Ethereum price rebounded 4% and climbed above the $ 350 level against the US Dollar. According to popular analyst Aayush Jindal, if Ethereum price fails to clear the main $ 355 resistance zone, it could lower its gains.
Ethereum price started a good recovery wave above the $ 345 and $ 350 resistance levels.
The price is currently well above the 100 hourly simple moving average, but is facing hurdles near $ 355.
There was a break above a key bearish trend line with resistance near $ 342 on the hourly chart of the ETH / USD pair (data feed via Kraken).
If there is no upside break above the main $ 355 resistance, the pair could start a new decline.
Ethereum price rose strongly! What levels are next?
Ethereum price surpassed the $ 340 and $ 342 levels to kick off the current recovery wave. More importantly, there was a break above a key bearish trend line with resistance near $ 342 on the hourly chart of the ETH / USD pair. Ethereum price even broke above the $ 350 resistance level and settled well above the 100 hourly simple moving average.
Ethereum price rose strongly! What levels are next?
Ethereum price exceeded the $ 340 and $ 342 levels to start the current recovery wave. More importantly, there was a break above a key bearish trend line with resistance near $ 342 on the hourly chart of the ETH / USD pair. Ethereum price even broke above the $ 350 resistance level and settled well above the 100 hourly simple moving average.
The price traded as high as $ 353 and is currently consolidating gains. There seems to be an important contract triangle forming near $ 349 on the same chart. The triangle support is near the 23.6% Fib retracement level of the recent increase from the $ 334 low to $ 353.
Here are the levels that Ethereum can see in the coming sessions
On the upside, the initial resistance is near the $ 353 triangle trend line. The main resistance is still near the $ 355 level, according to the analyst. A successful daily close above the $ 355 resistance could open the doors for a sharp rise towards the $ 365 and $ 370 levels in the near term. The next key resistance is near the $ 380 level, according to the analyst.
Ethereum, 353 dolar? veya 355 dolar? temizleyemezse analiste gore, yeni bir dusus olas?l?g? var. Ilk buyuk destek analiste gore, 346 dolar seviyesine ve 100 saatlik basit hareketli ortalamaya yak?n. Ether icin bir sonraki buyuk destek analiste gore, 344 dolar seviyesine veya son art?s?n %50 Fib geri cekilme seviyesine yak?n. Daha fazla kay?p, buyuk olas?l?kla analiste gore, kilit 335 dolarl?k destek bolgesine dogru bir dususun yolunu acacak.
