Ethereum started a decent increase above $1,080, but it failed again near $1,150 against the US 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 зона сопротивления.
- The price is now trading near the $1,100 zone and the 100 почасовая простая скользящая средняя.
- There is a key ascending channel forming with support near $1,100 на часовом графике ETH / USD (поток данных через 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, эфириум, ripple and other altcoins. ETH price formed a support base above the $1,000 level and recovered above the $1,050 уровень.
There was also a break above a key bearish trend line with resistance near $1,060 на часовом графике ETH / USD. It opened the doors for more gains above the $1,100 уровень и 100 почасовая простая скользящая средняя. Ether spiked above the $1,120 сопротивление, 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. Это сломало $1,120 level and tested the 23.6% Fib retracement level of the recent wave from the $983 swing low to $1,147 высоко.
Источник: ETHUSD на TradingView.com
It is now trading near the $1,100 zone and the 100 почасовая простая скользящая средняя. There is also a key ascending channel forming with support near $1,100 on the same chart. If there is a downside break below the channel support, the price could decline towards the $1,065 support zone.
В 50% Fib retracement level of the recent wave from the $983 swing low to $1,147 high is also near $1,065. The next major support is near the $1,045 уровень, 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. В указанном случае, it could make another attempt to clear the $1,150 resistance level.
A close above the $1,150 уровень, 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 уровень.
Почасовой MACD - The MACD for ETH/USD is struggling to gain pace in the bullish zone.
Почасовой RSI - The RSI for ETH/USD is moving lower towards the 50 уровень.
Основной уровень поддержки - $1,065
Основной уровень сопротивления - $1,150
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