TA: Ethereum’s top Offset is vulnerable as it continues to fight below 2.2 thousand dollars.

Ethereum is trying a good recovery wave against the US dollar above $ 2100. The ETH prize could gain momentum if it sits above the resistance zone of $ 2,200.

Ethereum is gradually rising above the $ 2100 resistance zone.
The price is currently trading near the resistance of $ 2150 and the 100-hour simple moving average.
On the hourly ETH / USD chart, there was a break above the major downward trend line with resistance close to $ 2100 (data feed through Kraken).
The pair must rise above $ 2180 and $ 2200 to start sustainable growth in the near term.

Ethereum Price Faces Hurdles
There was a new drop in Ethereum in the $ 2120 support zone. However, ETH remained a good bet over the support area of $ 2050. The price was set at around $ 2050 before starting a new growth similar to bitcoin.

The price rose above resistance levels of $2100 and $ 2120. Ether was down 23.6 per cent at $ 2,405, above Tuesday’s $ 2,049 reading. it is currently trading near the $ 2150 resistance and 100-hour simple moving average.

The first key resistance is near the $ 2200 level. The next big resistance is near the $ 2220 level. Near the 50% Fibonacci correction level, there is a big drop from a swing Tuesday of $ 2,405 to a drop of $ 2,049.

Source: ETHUSD-on TradingView.com
A good close above resistance levels of $ 2200 and $ 2220 can set the pace for good growth. The next big resistance above $ 2220 will be near the $ 2300 level. Further earnings could accelerate another step towards the $ 2450 level in the near term.

The new ETH fall?
If Ethereum does not rise above the resistance zone of $ 2,200, it may begin a new decline. The first support at the bottom is near the $ 2100 level.

The first big boost is near the $ 2050 level. The next big boost is close to the $ 2000 level. If ether bulls fail to maintain support levels of $ 2050 and $ 2000, there is a possibility of a sharp drop. Could be next stop for bears

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