The price of Ethereum (ETH) fell to a low of $3,327 today and continues its sideways movement. At the current price level, the largest altcoin is considered to have fallen into oversold territory in the market.
Selling pressure is expected to be exhausted when the price reaches the oversold region. In the meantime, the market is moving above support at $3,300, and if the current support holds, Ethereum will break back up through resistance at $3,500. However, if the bears surprisingly break the current support, the market will fall back to the support at $2,800. In recent price action, the market has been in a downward correction above the $2,800 support. The largest altcoin is likely to rise again if it falls back to the support above the 50-day line SMA.
Ethereum indikátor elemzés
Ethereum price has broken above the descending channel resistance line. The market tends to rise when the price closes above the resistance line. The cryptocurrency price is moving above the moving averages for a possible upward movement. Ether is at level 54 of the Relative Strength Index of period 14. The cryptocurrency is in an uptrend and is capable of further upward movement.
Műszaki mutatók:
Fő ellenállási szintek: 4,000 és 4,500 dollár
Fő támogatási szintek - 3,500 és 3,000 dollár
Mi az Ethereum következő iránya?
On the 4-hour chart, Ether is in a downtrend. The market drops back to support at $3,327 but resumes consolidation between $3,300 and $3,380. Meanwhile, the downtrend from October 3 has a candle body testing the 78.6% Fibonacci retracement level. The retracement suggests that Ethereum will fall but will reverse at the 1,272 Fibonacci extension level or the $3,357.34 level. The price action shows that the Ether price is consolidating above the 1,272 Fibonacci extension.
Jogi nyilatkozat. Ez az elemzés és előrejelzés a szerző személyes véleménye, és nem ajánlás a kriptovaluta adásvételére, és nem szabad a CoinIdol jóváhagyásaként tekinteni rá. Az olvasóknak kutatásuk előtt meg kell tenniük az alapokat.