Ethereum Crashes 9% in a Day, Wheres the Next Support? (ETH Price Analysis)
EthereumBumagsak ang Ethereum ng 9% sa Isang Araw, Nasaan ang Susunod na Suporta? (Pagsusuri sa Presyo ng ETH)08 / 19 / 2022Balita ng Ethereum ng Bitcoin Negative sentiment has dominated the market this week as Ethereum failed to reclaim the $2000 level. The bears are attempting to pull the price back below the breakout level and trap the bulls. Teknikal na Pagsusuri ng Sa pamamagitan ng: Kulay-abo Ang Pang-araw-araw na Tsart The bears stepped in to induce a 16% decline over the past six days after Ethereum was rejected from $2,000. Consequently, the appearance of the rising wedge pattern (in yellow) could be a signal that the bearish trend might extend. The bulls must prevent a decline below the critical level in the $1,700-$1,800 range. The Relative Strength Index (RSI) indicator has also slipped below the baseline, which suggests that the bears dominate the momentum. If the pair continues to decline, the closest support will be found in the range of $1520-$1570 (in green). This support is the result of the intersaction between the 50-day moving average line(in orange) and the 100-day (in white) moving average line. If this level cracks, the possibility of forming a bear structure would be strengthened, thereby sending Ethereum to test $1,280.