The price of Ethereum started again a decrease in relation to the $ 2350 resistance zone. ETH consolidates losses and can extend the losses for the support of $ 2000.

• Ethereum is in the face of sales growth below the zone worth USD 2,350.
• The price is traded below USD 2,250 and a 100-hour plain movable average.
• There is a key line of bears treated for forming a resistance of USD 2260 on the ETH/USD hour chart (data channel via Kraken).
• The couple can start a decent recovery wave if they set above USD 2,250 and USD 2,350.

The price of ethereum will go further

The price of Ethereum did not spotless the resistance zone of USD 2,450 and began a fresh decrease, such as Bitcoin. ETH has gained a pace below USD 2,350 and USD 2,320 support levels to move further in the bear zone.

The price dropped by over 5%, and even sold below the USD 2220 support zone. Low was created at USD 2123, and the price consolidates losses. It shows many bear signs below 23.6% of the level of withdrawal FIB wave down from a height of USD 2,520 to a low level of USD 2123.

The price of Ethereum is currently listed below USD 2,250 and a 100-hour plain movable average. There is also a key line of bears treated with resistance in the amount of USD 2,260 on the ETH/USD hour chart.

On the other hand, the price seems to be charged by USD 2220. The first high resistance is near the USD 2,250 or trend line and 50% of the wave wave slimming level from $ 2,520 to a low level of USD 2123.

The main resistance is now nearly USD 2,350. A clear traffic above USD 2,360 can send a price in relation to resistance of USD 2,450. An additional break above USD 2550 resistance may require more benefits in the upcoming sessions. In the given case, the ether may escalate towards the resistance zone of USD 2,500 or even USD 2550 in the near future.

More losses in ETH?

If Ethereum does not remove resistance of USD 2,250, he may start another decrease. Initial support is near USD 2120. The first gigantic support is located near the zone 2,050 USD.

A clear traffic below support in the amount of USD 2,050 can speed up the support price of $ 2,000. Any losses can send the price to the support level of USD 1,880 in the near future. Another key support is USD 1750.

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 2120

Main level of resistance – USD 2,260