Prețul ethereum analysis is bearish as selling pressure has built from the bearish side. The market followed the bullish trend for the last two days, and the coin gained significant value during this time, but a correction was due for continuing further upside later on. The conditions have changed as the bears have resisted further up moves today, and the crypto pair has started a correction. Resistance for the move up was seen at $1,336, and the pair is currently seeking support just below the $1,268 level.
Piața a început ziua cu un decalaj în jos, deoarece urșii au preluat de aici. The Ethereum prices fell to $1,271 before buyers stepped in to push prices back up. The price is down by almost 3.47% on the day as the market is correcting from here. The 24-hour volume traded in the market is $6,760,877,371, and the market cap for the coin stands at $155 billion.
ETH/USD 1-day price chart: price levels descend to $0.4877
Graficul prețurilor pentru o zi pentru Prețul ethereum analysis shows bears are defining the price curve today. The ETH/USD is correcting after the bullish recovery of yesterday. And today, the selling pressure has returned, and the trend is the same as the bears are defining the price function by bringing the price down. ETH/USD pair is trading hands at $1,271 at the time of writing.
Indicatorul RSI este în prezent la 51.26 și este în creștere, ceea ce semnalează că trendul descendent actual ar putea vedea o inversare în curând, dar pentru moment, sentimentul pieței rămâne de urs. Indicatorul MACD este de urs, deoarece linia de semnal este deasupra sfeșnicelor, iar taurii trebuie să preia controlul în curând pentru a schimba acest lucru. SMA 50 este în prezent la 1,275 USD, iar SMA 200 este la 1,274 USD, ceea ce arată că calea celei mai mici rezistențe este în jos, deoarece SMA 200 este cu mult peste prețul actual de piață.
Ethereum price analysis: Cryptocurrency value steps up to $1,271 after recovery
The 4-hour price chart for Ethereum price analysis shows a continuous degradation of price, and no considerable bullish effort has been observed today. The bulls and the bears have constantly been interchanging the leading position, but the bears are now in charge. The market is expected to be quite volatile today as the price levels are close to a major support level.
The volatility is declining, which indicates that future market trends might turn out to support cryptocurrency buyers. If we discuss the SMA, the short-term 50 SMA is well below the current market price, which suggests that the market might see some resistance around the $1,336 level. On the other hand, if we look at the long-term 200 SMA, it is well above the current market price and might act as a major support level in case of a bearish breakout. The Relative Strength Index (RSI) score has dropped to 59.44 due to the downward tendency shown by the price. The MACD is looking quite bearish, and it seems like the market is losing its bullish momentum.
Concluzia analizei prețurilor Ethereum
Looking at the Ethereum price analysis, it can be said that the market is currently under a bearish spell, and a downward breakout might take place if the bears continue to dominate the market. The major support and resistance levels are $1,263 and $1,336, respectively. A bearish close below the $1,336 mark might result in a downtrend toward the $1,263 level, and a break above the $1,336 mark might result in an uptrend toward the $1,350 resistance level.
În timp ce așteptați ca Ethereum să se miște mai departe, consultați Predicțiile noastre de preț xDC, Cardano, și Curba.
Sursă: https://www.cryptopolitan.com/ethereum-price-analysis-2022-12-15/