Ethereum is still consolidating below the $1,230 resistance against the US Dollar. ETH could react to the downside if it stays below $1,230 for a long time.
- Ethereum is attempting an upside break above the $1,230 resistance zone.
- O le tau o loʻo fefaʻatauaʻi i luga atu o le $ 1,200 ma le 100 itula faigofie e faʻaalu ai i luga.
- Sa i ai se malologa i luga atu o se laina bearish laina masani laina ma le tetee latalata i le $ 1,218 i luga o le itula itula o ETH / USD (fafaga faamatalaga ala Kraken).
- E mafai e le paga ona maua le malosi malosi pe afai e latalata i luga ole $1,230 ma le $1,250.
O le tau o le Ethereum e feagai ma Pa puipui autu
Ethereum price started a recovery wave above the $1,180 and $1,190 levels. ETH even managed to climb above the $1,200 resistance zone and the 100 hourly simple moving average, similar to bitcoin.
There was a break above a connecting bearish trend line with resistance near $1,218 on the hourly chart of ETH/USD. The bulls even attempted to clear the key $1,230 resistance zone, but they struggled. It seems like there are already many attempts to clear the $1,230 and $1,250 resistance levels.
O le tau o le Eter o loʻo fefaʻatauaʻi nei i luga ole $1,200 ma le 100 itula le faʻagasologa faigofie feololo. It is trading near the 23.6% Fib retracement level of the recent increase from the $1,193 swing low to $1,230 high.
An immediate key barrier is near the $1,230 level. The next major resistance is near the $1,250 level. A close above the $1,250 resistance could start a steady increase. In the stated case, the price may perhaps rise towards the $1,300 resistance.
puna: ETHUSD luga o TradingView.com
O le isi tete'e tele e mafai ona $1,350, i luga ae o le tau e mafai ona faatelevave maualuga atu i le $1,400. So'o se isi tupe maua e ono tu'uina atu le tau ile $1,500 sone tete'e.
ETH Could Trim Gains
Afai e le mafai ona a'e le ethereum i luga a'e o le $1,230 tetee, e mafai ona toe amata se isi pa'ū. Ole lagolago muamua ile pito i lalo e latalata ile $1,216 tulaga ma le 100 itula fa'asolo faigofie.
The next major support is near the $1,210 level. The first major support is near the $1,200 level or the 61.8% Fib retracement level of the recent increase from the $1,193 swing low to $1,230 high. A downside break below $1,200 might spark a move towards the $1,180 support. Any more losses could lead the price towards the $1,150 zone.
Faailoilo Technical
Faʻaleleia le MACD - O le MACD mo ETH / USD ua leiloa malosi i le bullish zona.
RSI vave - O le RSI mo ETH / USD ua i luga atu nei o le 50 tulaga.
Polokalame Fesoasoani Lautele - $ 1,200
Laʻasaga Fou Faʻatino - $ 1,230
Source: https://newsbtc.com/analysis/eth/ethereum-price-downtrend-1250/