Ethereum price analysis is bearish today as we have seen steady lower highs set with steady momentum. Therefore, we expect ETH/USD to continue declining over the next 24 hours and look to test the $1,500 support.
The market has traded with mixed results over the last 24 hours. The leader, Bitcoin, gained just 0.17 percent, while Ethereum lost 0.61 percent. Meanwhile, Dogecoin finally reversed and lost almost 6 percent.
Ethereum price movement in the last 24 hours: Ethereum moved back below $1,600
ETH/USD se trgovalo u rasponu od 1,544.08 do 1,595.51 dolara, što ukazuje na blagu volatilnost u posljednja 24 sata. Obim trgovine je opao za 17.25 posto, na ukupno 13.47 milijardi dolara, dok se ukupna tržišna kapitalizacija trgovala oko 190.78 milijarde dolara, što je rezultiralo dominacijom od 18.96 posto.
ETH/USD 4-satni grafikon: ETH testira $1,550
On the 4-hour chart, we can see another slight move lower over the past hours, likely leading to further selling overnight.
Cijena Ethereuma action has seen a strong swing high set over the past days. After a massive rally from the $1,200 major swing low, ETH/USD managed to gain as much as 40 percent during the second half of October.
From there, steady retrace began, slowly attempting to retrace nazad ispod 1,600 dolara previous local resistance turned support. Selling continued yesterday, leading to lower local highs set along the way.
Overall, Ethereum price action should continue even lower over the next days as no signs of a slowdown are seen. ETH/USD will likely target the $1,500 support, which, if broken, would open up the way for a lot more downside.
Analiza cijena Ethereuma: Zaključak
Analiza cijena Ethereuma is bearish today as we have seen further selling over the past days with no signs of reversal. ETH/USD should continue even lower over the next days, leading toward the $1,500 support.
Dok čekate da Ethereum krene dalje, pogledajte naša predviđanja cijena na XDC, Cardano, I Curve
Izvor: https://www.cryptopolitan.com/ethereum-price-analysis-2022-11-02/