Ethereum Price Lacks Momentum Above $1,660, ETH Holders Are Safe: Heres Why

　　ETHereum

　　ANG Presyo ng ETHEreum ay Kulang sa Momentum Higit sa $1,660, Ligtas ang Mga May hawak ng ETH: Narito Kung Bakit

　　Balita ng Ethereum ng Bitcoin

• 　　Nahirapan ang Ethereum na i-clear ang $1,660 resistance.

• 　　Ang presyo ay nakikipagkalakalan sa itaas ng $1,635 at ang 100-oras na Simple Moving Average.

• 　　Mayroong isang pangunahing pagkontrata ng tatsulok na bumubuo na may pagtutol malapit sa $ 1,650 sa oras-oras na tsart ng ETH / USD (DATA feed sa pamamagitan ng kraken).

• 　　The pair must stay above the $1,620 support zone to start another increase in the short term.

　　Ethereum Price FACEs KEY Hurdle

　　Ethereums price remained WELL-supported above the $1,620 zone. ETH again climbed above the $1,650 resistance but struggled to clear $1,660, unlike Bitcoin.

　　The price made two attempts to gain strength above $1,660 but failed. A HIGH was formed NEAR $1,660 and the price started a downside correction. There was a move below the $1,650 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,627 swing low to the $1,660 high.

　　Ether is now trading above $1,635 and the 100-hourly Simple Moving Average. It is also holding the 76.4% Fib retracement level of the recent increase from the $1,627 swing low to the $1,660 high.

　　On the upside, the price might face resistance near the $1,650 level. There is also a key contracting triangle forming with resistance near $1,650 on the hourly chart of ETH/USD. The next resistance is near the $1,660 level. The main resistance is now forming near $1,670.

　　Pinagmulan: ETHUSD sa TradingView.com

　　A close above the $1,670 resistance might send the price toward the $1,750 resistance. The next major hurdle is near the $1,820 level. A close above the $1,820 level might send Ethereum further higher toward $1,950 in the coming days.

　　Downside Break sa ETH？

　　Kung nabigo ang Ethereum na i-clear ang $1,660 resistance, maaari itong magsimula ng isa pang pagbaba. Ang paunang suporta sa downside ay malapit sa $1,635 na antas at ang 100-oras na Simple Moving Average.

　　The first key support is close to $1,620. The next key support is $1,600. A clear move below $1,600 might increase selling pressure. In the stated case, the price could even decline toward the $1,540 level in the near term.

　　Teknikal na tagapagpahiwatig

　　Oras ng MACD - Ang MACD para sa ETH / USD ay nawawala ang momentum sa bullish zone.

　　Oras ng RSI - Ang RSI para sa ETH / USD ay nasa ibaba ng 50 antas.

　　Major Support Level - $ 1,620

　　Major Resistance Level - $ 1,660