Ethereum price has started a fixed increase of more than $ 4,500. ETH is now integrating it and may aim to make more gains if it wipes $ 4,620 resistance.
- Ethereum remained stable above $ 4,450 and the recovery wave began.
- The price is traded above $ 4500 and the simple moving average is 100 hours.
- There is a continuous upscale trend that is formed with support at $ 4,490 on the ETH/USD graph (data feeding across Kraken).
- The husband can continue to rise if he settles $ 4550 and $ 4,620.
Ethereum price earns more than 5 %
The price of Ethereum remained supported above the level of $ 4,320 and has begun a new increase, such as Bitcoin. The ETH price was able to rise above the resistance level of $ 4,450 and $ 4,500.
The price rose about $ 4,620 and may continue to rise. It consists of a higher than $ 4,616, and the price is still stable above the FIB level by 23.6 % of the last upward step from a height of $ 4,094 to a height of 4,616 dollars.
ETHEREUM price is now trading above $ 4,450 and a simple moving average for 100 hours. Moreover, there is a continuous climbing line formed with support at $ 4,490 on the watch/USD watch chart.
On the upper side, the price may face resistance near the level of $ 4560. The next main resistance is close to the level of $ 4,600. The first major resistance is located near the level of $ 4,620. A clear step may send 4,620 dollars to resist the price of 4,650 dollars. A break in the upward trend over the $ 4,650 area may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of $ 4,720 or even 4800 dollars in the short term.
Another decrease in ETH?
If Ethereum fails to scan $ 4,620 resistance, a new decrease may start. Initial support on the negative side is near the level of $ 4,500. The first main support sits near the $ 4,480 and trend line.
A clear step below the support of $ 4,480 to pay the price to the support of $ 4440. Any other losses may send the price to a $ 4350 region in the short term. The next main support sits at $ 4,250.
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 – $ 4,480
The main resistance level – $ 4,620
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