The price of Ethereum started again a decrease in relation to the retaining zone of USD 2850. ETH has fallen by over 10% and tries to stay above USD 2,500.

• Ethereum is in the face of sales growth below the zone worth $ 2650.
• The price is sold below 2,250 USD and a 100-hour straight movable average.
• There is a low -term line of bear trend forming with a resistance of $ 2,600 on the ETH/USD hour chart (data channel via Kraken).
• The couple can start a decent upward movement if they set above USD 2,200 and USD 2650.

Ethereum price hits

The price of Ethereum did not pristine the resistance zone of USD 2850 and began a fresh decrease, such as Bitcoin. ETH has gained a pace below 2,720 and 2650 USD support levels to enter the bear zone.

The price dropped by over 10%, and even dropped below the support zone of USD 2550. The low was created at USD 2,458, and the price consolidates losses below 23.6% of the level of withdrawal of inheritance FIB from a height of USD 2,854 to the highest level of USD 2,458.

The price of Ethereum is currently listed below 2,200 USD, and a 100-hour uncomplicated movable average. There is also a low -term line of bear trend that creates a resistance of $ 2,600 on the ETH/USD hour chart.

On the other hand, the price seems to be charged near USD 2550. The first high resistance is close to $ 2600. The main resistance is currently nearly USD 2650 or 50% of the level of withdrawal of relegation FIB from a height of USD 2,854 to a low level worth USD 2,458.

A clear traffic above resistance in the amount of USD 2650 may send a price to a resistance of 2,750 USD. An additional break above 2750 USD resistance may require more benefits in the upcoming sessions. In the given case, the ether may enhance towards the resistance zone of USD 2850 or even USD 2920 in the near future.

More losses in ETH?

If Ethereum does not remove resistance of $ 2,600, he may start another decrease. Initial support is close to USD 2550. The first gigantic support is located near the USD 2,450.

A clear traffic below USD 2,450 can speed up the price for support of USD 2320. Any losses can send a price to the support level of USD 2,250 in the near future. Another key support is USD 2120.

Technical indicators

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

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

Main level of support – USD 2,350

Main level of resistance – USD 2650