Analiza cijena Ethereuma: ETH brzo raste iznad 1,760 dolara, dolazi brzo vraćanje?

Ethereum price analysis is bullish today as we expect more upside to continue after a strong break above $1,760. Therefore, we expect a quick retrace to retest the broken resistance as support before more upside follows later in the week.

The market has traded in the green over the last 24 hours. The leader, Bitcoin, gained 4.47 percent, while Ethereum over 5.73 percent. Meanwhile, the rest of the top altcoins have performed with similar results.

Ethereum price movement in the last 24 hours: Ethereum breaks previous swing high

ETH/USD se trgovalo između 1,693.51 i 1,806.89 dolara, što ukazuje na snažnu volatilnost u posljednja 24 sata. Obim trgovine je porastao za 37.41 posto, na ukupno 14.83 milijarde dolara, dok se ukupna tržišna kapitalizacija trguje oko 219.73 milijardi dolara, što je rezultiralo dominacijom od 19.27 posto.

ETH/USD 4-hour chart: ETH looks to retest the downside

Na grafikonu od 4 sata, Cijena Ethereuma shows slight rejection for further upside as a retracement is likely needed before further upside can be reached.

Ethereum price action has started to recover from the retracement seen last week. From there, a higher local low was set on Thursday, eventually pushing higher.

Previously set local resistance at $1,680 was quickly broken, eventually leading back to a major swing high at $1,760. From there, ETH/USD reacted lower and retested previous resistance as support.

Further push higher continued overnight to today, quickly reaching the previous high at $1,760. Much resistance did not follow as Ethereum price spiked to $1,820, setting a clear higher high. Since then, ETH/USD has lost momentum, indicating that retrace will follow.

Analiza cijena Ethereuma: Zaključak 

Analiza cijena Ethereuma je medvjedast today as we have seen a strong spike higher end around the $1,800 mark. Likely bullish momentum is exhausted as of now, leading ETH/USD to retest previous resistance at $1,760 as support.

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