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Price ethereum has started a negative correction of $ 1850. ETH is now combined near a $ 1800 region and may aim to move above $ 1820.
- Ethereum began a negative correction and was traded below $ 1,800.
- The price is traded above $ 1780 and the simple moving average is 100 hours.
- There is a short -term contractor that is formed with resistance at $ 1810 on the ETH/USD (Data Nutrition by Kraken).
- The husband can start a new increase if he wipes the 1850 -dollar resistance area.
Ethereum price of more sides
The price of Ethereum remained stable above the level of $ 1745 and started a new increase, such as Bitcoin. ETH rose up above the resistance level of $ 1,800 before the bears appeared.
A height was formed at $ 1842 and the price corrected some gains. There was a step less than the level of $ 1820. The price has decreased below 50 % of the FIB recovery from the upward transition from the decrease of swing of $ 1746 to an increase of $ 1842.
However, the bulls remained active near the level of $ 1,780 and the REERERERERING 61.8 % of FIB from the upward transition from the decrease of 1,746 dollars to an increase of $ 1842.
The ETHEREUM price is now trading above $ 1,780 and a simple moving average 100 hours. On the top side, the price appears to face obstacles near the level of $ 1810. The following main resistance is located near the level of $ 1820. There is also a short -term contractor triangle formed with resistance at $ 1810 on the ETH/USD watch chart.
The first main resistance approaches the level of $ 1850. It may send a clear step over $ 1850 resistance the price towards $ 1920 resistance. Al -Sulayiya break over the resistance of $ 1920 may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of ​​$ 1950 or even 2000 dollars in the short term.
Another decrease in ETH?
If Ethereum fails to scan $ 1850 resistance, it may start a new decrease. Initial support on the negative side is near the level of $ 1780. The first main support sits near the $ 1750 region.
The clear step may lead to a support of $ 1750 to pay the price towards $ 1,620. Any other losses may send the price to the support level of $ 1,600 in the short term. The next main support sits at $ 1550.
Technical indicators
Every MACD watch – MACD is acquired for ETH/USD momentum in the upper area.
Every RSI watch – RSI for ETH/USD is now higher than 50 regions.
The main support level – $ 1780
The main resistance level – $ 1850