Ethereum started a decent increase above $1,080, but it failed again near $1,150 兑美元. ETH price is consolidating and it could make another attempt to clear $1,150.
- Ethereum is still struggling to clear the main $1,150 阻力区.
- The price is now trading near the $1,100 zone and the 100 每小时简单移动平均线.
- There is a key ascending channel forming with support near $1,100 在ETH / USD的小时图上 (通过Kraken提供数据).
- 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 水平.
There was also a break above a key bearish trend line with resistance near $1,060 在ETH / USD的小时图上. It opened the doors for more gains above the $1,100 水平和 100 每小时简单移动平均线. Ether spiked above the $1,120 抵抗性, 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. 它打破了 $1,120 level and tested the 23.6% Fib retracement level of the recent wave from the $983 摆动低到 $1,147 高.
It is now trading near the $1,100 zone and the 100 每小时简单移动平均线. 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 支撑区.
的 50% Fib retracement level of the recent wave from the $983 摆动低到 $1,147 high is also near $1,065. The next major support is near the $1,045 水平, 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. 在所述情况下, it could make another attempt to clear the $1,150 抵抗水平.
收盘价之上 $1,150 水平, 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 水平.
每小时MACD – The MACD for ETH/USD is struggling to gain pace in the bullish zone.
每小时RSI – The RSI for ETH/USD is moving lower towards the 50 水平.