ETH sees this level when it crashes below $ 1.6,000 (Ethereum price analysis)

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Von Krypto News Österreich

Der Preis von Ethereum kämpft nach einer erheblichen Rallye in den letzten Monaten darum, über ein wichtiges Widerstandsniveau zu brechen. Es gibt jedoch mehrere Unterstützungsebenen, die den Preis im Falle einer Umkehrung halten könnten. Technische Analyse Von: Edris Das Tageschart Im täglichen Zeitrahmen ist es dem Preis nicht gelungen, die 1800 $-Marke und die obere Grenze des großen symmetrischen Dreiecksmusters zu durchbrechen. Die Kryptowährung scheint derzeit nach unten hin mit einer Ablehnung konfrontiert zu sein, wobei die gleitenden 50-Tage- und 200-Tage-Durchschnittslinien als potenzielle Unterstützungsniveaus um 1550 $ und 1400 $ verfügbar sind. Falls sich der Markt noch tiefer zurückzieht, wäre …
After a considerable rally, Ethereum's price is struggling to break through an important level of resistance in recent months. However, there are several levels of support that could hold the price in the event of a reversal. Technical analysis of: EDRIS The daily daily time frame has not succeeded in breaking the $ 1800 mark and the upper limit of the large symmetrical triangle pattern. The cryptocurrency currently seems to be faced with a rejection, with the sliding 50-day and 200-day average lines available as potential support levels by $ 1550 and $ 1400. If the market withdraws even deeper, would be ... (Symbolbild/KNAT)

The price of Ethereum is struggling to break through an important level of resistance after a considerable rally in recent months. However, there are several levels of support that could hold the price in the event of a reversal.

technical analysis

from: Edris

the daily -type

In the daily time frame, the price has not succeeded in breaking the $ 1800 mark and the upper limit of the large symmetrical triangle pattern.

The cryptocurrency currently seems to be faced down with a rejection, with the sliding 50-day and 200-day average lines available as potential support levels around $ 1550 and $ 1400. If the market withdraws even deeper, the support zone of $ 1300 would be a key area that needs to be observed.

eth_price_chart_2202231 Tradingview

The 4-hour diagram

When looking at the 4-hour chart, the latest price movement becomes clearer. ETH currently breaks down below the $ 1650, which could lead to a lower decline in the direction of the $ 1500 mark if there is a valid outbreak.

The RSI indicator has also fallen below the threshold of 50 %, which indicates the dominance and the declining momentum of the current seller. Nevertheless, the price could increase even higher if the level of $ 1650 is kept. This could possibly lead to a breakthrough over the upper limit of the triangle and a renewed test of the resistance area of ​​$ 1800 in the coming days.

eth_price_chart_2202232 Tradingview

mood analysis

of Shayan

Since 2018, the appointment market has had a significant influence on the price of Ethereum. Therefore, an examination of the mood would be helpful to get insights into short -term price movements.

The Taker Buy Sell Ratio metric (added with a 30-day SMA) can be used to define the market perspective. With the help of this function, we can determine whether the purchase or sales pressure is considerable, whereby values ​​are indicated by one in an interest bullish and under 1 in a bearish mood.

At the same time as the latest upward trend from Ethereum, the key figure increased, which indicates an upward mood on the market. However, the price entered into a consolidation phase, which led to a significant decline in metric under one. As a result, he fell to a new multi -month low, which indicates a predominant declining mood.

The youngest rally should be observed in the coming weeks to determine whether this was just another bull trap or the beginning of a new bull market, since the sellers could dominate again.

Eth_tker_Buy_Sell_Ratio_Chart_2202231 Cryptoquant

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