The price of Ethereum has positive signs above USD 2650 zone. ETH is growing like Bitcoin and can start another escalate in the near future.

• Ethereum still shows positive signs above USD 2620 zone.
• The price is sold above USD 2680, and a 100-hour straight movable average.
• There was a break above the key contract triangle with a resistance of 2,700 USD on the ETH/USD hour chart (data channel via Kraken).
• The couple can start a decent upward movement if they set above 2,725 USD and 2,755 USD.

Ethereum price eyes break

The price of Ethereum remained supported above USD 2,500, and recently has started a decent up move, such as Bitcoin. ETH broke the resistance worth $ 2620 to switch to a brief -term stubborn zone.

There was a break above the key contract triangle with a resistance of 2,700 USD on the ETH/USD hour chart. The price was able to exceed USD 2,720 and tested 50% of the level of reducing FIB of inheritance movement from a height of USD 2,845 to a low level of $ 2605.

The price of Ethereum is currently trading above USD 2680 and a 100-hour basic movable average. On the other hand, the price seems to be charged near USD 2725.

The first grave resistance is close to 2,255 USD or 61.8% of the level of withdrawal FIBs from $ 2,845 to a low level of $ 2605. The main resistance is currently nearly USD 2800 or USD 2820.

A clear traffic above resistance in the amount of USD 2820 may send a price of $ 2,880. An additional break above 2880 USD resistance may require more benefits in the upcoming sessions. In the given case, the ether may escalate towards the resistance zone of USD 2,920 and even 3000 USD in the near future.

Another decrease in ETH?

If Ethereum does not remove resistance of 2,755 USD, he may start another decrease. Initial support in the minus is close to 2,200 USD. The first immense support is located near the $ 2660 zone.

A clear traffic below $ 2,660 of support can accelerate the price to support in the amount of USD 2620. Any losses can send the price to the support level of USD 2550 in the near future. Another key support is USD 2500.

Technical indicators

MacD hours – – MacD for ETH/USD takes a rush in a stubborn zone.

RSI hours – – RSI for ETH/USD is now above zone 50.

Main level of support – USD 2660

Main level of resistance – USD 2755