The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6.
Подаци из Цоинтелеграпх Маркетс Про ТрадингВиев shows that the downward move for Ether (ETH) accelerated on April 6 and dropped the top altcoin to a low of $3,178 before the sell-off subsided and the price recovered to $3,200.
Here’s what several analysts are saying about this latest pullback for Ether and what levels of support to keep an eye on in case of a further move to the downside.
Ether could dip to $2,600
The outlook for Ether following a rejection of the monthly resistance at $3,400 was discussed by market analyst and pseudonymous Twitter user Rekt Capital, who постед the following chart noting that if this were to happen, “Ether could revisit $3,000” as indicated by the black line on the chart.
Рект Цапитал је рекао,
“But September 2021 has shown that when black gets retested on a dip — downside wicks occur. So if Ether does dip to black, it could wick into the green higher low.”
Based on the chart provided, this would result in a potential drop to $2,602.
Хоће ли се подршка од 3,200 долара одржати?
A word of reassurance for concerned Ether holders was offered by crypto trader and pseudonymous Twitter user CryptoBatUSDT, who постед the following chart highlighting a retest of an important support level.
CryptoBatUSDT said,
“The market structure is still bullish, currently in both the Range (Eq) and a Swing Low (HL) zone. Unless this level is lost, I will look to open a long position in these regions.”
Релатед: Цена биткоина пада на 43.5 хиљада долара, али подаци и структура тржишта БТЦ-а пројектују снагу
Price is still between the 200-MA and 200-EMA
Further insight into the support for Ethereum at this current price level was provided by crypto trader and pseudonymous Twitter user Don Yakka, who posted the following chart noting the importance of the 200-day moving average (MA) and exponential moving average (EMA).
Don Yakka said,
“Very similar to BTC chart, the 200MA is resistance and the 200EMA is support, as long as 200EMA holds on [the] daily, I would not panic.”
Укупна тржишна капитализација криптовалута сада износи 2.003 билиона долара, а стопа доминације Битцоин-а износи 41.5%.
Овдје приказана стајалишта и мишљења су искључиво становишта аутора и не одражавају нужно ставове Цоинтелеграпх.цом. Сваки потез улагања и трговања укључује ризик, приликом доношења одлуке требало би да спроведете сопствено истраживање.
Source: https://cointelegraph.com/news/ethereum-traders-eye-the-61-8-fib-level-if-eth-fails-to-hold-the-3-2k-support