The price of Ethereum has started a novel raise above the zone worth USD 2550. ETH is now consolidating profits and can strive for fresh traffic above USD 2620.

• Ethereum has started a novel raise above USD 2550.
• The price is sold above USD 2,580, and a 100-hour straightforward movable average.
• There is a key stubborn trend line with support of USD 2550 on the ETH/USD hour chart (data channel via Kraken).
• The couple can start a novel raise if the USD 2,550 is operated above in the near future.

Ethereum price is gaining pace

The price of Ethereum has started a novel raise above the zone worth $ 2,560, beating Bitcoin. The ETH price has gained a pace of traffic above the resistance zone worth $ 2,600 and entered the positive zone.

The price even tested a resistance of USD 2620. The highest level was created in the amount of USD 2627, and the price consolidates profits. It is stable above 23.6% of the upward FIB withdrawal level from USD 2,515 to $ 2627.

The price of Ethereum is currently trading above USD 2,580 and a 100-hour straight movable average. In addition, there is a key stubborn trend line with support of USD 2550 on the ETH/USD hour chart.

On the other hand, the price may encounter resistance near $ 2620. Another key resistance is near $ 2650. The first high resistance is close to $ 2680. A clear traffic above $ 2,680 of resistance may send a price in relation to the resistance of 2,288 USD.

An additional break above 2780 USD resistance may require more benefits in the upcoming sessions. In the given case, the ether may raise towards the resistance zone of USD 2880 or even USD 2920 in the near future.

Do the defects restricted in ETH?

If Ethereum does not immaculate the resistance of USD 2620, he may start a fresh decrease. Initial support in the minus is close to USD 2,570. The first immense support is located near the zone 2,520 USD and the trend line.

A clear traffic below USD 2,520 can accelerate the price in the direction of support in the amount of USD 2,450. Any losses can send a price of USD 2,350 in the near future. Another key support is USD 2,320.

Technical indicators

MacD hours – – MacD for ETH/USD loses the rush in the stubborn zone.

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

Main level of support – USD 2,520

Main level of resistance – USD 2620