Ethereum price (ETH) has started resuming the upward momentum after breaking the initial resistance at $1,600. The largest cryptocurrency is expected to rise to the high of $2,050 if the bullish momentum continues.
Дугорочна анализа цене Етхереума: биковска
In the meantime, the altcoin is trading in the overbought region of the market. The current uptrend could face rejection at the recent high. However, in a market with a strong uptrend, the overbought and oversold conditions of the market may not last. On the downside, if Ether fails at the recent high, it will fall back to the previous low above $1,300. Meanwhile, ETH /USD is trading at $1,716.30 at the time of writing.
Анализа показатеља етреума
Ether is at level 66 on the Relative Strength Index for period 14, indicating that Ether is in the bullish trend zone and can continue to move higher. The altcoin is above the 80% area of the daily stochastic. This means that Ether has been trading in the overbought region since July 18. Sellers might be attracted to the overbought region. The 21-day line SMA and the 50-day line SMA are on the upside, indicating an uptrend.
Кључне зоне отпора: $2,500, $3,300, $4,000
Кључне зоне подршке: $2,000, $1,500, $1,000
Који је следећи правац за Етхереум?
ETH/USD has resumed its uptrend as the altcoin has reached the high of $1,785. Meanwhile, the uptrend from July 19 retraced a candlestick that tested the 61.8% Fibonacci retracement level. The retracement suggests that ETH will rise to the 1.618 Fibonacci Extension level or $2,047.43. The price action shows that Ether is in a small retracement as it has reached the low of $1,715.63.
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Source: https://coinidol.com/eth-price-bulls-buying/