Cryptocurrency is traded above the support of $ 1,400 and below the lines of the sliding average, but the bulls bought failures.
Ethereum Price long -term analysis: bear
Since April 9, the price of Ethereum has minimized $ 1383, according to Coinidol.com.
Now the direction of the market has become the subject of a price war between bulls and bears over the past 48 hours. The broadcast today reaches its record maximums.
On the other hand, Ether will be rally if buyers raise the price above the peak of $ 1750. However, if the bears break through the current support level at the level of $ 1300, the broadcast will fall further. The broadcast will then fall to a minimum of $ 1150. At the same time, the ether is growing steadily and reaches a maximum of $ 1644.
Analysis of Ethereum indicators
The price rods for the broadcast stopped below the descending inclined lines of the sliding medium, but higher than the support of $ 1,400. Duji candlesticks are still common, as Altcoin is constantly growing above current support. The lines of the sliding medium, which previously leaned up on the weekly graphics, are now leaning down.
Technical indicators:
Key resistance resistance level – $ 4,000 and $ 4,500
Key support levels – $ 2.000 and $ 1,500
What direction for Ethereum?
The price of Ethereum is currently lower than the lines of a sliding medium and higher support level of $ 1,400.
The cryptocurrency price is traded above current support over the past five days, but the upward movement has stagnated and remained in the range. If the ether recovers above the $ 1750 maximum, it will bounce from its immersion.
Refusal of responsibility. This analysis and forecast are the personal opinion of the author. They are not a recommendation to buy or sell cryptocurrency and should not be considered as approval of Coinidol.com. Readers must conduct a study before investing in the funds.
