Will It Find a Way Back Up?
WikiBit 2024-11-01 12:39Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might
Source: ETHUSD on TradingView.com
An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2.720 resistance zone.
More Downsides In ETH？
If Ethereum fails to clear the $2,550 resistance, it could continue to move down. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,450 zone.
A clear move below the $2,450 support might push the price toward $2,380. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,450
Major Resistance Level – $2,550
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