Ethereum Price fought for further above USD 3220 and immersed. ETH is now consolidating losses and may encounter resistance near the USD 3200 zone.

• Ethereum began a fresh decrease below the zone $ 3150.
• The price is sold below USD 3,200, and a 100-hour straight movable average.
• There is a key line of bears treated formed with a resistance of USD 3,250 on the ETH/USD hour chart (data channel via Kraken).
• The couple may start another decrease if they remain below USD 3220.

The price of ethereum will fall again

The price of Ethereum started again a decrease below USD 3,250 and USD 3200, such as Bitcoin. ETH dropped even below USD 3,050 before the appearance of bulls.

Low was created at 3 021 USD, and the price has recently improved some losses. There was traffic above levels 3120 and $ 3150. The price exceeded the slimming level of 23.6% of the relegation wave from $ 3,425 to low level $ 3 021.

The bears, however, were vigorous near the resistance of $ 3,220. The price of Ethereum is currently listed below USD 3,200 and a 100-hour straightforward movable average. There is also a key line of bears trend formed with a resistance of USD 3,250 on the ETH/USD hour chart.

On the other hand, the price seems to be charged near USD 3150. The first sedate resistance is close to USD 3220, trends and 50% of the wave wave recovery level from a height of USD 3,425 to a low level of USD 3,021.

The main resistance is now nearly USD 3270. A clear traffic above resistance in the amount of USD 3,270 may send a price up to USD 3350. An additional break above USD 3350 may require more benefits in the upcoming sessions. In the given case, the ether may escalate towards the resistance zone of USD 3,420 or even 3,500 USD in the near future.

More losses in ETH?

If Ethereum does not remove resistance of USD 3,220, he may start another decrease. Initial support in the minus is close to USD 3,050. The first immense support is located near USD 3,020.

A clear move below the support of $ 3,020 can accelerate the price in the direction of 3000 USD support. Any losses can send a price of USD 2,950 in the near future. Another key support is USD 2880.

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 3,050

Main level of resistance – USD 3,020