ETH Rejected At Critical Resistance, Where is the Next Support Below $3K? (Ethereum Price Analysis) - BitcoinEthereumNews.com
EthereumETH Rejected At Critical Resistance, Where is the Next Support Below $3K? (Ethereum Price Analysis)04 / 23 / 2022Balita ng Ethereum ng Bitcoin After another attempt, Ethereum still could not overcome the key resistance at $3200, and the bears quickly took control of the market. This correlates with the overall sentiment, as the DXY index continues to rise, and high-risk assets such as US stocks indices and Bitcoin are dropping. In addition, Gold has lost 3.5% of its value recently as a safe-haven asset. Teknikal na Pagsusuri ng Teknikal na Pagsusuri Ni Kulay-abo Ang Pang-araw-araw na Tsart On the daily timeframe, following the $3200 rejection, the Seller Takers still have the upper hand in the market, as they were able to impose more than 8% correction on ETH. Below are the two recent uptrends formed within the ascending chanel (marked yellow). The price increase has been accompanied by an increase in the strength of Buyer Takers and Volume Delta, something that is not currently being seen in the market. If sellers continue to control the market, ETH can be expected to drop to retest the chanels bottom line at $2800. On the bullish side, the main challenge is breaking the resistance at $3200, which ETH does not seem