Ethereum price extended its rally and approached its all-time high of $ 2.800 against the US Dollar. According to the famous analyst Aayush Jindal, who made successful predictions, Ethereum price corrects gains, but the dips are likely to be supported around $ 2,650.
- Ethereum price continued to bid well and even rose to the $ 2.800 level.
- The price is currently trading well above the average at $ 2,700 and the 100-saadollarsik simple action lines.
- A very important rising channel is being formed with support close to $ 2,700 on the Saadollarsik ETH / USD chart (data flow over Kraken).
- The pair could correct its decline, but the bulls are likely to appear around $ 2. 650 and $ 2. 620.
Analyst: Ethereum bulls likely to appear around $ 2.500 and $ 2.620
Ethereum price received an offer at the $ 2.650 support level. ETH took its rise above $ 2.750, and the 100-saadollarsik simple action rounds settled well above the average. It traded at an all-time high of $ 2.800 before starting a downside correction. Then there was a break in ETH below the $ 2.780 and $ 2.750 levels.
Ether is currently 23% of the move from the $ 2.560 low to $ 2.800. It is trading below the 6 Fib retracement level. Still, ETH is trading well above the average at $ 2,700 and its 100-times-simple simple action rounds. There is a very important rising channel formed with support close to $ 2,700 on the Saadollarsik ETH / USD parity chart. The next key support is near the $ 2.680 level. This level is near the 50% Fib retracement level of the move from the $ 2.560 low to $ 2.800.
Analyst: Watch out for these levels for Ethereum price! May increase the fall
Further losses could drive the price towards the $ 2,650 support level and the average of 100 hallars of simple action, according to the analyst. If Ethereum price does not stay above the $ 2.550 support level and the 100-hourly simple transactional average, it could dive towards the $ 2.580 level, according to the analyst.
If Ethereum price remains stable above the channel support and above $ 2.650, it could initiate a new increase, according to the analyst. An initial upside resistance is near the $ 2.780 level, according to the analyst. The first major resistance is near the $ 2.800 level. According to the analyst, a clear up break above the $ 2.800 level and the upper trendline of the channel could set the pace for a sharp increase towards the $ 3,000 resistance zone in the next few sessions.
Technical indicators Current view of Ethereum price
Saadollarsik MACD: The MACD for ETH / USD is now losing momentum in the bullish zone.
Saadollarsik RSI: The RSI for ETH / USD is still above the 50 level.
Major Support Level: $ 2,700.
Main Resistance Level: $ 2.800.