Worrying signs for the ETH price before the Shanghai upgrade (Ethereum price analysis)

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Technische Analyse Von: Edris Der Preis von Ethereum hat sich in den letzten Monaten erholt und mehrere bedeutende Widerstandsniveaus durchbrochen. Das zinsbullische Momentum scheint jedoch zu schwinden, da die Kryptowährung zum Zeitpunkt des Schreibens dieses Artikels Schwierigkeiten hat, zu steigen. Der Tageschart: Im täglichen Zeitrahmen hat sich der Preis über der oberen Grenze des großen symmetrischen Dreiecksmusters und der durchbrochenen Widerstandsmarke von $1800 konsolidiert. Es ist jedoch nicht in der Lage, in Richtung des wichtigen Widerstandsbereichs von 2300 $ zu steigen. Kurzfristig könnte es zu einem rückläufigen Pullback kommen, und in diesem Fall könnten das Niveau von 1800 $ und …
Technical analysis of: Edris The Ethereum Prize has recovered in the past few months and broke several significant level of resistance. However, the zinsbullic momentum seems to be disappearing, since the cryptocurrency has difficulties at the time of the writing of this article. The daily -type: In the daily time frame, the price has consolidated above the upper border of the large symmetrical triangular pattern and the opened resistance brand of $ 1800. However, it is not able to rise in the direction of the important resistance area of ​​$ 2300. In the short term, there could be a declining sweater, and in this case the level of $ 1800 and ... (Symbolbild/KNAT)

technical analysis

from: edris

The price of Ethereum has recovered in recent months and has broken several significant level of resistance. However, the interest bully momentum seems to be disappearing, since the cryptocurrency has difficulties at the time of the letter of this article.

the daily type:

In the daily time frame, the price over the upper border of the large symmetrical triangular pattern and the broken resistance brand of $ 1800 consolidated.

However, it is not able to rise in the direction of the important resistance area of ​​$ 2300. In the short term, there could be a declining pullback, and in this case the level of $ 1,800 and the sliding 50-day average, which is located around $ 1700.

In addition, the RSI indicator shows values ​​over 50 %, which means that the bulls still have control. However, the indicator has recently declined because the positive dynamics decrease.

eth_price_chart_0904231 Tradingview

The 4-hour diagram:

If you look at the 4-hour time frame, the price from the narrow consolidation range between the levels of $ 1700 and $ 1,800 broke out. The market is currently withdrawing towards the $ 1850 mark after it has been again under the short-term support of $ 1850.

The RSI also undercut the 50 %threshold, which increases the likelihood of a deeper decline. Nevertheless, the price shows a correction pattern, and the market could find support in the area of ​​$ 1800 and continue its increase in the direction of the psychological resistance brand of $ 2000 in the coming weeks. So that this scenario can occur, the market should break out of $ 1850.

eth_price_chart_0904232 Tradingview

mood analysis

from: edris

Ethereum Taker Buy Sell Ratio (SMA 100)

The price of Ethereum has recovered in the past few months and is approaching the $ 2,000 mark. While many investors are optimistic that the Baisse is finally over, the appointment market shows a worrying signal.

This diagram shows the Taker Buy Sell Ratio for ETH, a valuable key figure for evaluating the mood on the futures market. It determines whether the bulls or the bears carry out their orders more aggressive. Positive values ​​are considered a bullish, while negative values ​​are interpreted as bearish at short notice.

Lately, this key figure has dropped steadily and fell below zero. This indicates that a sweater or even reversal can be expected in the coming weeks. Therefore, the taker-Buy-Sell-Ratio metric should be monitored exactly because it delivers useful knowledge at short notice.

Eth_tker_Buy_Sell_Ratio_Chart_0904231 Cryptoquant

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