Ethereum price (ETH) is in a downtrend but making an upward correction. The uptrend reached the high of $2,980.50 but was rejected.
Analiza pe termen lung a prețului Ethereum: Bearish
Now, Ether is trying to pull back from the high at $2,980, a historical price level. The setback was triggered by a retest of the historical price level on March 1 and March 18. On March 1, the bullish momentum was pushed back as the altcoin retreated and found support above $2,447. On March 18, the largest altcoin saw a minor decline as it rose to a high of $3,578.
Today, Ether is moving above the $2,900 support, and if the cryptocurrency rallies above the current support, Ether will rally above the moving averages. This will push the altcoin to regain the previous highs of $3,200 and $3,400.
Analiza indicatorilor Ethereum
Due to the recent upward movement, Ether is at level 44 of the Relative Strength Index for the period 14. Despite the upward movement, the altcoin is in the downward trend area and may fall. The altcoin is above the 25% area of the daily stochastic. The cryptocurrency has previously fallen into the oversold area of the market. The market is in a bullish momentum, but it is unstable.
Indicatori tehnici:
Niveluri cheie de rezistență - 4,500 USD și 5,000 USD
Niveluri cheie de asistență - 3,500 USD și 3,000 USD
Care este următoarea direcție pentru Ethereum?
Ether is in a downtrend, but the uptrend has stalled as the altcoin is again under selling pressure. However, the bearish momentum will not last if the altcoin finds support above $2,900. Meanwhile, on April 11, the downtrend; a retreating candlestick tested the 61.8% Fibonacci retracement level. The retracement suggests that Ethereum will fall to the 1,618 Fibonacci Extension level or $2,742.82. Starting from the price action, the market fell to the low of $2,767 and then continued its uptrend.
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.
Source: https://coinidol.com/eth-historic-price-rejection/