TA: waarom Ethereum (ETH) con blijven Bitcoin overtreffen

Ethereum surpassed Bitcoin and rose above $ 2550 resistance against the US dollar. ETH tested the price at $ 2,700 and is now adjusting for earnings.

Ethereum rose to $ 2700 before embarking on a downward correction.
The price is still $ 2500 and trades above the 100-hour simple moving average.
Eth / USD has a big upward trend line with support for $ 2450 (data feed via kraken) on the hourly chart.
The pair will start at $ 2,500, or $ 2,450, in the near term.

Ethereum price corrects profits

Ethereum built up a support base of over $ 2400 and launched a new growth by beating bitcoin. The price of ETH strengthened, breaking major resistance levels of $ 2500 and $ 2550.

The price rose above the $ 2600 level and the 100-hour simple moving average. That opened the doors to further profits, with the price trading at $ 2,700. It is currently adjusting for resistance zone earnings of $ 2700.

It was a break below the support level of $2620 and $ 2600. The tier accounted for about $ 2,508, and the price is now consolidating. Ether is testing a 23.6% Fibonacci correction compared with the recent decline from a Tuesday high of $ 2,700 to a high of $ 2508.

Eth / USD also has a large upward trend line on the hourly chart, with support around $ 2450. On the plus side, the first key resistance is close to the $ 2600 level. It is near the 50% Fibonacci correction level of the recent drop, from a fluctuation level of $ 2700 to a high of $ 2508.

Source: ETHUSD-on TradingView.com

The main resistance is now set near the $ 2630 level. A Net breakout and a close above $ 2630 could start with another sustained growth. In this case, the price can easily rise to $ 2700. The next significant resistance is near the $ 2780 level, where the price could test $ 2880 in the near term.

More profit ETH?

If Ethereum cannot rise above $ 2600, it can increase the drop. Immediate reverse support near the $ 2510 le mark

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