- ETH price is above $570, is observed positive dynamics.
- On the four-hour chart formed a line bearish trend with resistance level at $650 (according to the exchange Kraken).
- The cost of Ethereum may rise in the near future, however at $650 will meet strong resistance.
ETH price varies widely and may rise up to the barrier at $650.
Marked by strong fluctuations.
This week , the course of bitcoin ETH was moving toward $630, however, met strong resistance, price fell and remained at around $600. During the fall course, $724 to $505 ETH was trading above 38.2% Fibonacci level.
Not breaking the resistance level at $620-630 course Ethereum fell to $580. Currently support is at $570. On the four-hour chart the dynamics of the trade a pair of ETH/USD visible line bearish trend with resistance level at $650. In the case of the appreciation of the need to overcome barriers at the level of $630 and $650.
The graph shows that the value of ETH is mainly ranged above $600. The rate may increase, but it will be very difficult to overcome the barrier of $650.
The MACD 4 hours – slightly in the zone of the bullish trend.
The RSI for the 4 hours is kept at above 50.
The main support level of $570.
Major resistance at $630, $650.