Ethereum (ETH), the second largest cryptocurrency in market capitalization, continues to dominate in conversations in crypto space. With recent price movements that create many uncertainty, investors ask: will it be further, or is it not around the corner? Analyzing the provided TradingView diagrams, we break the indicators and templates to help answer this pressing question.
How was the price of ETH recently?
The current price of Ethereum (ETH) 3,309,05 US dollarswith a 24-hour trading volume 29.86 billion dollarsMarket capitalization 398.65 billion dollarsand market dominance 11.88%A field over the past 24 hours in price this has a slight decrease 0.46%Field
Ethereum reached its record high level November 10, 2021Trade in $ 4867.17The field on the contrary, its record minimum was recorded on October 21, 2015When he was just bargaining $ 0.420897The field after its peak, the lowest price that touched was $ 897.01 (low cycle), while the highest price from this moment was $ 4094.18 (High cycle). At the moment, the mood for predicting prices for Ethereum BearWhile the index of fear and greed sits 50Reflecting the mood of the neutral market.
Ethereum circulation proposal is currently worth 120.47 million ETHwith an annual level of inflation of supplies 0.24%Translation to adding 287.841 ETH Over the past year.
Review of a daily diagram: Bear signals dominate
Bollinger groups indicate the terms
The daily schedule shows the price of Ethereum, approaching the lower group of Bolonger, a classic sign of bear pressure. Ballinger stripes measure the volatility of prices, and when the price ranges near the lower strip, this often implies resold conditions. This does not guarantee an immediate rebound, but emphasizes the potential for purchasing for traders looking for cost.
RSI is approaching
Relative force (RSI), a popular pulse indicator, sits in 38.52 For daily terms. The RSI values below 30 are usually a signal of the conditions of the resold position, while the values above 70 indicate the conditions of bite. At 38, ETH is approaching the level when buyers can consider the asset as underestimated, which can lead to a tributary of demand and stabilize the price.
HEIKIN-GI candles reflect a bear impulse
Heikin-shat candles on the daily map of the show in a row red candles with minimal phics, confirming a bear impulse. A narrow part of recent candles suggests that this impulse may lose force, signaling the potential rotary moment if customers intervene.
Key levels of support and resistance
- Support for $ 3200: This psychological level kept the firm prices during the last prices for prices. Violation below this can lead to further losses.
- RESTURE ON 3360 dollars: For bull recovery, ETH must break this immediate resistance. Constant movement above 3360 dollars can pave the path for re -testing of $ 3,500.
This is the hour of the hourly review of the diagram: the early signs of stabilization
Short -term recovery in the process
An hourly diagram provides a more optimistic appearance. ETH bounced from the lower part of Bollinger and is now flirting with the middle line, which indicates short -term stabilization. The narrowing stripes of Bollinger hint at a decrease in volatility, often the predecessor of the decisive movement of prices.
RSI indicates a neutral impulse
On an hourly graph, RSI rose to 56.58Reflecting the recovery from resold conditions. This suggests that ETH may experience consolidation or an easy growth trend in the short term.
Heikin-shot shift
The recent Green Candles Heikin-Gi with the growing dimensions of the body show a shift towards bull moods. Although this is not final, it can be the beginning of a short -term rally, especially with an increase in the purchase volume.
Prediction of Ethereum prices: Decoding market sentiments
Bear indicators
- Pulling down the impulse: On a daily diagram, the descending trajectory remains untouched, and ETH cannot support more than $ 3360.
- Potential breakdown: Close below the critical support level of $ 3200 can cause panic selling, and the next target is about $ 3,000 or lower.
Bull indicators
- Resold RSI: RSI, approaching the territory of excesses on a daily schedule, can attract customers, which leads to a midterm.
- Hope recovery: Short -term stabilization in the hourly diagram hints at the growing interest of the buyer. In the case of support, this can lead to bull impulse in a higher time period.
Key levels to see
Support levels:
- 3200 dollars: A critical level that must be held to avoid deeper correction.
- 3000 dollars: If $ 3200 is not malfunctions, 3,000 US dollars are the following significant support.
Resistance levels:
- 3360 dollars: A direct obstacle must overcome in order to confirm the short -term bull.
- 3500 dollars: A stronger resistance zone that corresponds to the previous levels of consolidation.
Scenarios: Will it fall or surge?
Bear script
If Ethereum cannot resist the amount of $ 3,200, bears can take control by pushing prices for $ 3,000 or even lower. This result is likely to require external catalysts, such as negative macroeconomic developments or weakness in bitcoins.
Bull script
In order for him to be rallied, he must decisively break through from more than $ 3360. This would indicate a change in a bear impulse and open the door to move to $ 3,500 or even $ 3,700. Early signs of stabilization of the hourly diagram suggest that this is possible, but this will require a strong amount of purchase and improvement of market moods.
Conclusion
The price of Ethereum is currently at a critical stage. While the daily diagram shows the Bear Domination, the hourly diagram hints at short -term stabilization. The next significant step will depend on whether ETH owns above $ 3200 or is broken by 3360 US dollars.
- For traders: Follow the RSI and Bollinger stripes to confirm the change or continuation of the trend.
- For long -term investors: Consider a wider market context and ETH foundations that remain strong, despite the short -term price fluctuations.
The next step Ethereum can set a tone for a wider crypto market, so stay vigilant and be prepared for both scenarios. Whether it is a fall or surge, this volatility is an opportunity for those who trade with the plan.
