Defalcarea prețului Ethereum sub Crucial Support alertează o posibilă prăbușire la 1500 USD; Vinde sau păstrează?

Amid the broader market sell-off, the Prețul ethereum is falling for six consecutive days. From the psychological barrier of $2000, the coin price plunged 9.66% and reached its current price of $1821. However, with this downfall, the sellers also breached a long-coming support trendline which was carrying the ETH price recovery for nearly two months. Here’s how this breakdown may influence the future price of this number two cryptocurrency.

Puncte cheie: 

• The Ethereum Fear and Greed Index at 48% projects a neutral sentiment among traders
• The Ethereum price breakdown below the $1827 support threatens a potential 17% fall.
• Volumul de tranzacționare pe parcursul zilei în Ether este de 10.4 miliarde USD, ceea ce indică un câștig de 77.46%.

Sursă- Tradingview

With an intraday fall of 1.2%, the Ethereum price shows a bearish breakdown below an ascending support trendline. The coin price bounced back four times from this support in the last two months indicating the traders were accumulating at dips, keeping a sustained bullish run.

However, with the recent breakdown, we can expect a shift in market sentiment from buying on dips to selling on rallies. Along with this support trendline, the price also shows a drop below the horizontal support of $1827, and a 23.6% Nivelul retracementului Fibonacci, accentuating the significance of losing this support.

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However, the price needs to confirm two criteria to obtain a short opportunity; which is a daily candle closing below the aforementioned support and a suitable volume hike. If these conditions are met, the ETH price is likely to drop 17% to hit the $1500 mark.

However, if the coin price did not give a decent follow-up and rise back above the trendline, the bearish thesis will get invalidated. 

Indicatorul tehnic

Divergența medie de convergență mobilă: Înclinarea în jos MACD(blue) and signal(orange) reflect a bear trend momentum in the market

Media în mișcare exponențială: The breached 20-and-50-day EMA may offer an extra edge to short-sellers 

Niveluri de preț în cursul zilei Ethereum Coin-

• Rata spot: 1821 USD
• Tendință: urs
• Volatilitate: medie
• Nivel de rezistență - 1830 USD și 2000 USD
• Nivel de suport - 1700 USD și 1650 USD