ETHEREUM (Complete Technical Analysis)

Ethereum has started a new uptrend from the $ 2,750 support range; It will probably soon face the main resistance range at $ 3,150.
ETH strongly defended its position in the $ 2,780 support range and started a new uptrend like Bitcoin (#BTC). As a result, it managed to cross the resistance levels of $ 2,880 and $ 2,950 and enter a positive atmosphere.
In the hourly chart of the ETH / USD pair, the downtrend line has been broken with the resistance that had created around $ 2,910. The 50% Fibonacci retracement level of the Ethereum Fallout (ETH) has since moved from the $ 3,165 to the $ 2,788 floor.
ETH is currently trading above the $ 3,000 price level and the moving average.
ETH is trying to dominate the current position in a position near the $ 3,040 resistance. The bears seem to be stubbornly resisting the area around the 61.8% Fibonacci level.
The first significant resistance is expected in the $ 3,075 range. The main resistance is still in the $ 3,150 range. Climbing and closing the top of the candlestick will probably be the beginning of an integrated ascent. The next key resistance is around $ 3,200, which will pave the way for ETH to climb to higher levels.
But if it is not able to climb above the $ 3,075 resistance, it will probably have a new bearish correction. In this case, the first downstream support level is around $ 2,975.
The $ 2,950 range and the 100-hour moving average are the closest key support. There is a risk of severe fall if the ETH is unable to maintain its position above this key range. In this case, the price could fall to $ 2,800.