Ethereum started a decent increase above $1,080, but it failed again near $1,150 ten opzichte van de Amerikaanse dollar. ETH price is consolidating and it could make another attempt to clear $1,150.
- Ethereum is still struggling to clear the main $1,150 weerstand zone.
- The price is now trading near the $1,100 zone and the 100 eenvoudig voortschrijdend gemiddelde per uur.
- There is a key ascending channel forming with support near $1,100 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could soon make another attempt to clear the $1,150 resistance level in the near term.
Ethereum Price Testing Key Pivot Zone
There was a decent recovery wave in bitcoin, ethereum, ripple and other altcoins. ETH price formed a support base above the $1,000 level and recovered above the $1,050 niveau.
There was also a break above a key bearish trend line with resistance near $1,060 on the hourly chart of ETH/USD. It opened the doors for more gains above the $1,100 niveau en de 100 eenvoudig voortschrijdend gemiddelde per uur. Ether spiked above the $1,120 weerstand, but it struggled to clear the $1,150 resistance once again.
A high is formed near the $1,147 level and the price is current correcting lower. It broke the $1,120 level and tested the 23.6% Fib retracement level of the recent wave from the $983 zwaai laag naar $1,147 hoog.
Bron: ETHUSD op TradingView.com
It is now trading near the $1,100 zone and the 100 eenvoudig voortschrijdend gemiddelde per uur. There is also a key ascending channel forming with support near $1,100 op dezelfde kaart. If there is a downside break below the channel support, the price could decline towards the $1,065 ondersteuningszone.
De 50% Fib retracement level of the recent wave from the $983 zwaai laag naar $1,147 high is also near $1,065. De volgende grote ondersteuning is nabij de $1,045 niveau, below which the price could revisit $1,000.
Upside Break in ETH?
If ethereum stays above the channel support, it could climb above $1,120. In het genoemde geval, it could make another attempt to clear the $1,150 weerstandsniveau.
Een afsluiting boven de $1,150 niveau, with a proper follow through could start a strong increase. The next hurdle for the bulls above the $1,150 zone is near the $1,240 niveau.
Hourly MACD – The MACD for ETH/USD is struggling to gain pace in the bullish zone.
RSI per uur – The RSI for ETH/USD is moving lower towards the 50 niveau.
Groot ondersteuningsniveau - $1,065
Groot weerstandsniveau - $1,150
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