ETH fights for $ 1.7,000, but there are worrying signs, what's next? (Ethereum price analysis)

Von Krypto News Österreich

Da Ethereum seine jüngste Konsolidierungsspanne verlässt und auf das nächste signifikante Widerstandsniveau abzielt, tendiert die Preisbewegung ins Positive. Technische Analyse Von: Edris Das Tageschart Auf dem Tages-Chart hat sich der Preis über mehrere Wochen in einer engen Spanne konsolidiert. Es scheint jedoch, dass eine bullische Fortsetzung das wahrscheinlichste Szenario ist. In diesem Fall könnten in den kommenden Tagen endlich die Widerstandsmarke von 1800 $ und die obere Grenze des großen symmetrischen Dreiecks getestet werden. Ein Ausbruch über diese Niveaus würde den Weg für eine Rallye in Richtung des entscheidenden Widerstandsbereichs von 2300 $ ebnen. Im Gegenteil, für den Fall, dass …
Since Ethereum leaves its latest consolidation span and aims at the next significant level of resistance, the price movement tends to be positive. Technical analysis of: EDRIS The daily type on the daily chart has consolidated the price in a tight span for several weeks. However, it seems that a bullish sequel is the most likely scenario. In this case, the resistance mark of $ 1800 and the upper limit of the large symmetrical triangle could finally be tested in the coming days. An outbreak over this level would pave the way for a rally in the direction of the decisive resistance area of ​​$ 2300. On the contrary, in the event that ... (Symbolbild/KNAT)

Since Ethereum leaves his latest consolidation span and aims at the next significant level of resistance, the price movement tends into positive.

technical analysis

from: Edris

the daily -type

on the daily chart, the price has consolidated in a tight span over several weeks. However, it seems that a bullish sequel is the most likely scenario.

In this case, the resistance mark of $ 1800 and the upper limit of the large symmetrical triangle could finally be tested in the coming days. An outbreak over this level would pave the way for a rally in the direction of the decisive resistance area of ​​$ 2300.

on the contrary, in the event that the price is rejected downwards, the sliding 200-day and 50-day average lines, which are around $ 1400 and the $ 1350 mark, would be regarded as the next potential support area.

eth_price_chart_0402231 TradingView

The 4-hour diagram

If you look at the 4-hour time frame, the price could not close over the last high for the resistance zone of $ 1650, but the interest bully momentum indicates that this will soon be done. This area mentioned above is the last obstacle before the $ 1800 mark, and the response to the price would show what Ethereum has in the medium term.

However, it should be mentioned that the RSI indicator approaches the overbought area again, which indicates a possible short-term reversal. If there is a sweater, you could rely on the fact that the level of support of $ 1500 will hold the price again.

Eth_Price_Chart_0402232 Tradingview

mood analysis

ETH-Taker-purchase sales ratio

The latest price increase from Ethereum has revived the positivism on the market, and many hope that the bear market could finally be over. However, some worrying signs appear.

This diagram shows the Taker Buy Sell Ratio with a applied 100-day standard average. This key figure indicates whether buyers or sellers are more aggressive on the futures market and is one of the most useful instruments for the mood assessment of futures. Values ​​over 1 show a higher purchase pressure, while values ​​under 1 indicate increased sale.

recently the Taker Buy Sell Ratio over 1, while the price rose. Nevertheless, the trend of the metric seems to be shifted down because it has declined in the past few days.

This signal indicates that buyers slow down on the appointment market.

eth_takerbuysell_ratio_chart_0402231 Cryptoquant

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