Listen to Article Ethereum started a downside correction from the $746 yearly high against the US Dollar. ETH price is likely to find strong bids near the $684 and $675 support levels. There were additional gains in Ethereum above the $720 resistance level. ETH price gained momentum above the $730 level and settled well above the 100 hourly simple moving average. The price even spiked above the $740 level, but it failed to test the $750 mark. A new yearly high was formed near $746 before ether price started a downside correction. There was a strong decline in xrp, which is dragging both bitcoin and ether lower. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! The price corrected below the $720 support level. There was also a break below the 50% Fib retracement level of the upward move from the $661 swing low to $746 high. The first key support on the downside is near the $684 level. It is also close to the 76.4% Fib retracement level of the upward move from the $661 swing low to $746 high. Moreover, there is a major bullish trend line forming with support near $675 on the hourly chart of ETH/USD. The 100 hourly SMA is also close to the trend line support and $670. Any more losses could lead the price towards the $650 support. If ethereum stays above the $684 support or the trend line, it could start a fresh increase. An initial resistance on the upside is near the $715 level. The first major resistance is near the $720 level. A clear break above the $720 level may perhaps increase the chances of a fresh bullish wave. In the stated case, ether will most likely test the $750 resistance level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is currently below the 50 level. Major Support Level – $684 Major Resistance Level – $720
Ethereum Price is Correcting Gains
Fresh Increase in ETH?
