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The price of Ethereum started again a decrease below the zone USD 2550. ETH now shows a few bears below the level of turnover in the amount of USD 2,500.
- Ethereum began again a decrease below USD 2550.
- The price is sold above USD 2,500, and a 100-hour straight movable average.
- There was a break below the key channel, with $ 2610 service on the ETH/USD hour chart (data channel via Kraken).
- The couple can extend the losses if in the near future they trade below the support zone of USD 2,400.
The price of ethereum consolidates losses
The price of Ethereum started a decrease again after it was not possible to exceed USD 2650, as did Bitcoin. The price of ETH has fallen below the support levels of USD 2565 and USD 2550.
In addition, there was a break below the key channel, with support of $ 2610 on the ETH/USD hour chart. The couple even immersed below the support level of USD 2,500. Low was created at USD 2,394, and the price consolidates losses.
The price of Ethereum is currently listed below USD 2,500 and a 100-hour basic movable average. On the other hand, the price may encounter resistance near USD 2,460. It is nearly 23.6% of the level of withdrawal FIB from $ 2680 to a low level of USD 2394.
The next key resistance is close to USD 2,500. The first high resistance is close to USD 2540. It is similar to 50% of the downward withdrawal levels down from $ 2680 to a low level worth USD 2,394. A clear traffic above resistance in the amount of USD 2540 may send a price to a resistance of $ 2,600.
An additional break above $ 2600 may require more benefits in the upcoming sessions. In the given case, the ether may escalate towards the resistance zone of USD 2650 or even 2,2720 USD in the near future.
More losses in ETH?
If Ethereum does not pristine the resistance of USD 2,500, he may start a fresh decrease. Initial support on the minus is close to USD 2,400. The first vast support is located near the USD 2380 zone.
A clear traffic below USD 2,380 can accelerate the price in support of USD 2,350. Any losses can send a price of USD 2320 in the near future. Another key support is USD 2,250.
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 2320
Main level of resistance – USD 2,500
