Cena Ethereum has been on an uptrend since the ‘Uptober’ begun, refreshing the record highs seven times already. As things stand, investors might have to brace themselves for a sustained ETH rally as the bullish momentum does not look like it will tire soon. Although the Relative Strength Index (RSI) indicator shows that ETH was recently overbought, bulls are holding on to crucial support as profit taking takes place before Ethereum resumes its price discovery.
Odkrivanje cen Ethereuma se šele začenja
Ethereum continues rising as some analysists believe the biggest altcoin will hit $8,000 before the end of the year. And it appears possible because ETH rally doesn’t appear that it will support in the near-term, thanks to the market-wide support that is supporting the current trend.
Vendar pa je treba vlagatelje opozoriti, da se RSI popravlja stran od prekupljene cone, kar je znak, da so medvedi odločeni, da bodo ETH potegnili navzdol.
Cena Ethereuma je odkrila podporo okoli 4,610 $, kar je nad najvišjo vrednostjo 12. maja. V zadnjih nekaj dneh so se večkrat poskušali prebiti pod to raven, a biki so to podporo trdno branili.
V tem trenutku se zdi, da se Ethereum konsolidira. Dokler biki ohranjajo ETH nad ravnjo podpore 4,610 $, pričakujte, da se žeton, ki odbije od te točke, preseže nad včerajšnjo najvišjo vrednostjo okoli 4,879 $ in poskusite premagati oviro 5,000 $.
Dnevni grafikon ETH / USD
However, things may go awry for the bulls and the Cena ETHe starts to retreat away from the $5,000 target, Ethereum might slide below the $4,610 support level. However, the asset might find support around the $4,392 level and the rising trendline that is the dynamic support line of Ethereum’s line.
The rising trendline has already successfully support Ethereum price two times and each time ETH bounced off to hit a new ATH. Should ETH drop below this trend line, expect $4,275 to give some support in the near-term and for bulls to reassess the situation.
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