The price of Ethereum (ETH) has fallen as the largest altcoin failed to maintain bullish momentum above the $3,400 resistance level.
Ethereum kainos ilgalaikė analizė: Uparty
Buyers broke through the $3,400 resistance on March 29, when the price reached the high of $3,482. Bulls failed to sustain the bullish momentum as the market reaches the overbought zone. Today, Ether fell to the low of $3,214 as bulls bought the dips. Ether has found support above the previous resistance level at $3,200. The largest altcoin will continue its uptrend if the current support holds. Ethereum will rise and regain the previous highs of $3,400. However, if the price falls below the $3,200 support, the market will continue to fall to the low of $3,047. ETHAt press time, ETH/USD is trading at $3,282.
Ethereum rodiklio analizė
Ether has fallen to level 64 on the Relative Strength Index for period 14. The altcoin is in the uptrend zone despite the retracement. Further upward movement of the cryptocurrency is likely. The price of the cryptocurrency has pulled back above the uptrend line. The uptrend will continue if the price retests the trend line and bounces above it. On the other hand, if the price falls below the trend line, the selling pressure will increase again. Ether is above the 25% area of the Stochastic on the daily chart. This indicates that Ether has developed bullish momentum again.
Techniniai rodikliai:
Pagrindiniai pasipriešinimo lygiai - 4,500 5,000 USD ir XNUMX XNUMX USD
Pagrindiniai palaikymo lygiai - 3.500 3,000 USD ir XNUMX XNUMX USD
Kokia yra kita „Ethereum“ kryptis?
Ethereum is in a downtrend as the price has fallen below the moving averages. Selling pressure has eased as the price has found support above $3,200. Meanwhile, on March 30, the downtrend; a declining candlestick tested the 50% Fibonacci retracement level. The retracement suggests that ETH will fall to the 2.0 Fibonacci extension level or $3,180.45.
Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing funds.
Source: https://coinidol.com/eth-saves-itself/