Ethereum (ETH) $2,197.648 percent of the last 24 hours, fell below the level of 2 thousand 100 dollars. The US non -Agricultural Employment Data (NFP) came above expectations, triggering inflation concerns, led to fluctuation in the crypto currency market. The rising unemployment rate and the possibility of harsh policy of the FED prevented Ethereum from exceeding the resistance level of $ 2,200. Analysts emphasize that technical indicators and macroeconomic uncertainty support sellers.
4 -hour price chart decrease signals
Ethereum price2 thousand 319 dollars in the 4 -hour period of resistance to the level of resistance fell hard. Donchian channelThe unsuccessful rise at the upper border of the upper border increased the risk of movement towards the psychological support of the price in 2 thousand dollars. The indicators show that the increase in transaction volume accelerates sales pressure and should be monitored as a critical support of the 2 thousand 156 dollars.
The closure of the last six candles with a loss of 7.53 percent indicates that short -term recipients have lost control. In particular, the damage of less than 2 thousand 100 dollars can trigger cutting orders and cause liquidity withdrawal. Analysts foresee that the bottom quests may deepen if the level of 2,000 dollars is tested.
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Support and resistance dynamics in daily price chart
Ethereum’s daily graph is struggling to hold below the level of 2 thousand 142 dollars. Celtner channel2 thousand 9 dollars in the lower band of the lower band is seen as the last line for a possible recovery. However, the closure of the daily candle with a decrease of 2.73 percent confirms the dominance of the sellers.
Failure to re -test the resistance of 2 thousand 258 dollars weakens the rise scenarios. The price of 2 thousand 417 dollars (Celtner midline) levels remain away from the decline trend continues. Experts, 2 thousand 100 dollars of permanence can not be achieved if the target of 2 thousand 9 dollars will come to the agenda, he says.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
