The Ethereum price (ETH) has re-entered the uptrend zone after retesting the resistance at $1,700.
Analiza pe termen lung a prețului Ethereum: urcarea
Yesterday, buyers managed to keep the price above the resistance, but they were not able to maintain the upward momentum. The largest altcoin is trading in a small range between $1,600 and $1,700. If the price of the cryptocurrency breaks through the resistance of $1,700 and the upward momentum is maintained, Ether will resume its upward movement. The recovery of the market will lead to highs of $1,800 and $2,000. If the price falls below the 21-day line SMA on the downside, the uptrend will end. The altcoin will reach a low of $1,500.
Analiza indicatorilor Ethereum
Ether has regained positive momentum from period 14 level 58 of the Relative Strength Index. As long as the price bars remain above the moving average lines, the altcoin will continue to rise and retest the resistance level. The daily stochastic is at 40, where the cryptocurrency is in positive momentum. The upward momentum is currently slowing down.
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
Care este următoarea direcție pentru Ethereum?
However, the price has stopped at the high of $1,700 as Ethereum is trading within the positive trend zone. Yesterday, Ether rose to $1,742 before falling. There is a chance that it will continue to rise. A retraced candlestick of the uptrend from February 16 tested the 61.8% Fibonacci retracement line. According to the retracement, ETH will rise to the 1.618 Fibonacci extension level or $1,913.68.
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-sideways-trend-1700/