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The price of Ethereum has started a recent augment above the zone 2,250 USD. ETH now corrects profits and can test the 2680 USD support zone.
- Ethereum has started a recent augment above USD 2800.
- The price is sold above 2,250 USD, and a 100-hour straight movable average.
- There was a break below the key stubborn trend line with a support of 2800 USD on the ETH/USD hour chart (data channel via Kraken).
- The couple can start a recent augment if they stay above USD 2,280 in the near future.
The price of ethereum improves profits
The price of Ethereum has started a recent augment after the sense of support near the level of USD 2550, beating Bitcoin. The price of ETH was able to immaculate the resistance levels of USD 2650 and 2,720 USD.
Bulls exceeded the price above USD 2800. ETH even increased above USD 2850. The amount was created at the level of USD 2880, and the price is now corrected. There was a traffic below 23.6% of the level of withdrawal of FIB movement from a swing worth $ 2,483 up to USD 2,880.
In addition, there was a break below the key stubborn trend line with support of USD 2800 on the ETH/USD hour chart. The price of Ethereum is currently trading above 2,250 USD, and a 100-hour basic movable average.
On the other hand, the price may encounter resistance near USD 2800. Another key resistance is close to USD 2840. The first high resistance is close to USD 2880. A clear traffic above 2880 USD resistance can send a price of $ 2,920.
An additional break above $ 2,920 may require more benefits in the upcoming sessions. In the given case, the ether may augment towards the resistance zone of USD 3000 and even USD 3,120 in the near future.
More losses in ETH?
If Ethereum does not immaculate the resistance of USD 2820, he may start a fresh decrease. Initial support in the minus is close to 2,255 USD. The first immense support is located near the $ 2,680 zone and 50% of the UP FIB withdrawal level from USD 2,483 at a low level of up to 2880 USD.
A clear traffic below $ 2,680 of support can accelerate the price to support in the amount of USD 2620. Any losses can send the price to the support level of USD 2550 in the near future. Another key support is USD 2500.
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 2680
Main level of resistance – USD 2880
