The price of Ethereum (ETH) is in an upward correction after rising to a high of $1,610. The largest altcoin is likely to see another rejection in the overbought region. In other words, the altcoin will be rejected at the moving average lines.
On the upside, if the price breaks above the moving average lines, Ether will resume its uptrend. The altcoin will rally and regain the overriding resistance of $2,030. Conversely, if Ether turns down from the moving average lines, selling pressure will resume. ETH/USD will fall to the current support at $1,424. ETH/USD risks further decline if the bears fall below the current support. The cryptocurrency will fall to a low of $1,238.
Analiza indicatorului Ethereum
Ether is at level 47 of the Relative Strength Index for the period 14. Ether is approaching the bullish trend zone as it rises to the previous highs. The altcoin is above the 40% area of the daily stochastic. The altcoin is in a bullish momentum. Ether’s price bars are below the moving average lines, indicating a possible decline in Ether.
tehnice de indicatori
Zonele cheie de rezistență: 2,500 $, 3,300 $, 4,000 $
Zonele cheie de asistență: 2,000 USD, 1,500 USD, 1,000 USD
Care este următoarea direcție pentru Ethereum?
Ethereum is in an upward correction as it approaches the moving average lines. The altcoin could be rejected at the recent high. Meanwhile, the downtrend from August 20 has shown a candlestick testing the 78.6% Fibonacci retracement level. The retracement suggests that ETH will fall to the level of the 1.272 Fibonacci extension, or $1,399.44. The price action shows that Ether has reversed its trend but is likely to experience another rejection.
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-struggles-1600-high/