The price of Ethereum has positive signs above USD 2680. ETH is gaining a pace, and a break above 2755 USD can cause stubborn movements.

• Ethereum still shows positive signs above USD 2650 zone.
• The price is sold above 2,720 USD and a 100-hour straight movable average.
• There is the following channel with a support of 2,725 USD on the ETH/USD hour chart (data channel via Kraken).
• The couple can start a decent upward movement if they set above 2755 USD and 2800 USD.

Ethereum price eyes break

The price of Ethereum remained supported above USD 2550, and recently began a decent up movement, but it was worse Bitcoin’s results. ETH has gained a pace above resistance levels of USD 2650 and $ 2660.

The price was cleaned up to 50% of the wave wave drain levels from a height of USD 2,845 to a low level of $ 2604. There was also traffic above the resistance level of 2,220 USD. In addition, the price is in line with the key channel with support in the amount of 2,725 USD on the ETH/USD hour chart.

The price of Ethereum is currently trading above 2,220 USD, and a 100-hour elementary movable average. On the other hand, the price seems to be charged near the 2,255 USD level. There is nearly 61.8% of the level of recovery of wave fibs from a height of USD 2845 to a low level of $ 2604.

The first high resistance is close to USD 2790. 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 boost 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 2,220 USD. The first vast support is located near the USD 2665 zone.

A clear traffic below $ 2,665 of support can speed up the price to support $ 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 2720

Main level of resistance – USD 2755