ETH strives for $ 2,000 as US investors rise, but there is a critical obstacle (Ethereum price analysis)

ETH strives for $ 2,000 as US investors rise, but there is a critical obstacle (Ethereum price analysis)
The price of Ethereum is currently showing a very interest bully signal, with some important levels of resistance being broken up. If the outbreak is valid, it could look much better for the cryptom market in the coming months.
technical analysis
from: Edris
the daily type:
on the daily chart, the price has recovered since a strong recovery from the sliding 200-day average around $ 1400 mark. It has climbed over the sliding 50-day average, which is around $ 1600 mark before it breaks through the upper limit of the large symmetrical triangle pattern.
Apparently the important level of resistance of $ 1800 is currently being tested, and the price could soon be targeting values over $ 2000 in the coming weeks, in particular the level of $ 2300 if the current outbreak is valid.
If, on the other hand, there is a fake outbreak, a retreat could be expected to either the sliding 50-day or 200-day average or the support area of $ 1300.
The 4-hour diagram:
If you look at the 4-hour time frame, the latest price rally becomes clearer. The cryptocurrency has to struggle with the upper border of the symmetrical triangle and the $ 1800 mark in the last few days, the latter still has to be broken up.
The RSI indicator also shows a declining divergence between the latest spa highs, which could indicate a possible correction at short notice. The level of $ 1680 and $ 1500 could be possible turning points for the price if there is a declining movement.
From the point of view of the price campaign, ETH seems to be ready to go further up if you take the last two 4-hour candles into account that break over the $ 1800.
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mood analysis
from: Edris
Ethereum Coinbase Premium gap
Since a banking crisis apparently emerges on the horizon, investors are concerned about the possible effects on the cryptoma market.
Interesting signs of the latest behavior of American investors have appeared. The Premium GAP diagram of Coinbase shows an enormous increase, which has recently occurred, which demonstrates the gap between the ETH/USD couple from Coinbase and the ETH/USDT pair from Binance. Positive values indicate higher buying pressure in the USA, while negative values are associated with sales pressure.
continues this behavior, the market should continue its upward trend in the medium term and a new bull market could begin. However, if the value drops in the coming days and falls below zero, investors should be careful, as this could be an early sign of a declining trend reversal.
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