The Ethereum (ETH) price broke the resistance at $2,450 to resume uptrend. Since May 30, buyers have been making frantic efforts to break the minor resistance at $2,450.
Following the successful breakout, Ether price rallied on the upside to retest the resistance at $2,900. Ethereum bulls have an uphill task as they will have to push ETH to the next resistance at $2,900. The resistance at $2,900 repelled the previous uptrend. A break above $2,900 will catapult the ETH to rally above $3,200. Ether will be out of downward correction if buyers are successful. Conversely, if the bulls fail to break the $2900 resistance, Ether will fall and be compelled to a range bound move between $2,200 and $2,900. Presently, the uptrend is facing resistance at the high of $2,600.
Analiza indicatorului Ethereum
Ether price has broken the resistance of the descending channel. When price breaks and closes above the resistance line, the uptrend is likely to continue. The crypto is at level 45 of the Relative Strength Index period 14. The crypto’s price is below the moving averages which suggest a possible fall of the crypto.
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?
Ethereum is still in a downward correction as bulls continue to push on the upside. Meanwhile, on May 25 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that ETH will rise to level 1.618 Fibonacci extension or level $3,295.12.
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.
