Ethereum Pushes on the Upsides but Struggles below $1,600 High
The price of Ethereum (ETH) is in an upward correction after rising to a high of $1,610. The largest altcoin is likely to see another rejection in the overbought region. In other words, the altcoin will be rejected at the moving average lines. On the upside, if the price breaks above the moving average lines, Ether will resume its uptrend. The altcoin will rally and regain the overriding resistance of $2,030. Conversely, if Ether turns down from the moving average lines, selling pressure will resume. ETH/USD will fall to the current support at $1,424. ETH/USD risks further decline if the bears fall below the current support. The cryptocurrency will fall to a low of $1,238. Pagsusuri ng tagapagpahiwatig ng Ethereum Ether is at level 47 of the Relative Strength Index for the period 14. Ether is approaching the bullish trend zone as it rises to the previous highs. The altcoin is above the 40% area of the daily stochastic. The altcoin is in a bullish momentum. Ethers price bars are below the moving average lines, indicating a possible decline in Ether. Teknikal na mga tagapagpabatid Mga Pangunahing Mga Taon ng pagtutol: $ 2,500, $ 3,300, $ 4,000 Key Zona ng Suporta: $ 2,000,