan 4,050 dollars resistance, it may start a new decrease. Initial support on the downside is near the level of $ 3880. The first main support sits near the $ 3,820 region.
The clear step may lead to 3,820 dollars to pay the price towards $ 3,750 support. Any other losses may send the price to a $ 3,720 region in the short term. The next main support sits at $ 3,650.
Technical indicators
Every MACD watch – MACD is acquired for ETH/USD momentum in the Habboudia area.
Every RSI watch – RSI for ETH/USD is now less than area 50.
Main support level – $ 3,820
The main resistance level – $ 4,050
