Yesterday, Ethereum fell to the low at $1,750 and commenced the resumption of the uptrend. Today, the biggest altcoin has risen and it is approaching a high of $2,500.
Ether is likely to be out of downward correction if buyers push the altcoin above the $3,200 support. Alternatively, if the price breaks above the moving averages, ETH/USD will resume upside momentum. The current uptrend is likely to face resistance at the high of $3,000 or $3,500. Ether will regain its bullish momentum when these resistances are breached. However, in the previous price action, Ether faced resistance at the $3,000 high. This caused the altcoin to fall to $1.750 low. Nonetheless, if another rejection occurs, ETH/USD will be range-bound for a few more days.
Analiza indicatorului Ethereum
Ether’s price is below the 21-day and 50-day SMA which indicates that the price is in the bearish trend zone. It is also capable of falling on the downside. Also, the altcoin is at level 41 of the Relative Strength Index period 14. The altcoin is also above the 70% range of the daily stochastic. This indicates that the market has bullish momentum.
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 has resumed the upward move after finding support above $1,750. From the price action, Ether reversed almost at the 2.618 Fibonacci retracement level. On May 19, the long candlestick tail has indicated that $2,000 is a strong support level. We expect Ether to rise to the previous highs.
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.
