Ethereum price analysis is bearish today as we have seen a decline from the $1,275 resistance and a drop back to $1,200 support. Therefore, we expect ETH/USD to drop further overnight and break past the $1,200.
Tržište se trgovalo u minusu u posljednja 24 sata. Lider, Bitcoin, izgubio je 2.27 posto, dok je Ethereum izgubio 4.26 posto. U međuvremenu, ostatak tržišta je slijedio.
Ethereum price movement in the last 24 hours: Ethereum forms double top at $1,275
ETH/USD traded in a range of $1,205.55 to $1,273.52, indicating substantial volatility over the last 24 hours. Trading volume has remained almost unchanged at $12 billion, while the total market cap traded at $147.91 billion, resulting in a dominance of 17.88 percent.
ETH/USD 4-hour chart: ETH prepares to spike below $1,200?
On the 4-hour chart, we can see strong selling pressure over the last hours, leading back to $1,200, which should soon be broken.
Cijena Ethereuma action has traded with strong selling pressure over the first half of October, leading to a new swing low at $1,100 support. From there, ETH/USD reacted higher and began to consolidate sideways over the past week.
After consolidation area was established around $1,200 support and resistance at $1,275, ETH lacked clear direction. Resistance at $1,275 was retested yesterday, slowly leading back lower today.
Since then, we see Ethereum price action preparing to move lower, with the $1,200 support likely to soon be broken. Once that is done, we expect a swift drop to the $1,100 previous swing low. In case it is broken, we should see a lot more downside over the rest of the month.
Analiza cijena Ethereuma: Zaključak
Analiza cijena Ethereuma is bearish today as we have seen a decline since midnight leading back to $1,200. Likely ETH/USD will look to break even lower and look to breach the $1,200 support next.
Dok čekate da Ethereum krene dalje, pogledajte naša predviđanja cijena na XDC, Cardano, I Curve.
Izvor: https://www.cryptopolitan.com/ethereum-price-analysis-2022-11-16/