Looking at the chart, the price is currently under slight downward pressure below the 100-hour SMA. The MACD is slowly moving into the bearish zone. The RSI has dropped below the 50 level and signals selling pressure. As mentioned earlier, resistance is at $1,500 an ounce, while support levels are at $1,380 and $1,360 an ounce. As with Bitcoin, Bitcoin Cash was moved from the Mt Gox account, so further selling pressure is more likely.
Ethereum Price Highlights on www.onlinebetrug.net/en/
Ether price began an upward move and moved above the $710 resistance level
There is a bullish trend line forming on onlinebetrug the hourly chart with support at $710 an ounce
Ether is currently correcting downward, but it remains at $700 and the 100 hours SMA supported
The Ethereum price is recovering against the US dollar and Bitcoin. Ether is trading above the 100 hour SMA, which is a positive sign.
Technical Indicators Signals for the Bitcoin code
After a sharp drop last week, the ether price was able to hold the support zone of $635 an ounce. The price was traded to a low of $637.88 and then began an upward move. ETH climbed higher and breached the Bitcoin code $660 and $680 resistance levels. Buyers were able to push the price above the $700 resistance and the 100-hour SMA again. These are positive signs and suggest that the price has recovered well from the $637.88 low. There is an important trend line forming on the hourly chart with support at $700. However, if this trend line breaks near $700, Ethereum could signal a trend change and lose value.
Ethereum Chart by TradingView
Ethereum Price Technical Analysis
As long as the price is above $700 and the 100-hour SMA, ETH can recover again. The MACD is slowly moving into the bearish zone. The RSI is moving towards 50 and shows a relatively balanced relationship between buyer and seller. The most important support level is found at $700, while resistance is at $740.
Ripple Price Highlights
Ripple price recovered somewhat, but fought against resistance at $0.7500
XRP has boosted support of an ascending channel and could move towards the support level of $0.6500
The Ripple price is in a declining zone.