Ethereum Price does not break 3,000 US dollars – is the upward trend in danger? – TradingView News

The Ethereum Prize could not remove the resistance zone of 3,000 US dollars. The ETH consolidates almost 2,750 US dollars and could strive for a new increase.

• Ethereum still shows positive signs above the 2,680 dollar zone.
• The price is traded over $ 2,750 and the 100-hour simple moving average.
• There is a short-term bullish trend line with the support of $ 2,780 in the hourly ETH/USD/USD diagram (data feed about octopuses).
• The couple could start a decent upward train if they reject over $ 2,850 and $ 2,880.

Ethereum Price Eyes Fresh increase

The Ethereum Prize remained supported above the level of $ 2,650 and recently started a decent upward tract and exceeded Bitcoin. ETH reached the pace of the resistance level of $ 2,750 and $ 2,850.

The price even rose to 3,000 US dollars before the bears appeared. There was no upward trend and the price corrected. There was a step under the support of 2,850 US dollars. The price, which was traded under the 50% FIB retreat level of $ 2,616 swing deep on the USD 3,021.

The Ethereum Prize is now traded over $ 2,750 and the 100-hour simple moving average. There is also a short-term bullish trend line with the support of $ 2,780 in the hourly ETH/USD diagram. It is near the 61.8% FIB retreat level of the upward tract of $ 2,616 swing deep on the 3,021 dollar.

On the other hand, the price before the level of 2,820 US dollars seems to be facing hurdles. The first major resistance is near the level of 2,850 US dollars. The main resistance is now almost 2,880 US dollars or $ 2,920.

A clear movement above the resistance of 2,920 US dollars could send the price for the resistance of 3,000 US dollars. An upward break above the resistance of 3,000 US dollars could require more profits in the upcoming meetings. In the case specified, Ether could increase at short notice in the direction of a resistance zone of 3,050 US dollars or even 3,120 US dollars.

Another drop in ETH?

If Ethereum does not delete the resistance of $ 2,850, it could start a further decline. The initial support on the night is near the level of $ 2,780. The first great support is near the zone 2,720 US dollars.

A clear step under the support of 2,720 US dollars could exceed the price for the support of $ 2,650. Further losses could send the price to the support level of 2,550 US dollars at short notice. The next key support is 2,500 US dollars.

Technical indicators

Hourly MacD – – The MACD for ETH/USD loses the swing in the bullish zone.

Hourly RSI – – The RSI for ETH/USD is now below the 50 zone.

Main support level – $ 2,720

Main resistance level – $ 2,850