Ethereum (ETH) faces rejection at the $2,900 resistance which resulted in a downward movement of the crypto. The biggest altcoin fell to the low at $2,550 as bulls bought the dips.
The current downtrend appears to have subsided as the crypto resumes an upward move. Buyers are making another attempt to retest the resistance at $2,900.
On May 26, Ethereum retested the recent high and was repelled. The altcoin dropped to $2,200 low. On the upside, if the bulls are successful above the resistance level, the market will rally above $3,300 high. The biggest altcoin is likely to be out of downward correction. However, if the bulls fail to breach the resistance, ETH/USD will resume a range-bound move between $2,200 and $2,900.
Ethereum indikátor elemzés
The crypto is at level 47 of the Relative Strength Index period 14. The altcoin is in the downtrend zone and capable of falling. Ether price is still below the moving averages which makes it prone to decline on the downside.
Műszaki mutatók:
Fő ellenállási szintek: 4,000 és 4,500 dollár
Fő támogatási szintek - 2.500 és 2,000 dollár
Mi az Ethereum következő iránya?
The biggest altcoin has exhausted the current downward move as the price consolidates above $2,550 support. Meanwhile, on June 3 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that ETH will fall to level 2.618 Fibonacci extension or level $2,555.72. From the price action, the market has reversed above the 2.618 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.
