Ethereum (ETH) Price Analysis: Bouncing Back To The North Soon

2018-10-30 17:18

Supply levels: $202, $205, $207

Demand levels: $194, $191, $188

ETH/USD Medium-term Trend: Bearish

ETH/USD continues its bearish trend on the medium-term. The coin moved to the south with full momentum yesterday. On October 28, the bulls made an attempt to push the ETH higher to the supply level of $207, the attempt failed by the pressure of the bears that return the price below $205 price level, the candle later formed inverted pin bar and the bearish movement commenced. Yesterday, the ETH price fell to the low level of $194 demand level with strong massive bearish candles.

The ETH price is below 21-day EMA and 50-day EMA which indicates that a bearish trend is ongoing. Nevertheless, the relative strength index period 14 is below 20level (oversold region) which indicate the market is oversold and the bulls may take over. However, the breakdown side of the ETH of the demand level of $194 will make the demand level of $191 the next target.

ETH/USD Short-term Trend: Bearish

ETH/USD is bearish on the 1-Hour chart. The coin broke out from the consolidation zone yesterday. ETH consolidated for many days within the bound range of $205 and $202price levels. A strong bearish movement was made that broke the yesterday demand level of $202 downside to the low demand level of $194.

There was a pullback by the bulls to retest the dynamic resistance of 21-day EMA. The Price is below 21-day EMA and the 50-day EMA which indicate downtrend is ongoing. The RSI 14 is below 40 levels with its signal lines pointing downward which indicates the possibility of further downtrend movement.

The post Ethereum (ETH) Price Analysis: Bouncing Back To The North Soon appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3692.09 (+0.03%)
Объем 24H $10.702b
Изменеия 24h: 0.81 %, 7d: -2.80 %
Cегодня L: $3672.97 - H: $3707.5
Капитализация $443.597b Rank 2
Цена в час новости $ 208.16 (1673.68%)

eth ethereum 207 attempt usd trend bearish

Источник: zycrypto.com

eth ethereum → Результатов: 126


Top 6 Cryptocurrencies Set to Surge in 2024 as Ethereum (ETH) Approaches a New All-Time High

Binance Coin (BNB) has broken its all-time high (ATH), indicating a potential wave of bullish momentum for Ethereum (ETH) and altcoins. According to analyst Reflection, who has scanned over 400 charts, ETH will be the next major cryptocurrency to follow BNB’s lead, with altcoins expected to go parabolic in the coming weeks.

2024-6-6 14:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Price Analysis: ETH Breaks Bullish Uptrend

On the 10th of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears.

Price Analysis – Can Ethereum Overcome This Key Zone?

The current Ethereum weekly timeframe paints a very interesting picture. And it seems as though ETH is currently in a crucial area of determining whether $178 can hold as support. For those that can remember the accelerated pace at which ETH increased during May 2017 will also recall another key zone.