ETH fights for $ 1.8,000, but does a sweater come? (Ethereum price analysis)

ETH fights for $ 1.8,000, but does a sweater come? (Ethereum price analysis)

The overall outlook of Ethereum is optimistic, but the price is currently encountering considerable resistance and fights to exceed it. In view of the latest campaign, a short -term rejection is possible before the next trend.

of Shayan

the daily -type

Ethereum bulls have problems to raise the price of the significant resistance region of $ 1.8,000. After reaching this decisive range, Ethereum began to consolidate without a clear direction, which led to a blunt price campaign.

This indicates a struggle between sellers and buyers, and a outbreak from this range will probably determine the short -term direction of the ETH. Nevertheless, the significant significant declining divergence between the price and the RSI indicator indicates that the probability is higher that the price will experience a short-term rejection before it initiates the next upward movement.

TradingView

The 4-hour diagram

The future short-term direction of the Ethereum Prize remains uncertain because the recent measures do not provide any clear indications. However, there are two decisive support and resistance levels that Ethereum faces: the level of $ 1.7,000 as support and the upper trend line of the channel at $ 1.9,000 as resistance.

A breakthrough over the upper trend line of the canal would signal an interest bully turn in the long -term prospects. Conversely, a severe decline and a decline under the average level could indicate a declining trend, whereby the next level of support is the $ 1.5,000 mark.

Tradingview

of Shayan

This graphic shows the sliding 14-day average of the FINDING Rates metric in addition to the price of Ethereum. The latter has shown an upward trend in recent months, and the general market mood has turned to positive. This change in mood is reflected in the key figure of the financing rates.

During a recent market cleaning up, however, the key figure of the financing rate collapsed and fell under 0.

But after another interest bully price rally, the metric also recaptured 0 and became green, which indicates an interest -bullish mood over the market. Nevertheless, the general tendency of Ethereum is optimistic in the medium term, and the key figure should be observed closely in order to avoid losses due to sudden price returns.

Cryptoquant

.