Ethereum extended its decline and it traded close to $2,300 兑美元. ETH price is now recovering and it could start a strong increase if it clears $2,550.
- Ethereum extended its decline below the $2,400 和 $2,300 支持水平.
- The price is now well below $2,600 和 100 每小时简单移动平均线.
- There is a major bearish trend line forming with resistance near $2,480 在ETH / USD的小时图上 (通过Kraken提供数据).
- The pair is likely forming an inverse head and shoulders pattern with resistance near $2,550.
Ethereum Price Could Rise Steadily
Ethereum failed to stay above the key $2,550 支持水平, and it extended its decline. ETH traded below the $2,440 and USD 2,400 支持水平.
It even broke $2,350 level and settled well below the 100 每小时简单移动平均线. 在附近形成低点 $2,313 and the price is now correcting higher. 它打破了 $2,400 抵抗水平. Ether also climbed above the 23.6% Fib retracement level of the of the recent drop from the $2,850 向高处摆动 $2,313 低.
然而, the price is now facing a strong resistance near $2,500. There is also a major bearish trend line forming with resistance near $2,480 在ETH / USD的小时图上.
It seems like ether is likely forming an inverse head and shoulders pattern with resistance near $2,550. 的 50% Fib retracement level of the of the recent drop from the $2,850 向高处摆动 $2,313 low is also near the $2,580 水平.
If there is a clear break above the trend line and a follow up move above $2,550, the price could start a strong increase in the near term. The next major resistance could be $2,640.
More Losses in ETH?
如果以太坊无法清除 $2,500 和 $2,550 抵抗水平, it could extend its decline. 下行方面的初步支撑接近 $2,400 水平.
第一个主要支撑位在附近 $2,350 水平. A downside break below $2,350 and the recent low could accelerate losses. 下一个主要支撑位在 $2,220 level or $2,200.
每小时MACD – ETH / USD的MACD在看涨区域缓慢增长.
每小时RSI – The RSI for ETH/USD is currently approaching the 50 水平.