Ethereum Price Analysis: ETH / USD Falling To $ 420 But Increases More Than 8% Weekly
- Ethereum fell on Sunday.
- ETH / USD closed the fourth week in the positive zone as well.
Ethereum (ETH / USD) entered a consolidation phase over the weekend after hitting a high of around $ 445 in more than two years on Friday.
The pair fell 1.4% on Saturday and fell 2.3% on the latest day at $ 422.70. Despite this recent correction, Ethereum continues to close the fourth week in the positive zone and has risen more than 8% since the previous Monday.
Ethereum Technical View
Initial support for ETH / USD is seen at $ 412 (daily low / Fibonacci retracement of this week's rise 38.2%) ahead of $ 400 (psychological level) and $ 385 (20-day SMA).
Resistance can be listed at $ 445 (two-year high), $ 480 (July 2018 static resistance) and $ 500 (psychological level).