The largest subcoin Ethereum (ETH) $2,644.92In recent weeks, 2 thousand 400 – 2 thousand 800 dollars to move the investors in the interval of the patience test. The strong sales zone in the graph, 2 thousand 700 – 2 thousand 800 dollars band with the price of each trial withdrawal. Despite this, the demand base is around 2 thousand 400 dollars. Analysts believe that the price will end in a short time. A fracture upward can open the door of a fast rally extending to $ 3,300, while a downward break can start a new wave of correction that can hang up to $ 2,200.
Ethereum gives a challenging test with 2 thousand 700 dollars of resistance
For Ethereum, 2 thousand 700 – 2 thousand 800 dollars in the daily graph stands out as the region where strong profit sales are collected. The sellers defended this place many times and the price with an average of 4–5 percent in each theme. However, buyers did not give up and the bottoms were gradually moved up. This points to a psychological struggle rather than supply-demand.
The first critical step in favor of buyers will be above $ 2,800. Such a candle closure indicates that the market is preparing for a new wave of acceleration and makes the 3 thousand 100 – 3 thousand 300 dollars next target. Momentum indicators in this scenario can also support with positive intersections.
The opposite takes place, that is, if the market structure will be disrupted and a safe port will be re -tested if the market structure will be lost permanently under 2 thousand 540 dollars. Drilling of this level can bring a sales flood that brings the price to 2 thousand 200 dollars in a short time. Increasing the volume during the fall may strengthen this possibility.
Analysts closely follow the potential triangular formation breakage
The price of the price for weeks has been rising bottoms and a horizontal peak line is a classic rising triangle formationPrepared the ground for the formation. The peak line of the formation is around 2 thousand 700 dollars and the foot line climbs a little higher each time. In accordance with the technical formation, when the resistance line is broken up, the target formation can bring additional premiums up to the height (approximately $ 400 – 500 dollars).
Some commentators on the wave theory front argue that the last extension of the fifth large wave starting from $ 380 in April. According to this scenario Eth Currently in the A-Wedding. With a short-term B-withdrawal, it can seek support in the range of 650-2 thousand 170 dollars. Then the C-wave, ie the last rise attack, can be activated and the price can push the highest levels of all time.
Risk line for bulls is in 2 thousand 510 dollars. If this threshold is lost, the short -term rise scenario will weaken. Permanence below 2 thousand 319 dollars will confirm the decline and trigger the search for new bottom. Since the sensitivity in the market can change direction rapidly, it is recommended that investors keep their stop points up to date.
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.
