ETH struggles with $ 1.9,000, while Shanghais Upgrade emerges (Ethereum price analysis)

ETH struggles with $ 1.9,000, while Shanghais Upgrade emerges (Ethereum price analysis)
In the past few months, Ethereum has experienced a significant increase in price and exceeded several levels of resistance. However, the bullish momentum seems to be relieved, and cryptocurrency currently has difficulty continuing its upward trend. From now on, ETH is fighting to assert its position and to exceed a significant resistance region.
technical analysis
of Shayan
the daily -type
In March 2023, Ethereum's price experienced a significant rally when it found support with $ 1.4,000 average of $ 1.4,000. However, when the price approached the decisive level of resistance of USD 2,000, the interest bully momentum began.
For this reason, the strength of the $ 2,000 resistance zone and the divergence between the price and the RSI indicator it seems more likely that ETH will soon enter a consolidation correction zone. It is important to keep an eye on the RSI indicator because it approaches the overbought area, which could increase the likelihood of correction or reversal.
Tradingview
The 4-hour diagram
The rally came to a standstill when it reached the upper trend line of the rising channel within the 4-hour period. Although the price tried to exceed the trend line a second time, this was rejected, which led to a slight decline. If the cryptocurrency succeeds in breaking the resistance region of $ 2,000 and the upper threshold of the canal, this could trigger an interest bully rally towards the next level of resistance.
If the price falls, however, the average limit of the channel and the level of $ 1.7,000 will serve as decisive support zones. Remarkably, the ETH has formed a double-top price campaign pattern in the resistance region of $ 2,000, which confirms the declining scenario.
Tradingview
of Shayan
The price of Ethereum has increased in recent months and is approaching the $ 2,000 mark. While some investors are optimistic that the bear market is coming to an end, the appointment market shows a worrying signal.
This diagram shows the Taker-Buy-Sell ratio for Ethereum, which determines whether the bulls or the bears carry out their orders more aggressive, and helps with the prediction of short-term market movements. Positive values are considered a bullish, while negatives are interpreted as bearish.
At the moment, the taker-Buy-Sell ratio has dropped steadily and fell below zero. This indicates that in the following weeks there could be a withdrawal or even a reversal of the value of Ethereum. It is important to monitor this key figure closely because it provides valuable knowledge at short notice.
Cryptoquant
.