Ethereum se împinge în sus în regiunea supracumpărată, deoarece depășește 1,600 USD

Over the past five days, Ethereum (ETH) has held above its moving average lines. The bottom line is that the cryptocurrency will try to rise in the bullish trend zone.

Today, the bulls are trying to break through the resistance at $1,600. On July 18 and 19, the bulls were beaten back when the altcoin reached the high of $1,631. Since the recovery and the subsequent breakout into the bullish trend zone, the upward movement was halted at the high of $1,600.

If the bulls break the recent high and the upward momentum continues, Ether will rise to the high of $2,013. Bullish momentum will extend to the high of $2,967. Conversely, if Ether turns away from the $1,600 resistance zone, the altcoin will fall and be forced to range bound below the resistance zone. Meanwhile, ETH/USD is trading at $1,641.46 at the time of writing.

Analiza indicatorului Ethereum

Ether is at level 67 of the Relative Strength Index for period 14. The altcoin is in the uptrend zone and could continue to rise towards the previous highs. The cryptocurrency is approaching the overbought zone. Ether’s price bars have remained above the moving average lines, indicating a possible rise to the previous highs. The altcoin has returned above the 80% area of the daily stochastic. Ether is still trading in the overbought zone of the market.

Tehnice de indicatori:  

Niveluri majore de rezistență - 2,000 USD și 2,500 USD

Niveluri majore de asistență - 1,500 USD și 1,000 USD

Care este următoarea direcție pentru Ethereum? 

Ether has recovered from its downward movement and is trading in the bullish trend zone. Bulls are struggling to break through the resistance at $1,600. The largest altcoin will come out of the downward correction if the bulls are successful. Further upside is likely.

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.