The Ethereum price (ETH) is falling below the moving average lines, but is above the support level of $1,770.
Analiza pe termen lung a prețului Ethereum: urs
Ether is more likely to fall if it is trading below the moving average lines or in the downtrend zone. The largest altcoin is currently trading between $1,750 and $1,850. At the time of writing, one Ether is worth $1,813.70. The presence of the Doji candles has limited both the upward and downward movement. The price is moving slowly due to these candles. Candlesticks show that traders are not worried about the direction of the market. Currently, the resistance at $1,900 or the moving average lines prevent an upward movement. Ether will cross the psychological price barrier of $2,000. Despite the projected long tails of the candlesticks, buyers have consistently supported the current support level. Strong buying is taking place at lower price levels as shown by the extended candlesticks.
Analiza indicatorului Ethereum
The Relative Strength Index for the cryptocurrency asset is at level 45. The Ether price is still in the downtrend zone and could fall further. Since the price bars are below the moving average lines, they are responsible for the current decline. Ether is below the daily stochastic level of 50 and is moving in a negative direction.
Tehnice de indicatori:
Niveluri cheie de rezistență - 2,000 USD și 2,500 USD
Niveluri cheie de asistență - 1,800 USD și 1,300 USD
Cum arată următoarea direcție pentru Ethereum?
Ethereum is above the current support and the altcoin continues to move in a range bound movement. Doji candlesticks will continue to highlight Ether’s fluctuating volatility. However, if the price breaks down or recovers, the altcoin will develop a trend.
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-fluctuation-range/