The price of Ethereum (ETH) is making positive moves to the upside. First, the largest altcoin broke through the resistance line of the horizontal channel and reached a high of $2,800.
Secondly, Ether rose to the high of $2,800 but was accompanied by resistance. The cryptocurrency retreated and closed above the $2,600 support. Today, buyers have reached the resistance level of $2,800 again.
The bulls are currently testing the resistance level again in order to break through it. ETH/USD will rise to the high of $3,450 once the $2,800 resistance is broken. However, if Ether turns away from the $2,800 resistance level, the market will fall to the low of $2,600. However, if the bears break the $2,600 support, Ether will return to the previous trading range between the price levels of $2,205 and $2,600.
Analiza indicatorului Ethereum
Ether’s price has broken above the 21-day moving average line. The breakout above the 50-day line will complete the resumption of the upward momentum. Currently, the altcoin is between the moving averages, which will force the altcoin to rangebound. Despite the recent upward movement, Ether is at level 46 of the Relative Strength Index for the period 14. Ethereum is in the bearish trend zone below the midline 50. The altcoin is above the 60% area of the daily stochastic. Ether has resumed its bullish momentum.
Tehnice de indicatori:
Niveluri majore de rezistență - 4,500 USD și 5,000 USD
Niveluri majore de asistență - 3,500 USD și 3,000 USD
What is the next direction for ethereum?
ETH/USD has resumed its bullish momentum after the price rose above the resistance line of the horizontal channel. Buyers are also trying to break through the resistance at $2,800. A breakout will propel the altcoin to rally to the $3,450 or $3,600 price level.
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.
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