The price of Ethereum (ETH) has been falling steadily over the past four days, hitting a low of $4,175. Today, there are signs that the largest altcoin will continue to fall.
The bearish candlesticks are an indication of further downside. The Ether price has a series of lower highs and lower lows. Today, the price of ETH made a lower high at $4,320 and continues to fall to make a lower low. If selling pressure continues, the market will fall to $4,040. However, the bearish momentum may also extend to the previous low at $3,895. Meanwhile, Ethereum is falling back to support above the 21-day moving average line. The largest altcoin will resume its upward movement if the 21-day line SMA holds.
Analiza indicatorului Ethereum
The cryptocurrency asset is at level 59 of the Relative Strength Index of period 14. Ethereum is in the uptrend zone and is capable of further upward movement. Ether is below the 40% area of the daily stochastic. This suggests that the largest altcoin is in a bearish momentum.
Tehnice de indicatori:
Niveluri majore de rezistență - 4,000 USD și 4,500 USD
Niveluri majore de asistență - 3,500 USD și 3,000 USD
Care este următoarea direcție pentru Ethereum?
Ether is in a downtrend as the price falls below the moving average. Ether price is trying to hold above the 50-day line SMA. If it succeeds, the selling pressure will stop. Meanwhile, the downtrend from October 30 has shown a candle body testing the 50% Fibonacci retracement level. The retracement suggests that Ethereum will fall to the 2.0 Fibonacci extension level or $4,033.03.
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.
