Ethereum struggled to settle above the $1,850 resistance and corrected lower against the US Dollar. ETH price is must stay above $1,700 to avoid a strong downside break.
- ETH price is moving lower from the $1,850 resistance zone against the US Dollar.
- The price is approaching the $1,780 support and the 100 media móvil simple (4-horas).
- There is a key rising channel forming with support near $1,775 on the 4-hours chart of ETH/USD (alimentación de datos a través de Kraken).
- The pair is likely to decline heavily if it fails to stay above $1,775 y entonces $1,700 en el corto plazo.
Ethereum Is Facing Hurdles
This past week, bitcoin and ethereum saw a fresh decline from $60,000 y $1,880 respectively against the US Dollar. ETH remained well bid above the $1,710 nivel y el 100 media móvil simple (4-horas).
The last swing low was formed near $1,173 before there was an upward move. The price climbed above the $1,800 nivel de resistencia. Hubo una ruptura sobre el 50% Nivel de retroceso de Fib del movimiento descendente desde el $1,942 alto a $1,713 bajo.
sin embargo, the price failed to clear the $1,850 zona de resistencia. It seems like the price failed to clear the 61.8% Nivel de retroceso de Fib del movimiento descendente desde el $1,942 alto a $1,713 bajo.
Fuente: ETHUSD en TradingView.com
Ether is currently declining and trading below $1,800. There is also a key rising channel forming with support near $1,775 on the 4-hours chart of ETH/USD. If there is a downside break below the channel support, there is a risk of a drop towards the $1,710 apoyo. Any more losses below $1,700 may possibly open the doors for a larger decline towards $1,550 y $1,500.
Fresh Rally in Ether (ETH)?
If Ethereum stays above the channel support or $1,700, it could attempt a fresh increase. Una resistencia inicial al alza está cerca del $1,820 nivel.
The first key resistance is near the $1,850 y $1,855 niveles. If ether price breaks the $1,850 resistencia, there are high chances of a strong increase in the coming sessions. The next key resistance sits near the $1,920 y $1,950 niveles.
4 hours MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone.
4 hours RSI – The RSI for ETH/USD is now just below the 50 nivel.
Nivel de soporte principal: $1,710
Nivel de resistencia mayor - $1,850
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