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.
Analiza indicatorului Ethereum
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.
Tehnice de indicatori:
Niveluri majore de rezistență - 4,000 USD și 4,500 USD
Niveluri majore de asistență - 2.500 USD și 2,000 USD
Care este următoarea direcție pentru Ethereum?
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.
Declinare de responsabilitate. Această analiză și prognoză sunt opiniile personale ale autorului și nu reprezintă o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către CoinIdol. Cititorii ar trebui să facă cercetările înainte de a investi fonduri.
