Ethereum price (ETH) has started resuming selling pressure as bears are retesting the $1,523 support.
Dugoročna analiza cijene ethereuma: medvjedast
On August 20, the largest altcoin dropped to the low of $1,523 as the bulls bought the dips. In the last 48 days, Ether has been fluctuating above the current support. Also, over the past 48 days, Ether has been trading between the 50-day line SMA and the 21-day line SMA. If the bears break below the 21-day line SMA, selling pressure will increase again. The largest altcoin will continue to fall to the low of $1,127. However, the bearish momentum will extend to the low of $800. Meanwhile, Ether is trading at $1,561.70 at the time of writing.
Analiza pokazatelja Ethereum
Ether is at level 41 of the Relative Strength Index for period 14. The largest altcoin is in a downtrend zone after the recent decline. It is vulnerable to further decline in the downtrend zone. Ether will continue to trade within the trading range as it is trapped between the moving average lines. ETH/USD is below the 60% area of the daily stochastic. The altcoin is in the bearish trend zone.
Tehnički pokazatelji
Key resistance zones: $2,500, $3,300, $4,000.
Važne zone podrške: $2,000, $1,500, $1,000
Koji je sljedeći smjer za Ethereum?
The Ether price is fluctuating above $1,500, but risks a further decline below the current support. On the weekly chart, a retraced candlestick tested the 61.8% Fibonacci retracement level on March 28. The retracement suggests that ETH will fall to the 1.618 Fibonacci Extension level or $655.28.
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Source: https://coinidol.com/eth-may-renew-selling/