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The price of Ethereum remained supported above USD 1980. ETH is growing now and can strive for traffic above resistance in the amount of USD 2,050.
- Ethereum has improved the lower level of USD 1980.
- The price is sold below USD 2,040 and a 100-hour straight movable average.
- There is a connecting line of bears treated with resistance in the amount of USD 2050 on the ETH/USD hour chart (data channel via Kraken).
- The pair must pristine the resistance levels of USD 2,050 and USD 2100 to start a decent growth.
The price of Ethereum faces resistance
The price of Ethereum was not higher above USD 2100 and did not improve some of the profits such as Bitcoin. ETH has fallen below the level of support 2,020 USD and $ 2000.
Tested the zone 1,980 USD. Low was created at 1,982 USD and the price is growing again. There was traffic above USD 2000. The price exceeded 23.6% of the level of FIB recovery of the last inheritance from a height of 2,097 USD to a low level 1,982 USD.
The price of Ethereum is currently listed below USD 2,040 and a 100-hour uncomplicated movable average. There is also a connecting bearing trend line that formed with resistance of USD 2050 on the ETH/USD hour chart.
On the other hand, the price seems to be charged near USD 2,040 and 50% of the recovery level of a recent decrease from $ 2,097 to the highest level of USD 1,982. Another key resistance is close to USD 2,050. The first high resistance is close to USD 2100.
A clear movement above the resistance of USD 2,300 may send a price to a resistance of USD 2150. An additional break above USD 2150 may require more benefits in the upcoming sessions. In the given case, the ether may raise towards the retaining zone of USD 2,250 or even USD 2,2420 in the near future.
More losses in ETH?
If Ethereum does not remove resistance of USD 2,050, he may start another decrease. Initial support in the minus is close to $ 2,000. The first huge support is located near zone USD 1,980.
A clear traffic below 1,980 USD support can accelerate the price towards support 1,920 USD and trend line. Any losses can send the price to the support level of USD 1,880 in the near future. The next key support is USD 1,810.
Technical indicators
MacD hours – – MacD for ETH/USD loses the rush in the stubborn zone.
RSI hours – – RSI for ETH/USD is now below zone 50.
Main level of support – USD 2000
Main level of resistance – USD 2050
