Ethereum acts in a certain range, since a large movement may be imminent (ETH price analysis)
Ethereum acts in a certain range, since a large movement may be imminent (ETH price analysis)
Ethereum stagnated over a longer period of time and left uncertainty and a pessimistic mood on the market. However, the price consolidates within a tight span and an outbreak could finally give an indication of the direction of the next movement.
technical analysis
of Shayan
The daily chart
The price met with resistance in the $ 2,000 brand and then fell under a short-term upward trend line. A pullback is now being carried out to test the same trend line.
is in the plus compared to the sliding 100-day average, which represents a strong level of support at $ 1,781. In order to press the price under this important price, a significant increase in sales pressure would be required.
currently moves in a tight range, for example between the sliding 100-day average at $ 1,781 and the rising trend line at around $ 1,890. An outbreak from this range will probably determine the short -term prospects of Ethereum.
Tradingview
The 4-hour diagram
When you enlarge the 4-hour chart, the cloudy price movement becomes clearer, with small candles pointing out a lack of clear direction. During the consolidation phase, Ethereum briefly touched the upper limit of the descending wedge pattern, but was rejected.
In the 4-hour time frame, three important price zones come into play: the lower threshold of the rising channel (displayed by violet lines), the significant level of $ 1.7,000 as support and the upper trend line of the wedge pattern (marked with yellow lines), which serves as resistance.
In view of the current price development, it is difficult to predict the short -term prospects of Ethereum until it comes to an outbreak. Tradingview
on-chain analysis
The continued increase in the "valid ETH-good charging in the deposit contract" is an important proof of the active commitment of the validators at Ethereum 2.0. This remarkable transition takes place with the basic assumption that the revolutionary "Proof of Stake" consensus has already been successfully implemented.
The continuous obligation of the examiners to pledge their ETH in the deposit contract has a profound effect on the future of Ethereum. Apart from its direct importance for the facilitation of Ethereum 2.0-upgrade, this increasing activity activity is considered an encouraging sign that strengthens the optimism with regard to the future price development of Ethereum.
In summary, the continued increase in the "valid ETH-Guthabens in the deposit contract" shows how validators actively participate in Ethereum 2.0. Their continuous operations not only support the transition of the network to the Proof of Stake, but also strengthen trust in the future of Ethereum. Cryptoquant
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