Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

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Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

Ethereum price started a recovery wave above the $1,780 level against the US Dollar. ETH must clear $1,820 to start a decent increase in the near term.

Ethereum is currently consolidating below the $1,820 resistance zone. The price is trading below $1,820 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it settles above the $1,820 resistance.

Ethereum Price Recovery Faces Hurdle

Ethereum’s price extended its decline below the $1,800 zone. ETH even declined below the $1,780 level before the bulls appeared near $1,760, similar to Bitcoin.

A low was formed near $1,761 and the price is currently attempting a recovery wave. It is trading above the 23.6% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low. Ether is now trading below $1,820 and the 100-ঘন্টা সরল চলন্ত গড়.

There is also a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low.

Immediate resistance is near the $1,818 zone and the trend line. The first major resistance is near the $1,820 level. A close above the $1,820 resistance could send Ether toward $1,845.

উত্স: ট্রেডিংভিউ.কম-এ ETHUSD

The next resistance sits near $1,875, above which Ethereum could rise toward $1,920. Any more gains above the $1,920 resistance zone could push the price toward the $2,000 resistance.

ETH তে নতুন করে পতন?

যদি Ethereum $1,820 রেজিস্ট্যান্স সাফ করতে ব্যর্থ হয়, তাহলে এটি আরেকটি বিয়ারিশ ওয়েভ শুরু করতে পারে। ডাউনসাইডে প্রাথমিক সমর্থন $1,785 স্তরের কাছাকাছি।

The next major support is near the $1,760 zone or the recent swing low. If there is a close below the $1,760 support, the price could start another major decline. In the stated case, the price might drop toward the $1,700 support zone. Any more losses may perhaps send the price toward the $1,660 level in the coming days.

প্রযুক্তিগত নির্দেশক

ঘন্টা এমএসিডি - ইটিএইচ / ইউএসডি এর এমএসিডি বুলিশ জোনে গতি হারাচ্ছে।

আওয়ারলি আরএসআই - ETH/USD-এর RSI 50 স্তরের উপরে।

প্রধান সমর্থন স্তর - Level 1,785

প্রধান প্রতিরোধের স্তর - $ 1,820

মূল উৎস: NewsBTC