The Ethereum price (ETH) has continued its sideways movement after the recent price drop on September 21.
Last week, Ether traded marginally and fluctuated between $1,220 and $1,400. The cryptocurrency is not yet trending because the presence of indecision candlesticks called doji.
Analiza pe termen lung a prețului Ethereum: urs
Indecision candlesticks explain the attitude of buyers and sellers about the direction of the market. At the time of writing, Ether is trading at $1,289. Ether will face renewed selling pressure if the price falls below the $1,220 support. The market will then drop further to the low of $1,162 or $1,029. On the upside, if the bulls break through the resistance at $1,400, Ether will resume a new uptrend and regain the previous high of $1,800.
Analiza indicatorilor Ethereum
The largest altcoin is at level 38 of the Relative Strength Index for period 14. Ether is bearish as it approaches the oversold area of the market. The altcoin’s price bars are fluctuating below the 21-day line SMA. Selling pressure will resume as Ether turns lower from the moving average lines. A break above the moving average lines would signal the resumption of an uptrend. The cryptocurrency is in a bullish momentum as it gets above the 40% area of the daily stochastic.
Indicatori tehnici
Zone de rezistență cheie: 2,500 USD, 3,300 USD, 4,000 USD
Zone cheie de asistență: 2,000 USD, 1,500 USD, 1,000 USD
Care este următoarea direcție pentru Ethereum?
Ethereum is in a downtrend as the price breaks below the moving average lines. On the downtrend on September 21, the price of Ether corrected upwards. The candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that ETH will fall to the 1.272 Fibonacci Extension level or $1,089.85.
Disclaimer. Această analiză și prognoză sunt opiniile personale ale autorului și nu reprezintă o recomandare de cumpărare sau vânzare de criptomonede și nu trebuie privite ca o aprobare de către CoinIdol. Cititorii ar trebui să facă cercetări înainte de a investi în fonduri.
Source: https://coinidol.com/ethereum-approaches-1098/