Cijena od Ethereum (ETH) has struggled against Tether (USDT) in the past few days, with more downtrend than the bullish sentiment seen in recent weeks.
Despite outperforming Bitcoin (BTC) in recent weeks, the price of Ethereum has found itself in key zones that would decide its major move.
Analiza cijena Ethereuma (ETH) na sedmičnom grafikonu
Sa grafikona, cijena ETH-a je zabilježila sedmični minimum od 1,020 dolara, koji je odskočio iz tog područja i ojačao na cijenu od 2,000 dolara nakon što je pokazao odlične znakove oporavka posljednjih sedmica.
ETH weekly candle closed with a bullish sentiment, with the new week’s candle looking bearish for the price of ETH as it continued to decline in price to a region of $1,800 after facing rejection from the $2,020 mark.
Cijena se bori da izgradi veći zamah dok pokušava zadržati ključnu podršku.
Ako se cijena ETH na sedmičnom grafikonu nastavi sa ovom strukturom, mogla bi se brzo vratiti na 1,700 dolara, djelujući kao podrška cijeni ETH.
Sedmični otpor za cijenu ETH – 2,020 dolara.
Sedmična podrška za cijenu ETH – $1,700.
Price Of Ethereum On The Daily (1D) Chart
The price of ETH found strong support at $1,770 above a trendline after successfully forming a bullish structure, the support at $1,770 seems to be an area of interest on the daily chart.
ETH je odskočio od svoje podrške i ojačao na 1,770 dolara, gdje je bio suočen sa otporom i odbijen iz tog regiona.
The price of ETH rose to form a rising wedge before rejection from the resistance of $2,020. ETH price was rejected from that region, breaking out of the rising wedge to the downside.
At the time of writing, the price of ETH is at $1,700, just above the 50 Exponential Moving Average (EMA) which corresponds to $1,660.
ETH treba da se drži iznad ove oblasti podrške koja odgovara 50 EMA, probijanje ispod ovog regiona bi moglo dovesti cenu ETH na 1,400 dolara.
The Relative Strength Index (RSI) for the price of ETH on the daily chart is below 50, indicating more sell bids.
Dnevni (1D) otpor za ETH cijenu – 2,020 dolara.
Daily (1D) support for ETH price – $1,700, $1,660 .
Analiza cijena ETH na četverosatnom (4H) grafikonu
The price of ETH failed to sustain its bullish structure above the 50 EMA price corresponding to $1,850 after breaking below it.
On the 4H timeframe, the 200 EMA is acting as key support for the price of ETH.
If ETH fails to hold the support region at 200 EMA, which corresponds to $1,700, we could see the price retesting the region of $1,600 as the next support area to hold the ETH price.
Četiri sata (4H) otpor za ETH cijenu – 2,020 dolara.
Četvorosatna (4H) podrška za ETH cijenu – 1,700 USD, 1,600 USD.
Featured Image From Ethereum World, Charts from TradingView.com
Source: https://www.newsbtc.com/analysis/ta-price-of-ethereum-struggles-to-hold-1700-are-bears-taking-over/