After a two-month consolidation, the (Ethereum)ETH traders escaped the symmetrical triangle pattern with a bullish breakout. Outperforming the largest cryptocurrency, Bitcoin, the ETH/USDT pair has rallied 16.5% this week. However, the buyers need to pass through a retest phase before they expect any follow-up rally.
Puncte cheie:
- The ETH chart shows an evening star pattern at $3000 resistance.
- The ETH price surpasses the 50 DMA
- Volumul de tranzacționare intraday în Ether este de 12.3 miliarde de dolari, ceea ce indică o pierdere de 16.48%.
Sursă- Tradingview
The six consecutive green candles from the $2500 local support drove the Prețul eterului to the $3000 mark. On March 17th, the bullish rally breached the resistance trendline of the continuation pattern, signaling a further recovery in price.
However, the altcoin forming a bearish evening star candle at $3000 resistance suggests the sellers continue to defend this level. However, the follow-up reversal would retest the breached resistance($2750) to confirm an honest breakout,
If buyers sustain above the $2750 level, the potential rally could pierce the $3000 resistance and hit the $3400 mark.
Contrary to the bullish thesis, if sellers slip the altcoin below the descending trendline, the range-bound rally would likely continue for a few more sessions.
În prezent, Preț ETH trades at $2852, indicating an intraday loss of 3.33%
Indicatorul tehnic
The daily-Relative Strength Index indicator surpassed its previous swing high resistance(55%) and rallied to the 60% mark. The RSI slope holds above the equilibrium during the retest phase maintains a bullish bias.
The 50 DMA line will assist buyers to sustain above the $2750 mark. However, the overall trend remains bearish as ETH price trade below the 100 and 200 DMA.
- Niveluri de rezistență - 3000 USD și 3400 USD
- Nivelurile de asistență sunt - 2741 USD și 2500 USD
Declinare a responsabilităţii
Conținutul prezentat poate include opinia personală a autorului și este supus condițiilor pieței. Faceți cercetările de piață înainte de a investi în criptomonede. Autorul sau publicația nu își asumă nicio responsabilitate pentru pierderea dvs. financiară personală.
Despre autor
Source: https://coingape.com/markets/ethereum-price-analysis-bullish-breakout-from-triangle-pattern-sets-sails-beyond-3000/