Bitcoin Recovery va împinge prețul Ethereum la 2000 USD în această săptămână?

On March 17th, the Ethereum coin price gave a massive breakout from the resistance trendline of a model triunghi simetric. Completion of this continuation pattern, the ETH price is set to reach an ideal bullish target of $2800. However, is the ongoing recovery cycle ready to reach the mentioned target or there are more roadblocks ahead?

Puncte cheie: 

• The formation of a falling wedge pattern threatens ETH with a 10% fall
• A bearish divergence in the daily RSI slope increases the downtrend possibility for Ethereum
• The intraday trading volume in Ether is $10.5 billion, indicating a 68% gain

Sursă- Tradingview

Pe 28 martie, Prețul monedei Ethereum rebounded from local support of $1700 with a bullish tweezer bottom pattern. The resulting recovery has surged the coin market value by 12.5% within the last two weeks where it currently trades at $1918.

However, in the daily time frame, the ongoing recovery is resonating between two converging trendlines revealing the formation of a creșterea modelului de pană. Using the pattern’s support trendline, the buyers are pushing the price higher and may continue to do so until the pattern is intact.

However, in theory, this pattern offers a significant correction once the prices breach the support trendline. Thus, a potential downfall could tumble the prices 11% down to revisit the $1700 mark.

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Anyhow, in response to this pattern, the potential traders should not short-sell until the prices break down from the support trendline. The Bitcoin price recently reclaimed the $30000 psychological mark recuperates the recovery sentiment in the market and may encourage the ETH price to breach the overhead trendline.

If the price gives a daily candle closing above the trendline, the accelerated bullish momentum will drive the price to $2360, $2500, and the aforementioned target of $2800.

Indicatorul tehnic

RSI: contrary to the rising prices, the daily Panta RSI moving sideways indicates weakness in bullish commitment which could lead to support trendline breakdown.

EMA: cele 20 de zile EMA stands as a strong support assisting buyers to maintain the bullish trend.

Niveluri de preț în cursul zilei Ethereum Coin-

• Rata spot: 1919 USD
• Tendință: bullish
• Volatilitate: scăzut
• Nivel de rezistență - 2020 USD și 2151 USD
• Nivel de suport - 1835 USD și 1700 USD