ETH sees a critical resistance at $ 1.8,000, but worrying signs appear (Ethereum price analysis)

ETH sees a critical resistance at $ 1.8,000, but worrying signs appear (Ethereum price analysis)
After a medium -term upward trend, Ethereum has now reached a significant resistance region of $ 1.7,000 to $ 2,000. A successful outbreak from this range could trigger a long -term upward movement. However, there is also the possibility that the price will be rejected and falls again below the sliding 50-week average.
from Shayan
the weekly chart
After Ethereum was supported by the significant level of support of $ 1,000, an upward trend began that led to an outbreak from the symmetrical triangle pattern. The price then formed a sweater to the upper trend line of the triangle before continued to climb over the $ 1.6,000 mark and exceeded the sliding 50-week average.
The moving 50-week average is a crucial level that the price has to keep because it sets a general trend for cryptocurrency in the long term. Since the ETH has recaptured this decisive level, its prospects are currently optimistic.
The price, however, faces a significant resistance region at $ 2,000. A successful outbreak from this price range could trigger a long-term house-punch rally.
The 4-hour diagram
The latest price campaign by Ethereum does not give a clear indication of the upcoming direction. Currently, the cryptocurrency consolidates without a certain direction after finding support on the middle border of the rising channel.
The price, however, is faced with two critical level of support and resistance: the middle limit of the channel at $ 1.7,000, which acts as support, and the upper trend line of the channel at $ 1.9,000, which acts as resistance.
If the price manages to exceed the upper trend line of the channel, the long -term view for ETH is confirmed as interest bully. However, if it experiences a severe decline and falls below the middle limit, the next support level for ETH will be the $ 1.5,000 mark.
Tradingview
from Shayan
The diagram shows the average amount of coins per transaction (SMA-14), which are sent to the stock exchanges in addition to the price of Ethereum.
When the metric indicates high values, this indicates that investors send a larger number of coins in each transaction, which could indicate increased sales pressure. This in turn could lead to a potential drop in prices from Ethereum in the future.
The metric has recently increased significantly, which is due to the upward trend of the price. This observation indicates that in particular in this price range, sales pressure among the participants could increase in order to make up for their losses from the previous Baisse through profit treatment.
However, it is important to keep an eye on the metric in the coming days in the event of sudden tips to avoid further losses.
Cryptoquant
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