Can Ethereum break the golden ratio resistance at $ 1,945 and rise to $ 2,600?

Can Ethereum break the golden ratio resistance at $ 1,945 and rise to $ 2,600?

The Ethereum course is about to break the golden ratio resistance at around $ 1,945. The technical indicators show no signs of a bearish course.

In the daily type, the Ethereum course is exactly on the decisive Golden Ratio Support at around USD 1,945. If this support is broken, the course could reach the last one at around $ 2,140. The MACD (Moving Average Convergence Divergence) lines in the daily type have crossed bullish and the histogram of the MacD shows a bullish upward trend. In addition, there is still a gold crossover in the daily-type, which indicates a short to medium-term bullish trend. The relative strength index (RSI) does not show a bearish divergence, which means that a Bearish rejection of the Golden Ratio resistance is unlikely. Apart from the descending histogram of the MacD, there are no other signs of a bear -like course in the daily.

The Golden Crossover remains intact in the 4-hour chart. If a correction occurs, there is a level of support at around $ 1,840 and USD 1,750. The MacD lines crossed the bear and the histogram of the MacD shows a bearish downward trend. The RSI shows itself neutral. However, the exponential moving average (EMAS) remain overly crossed, which indicates a short -term bullish trend.

In the weekly chart, the MACD lines are crossed bullish and the histogram of the MacD shows a bullish upward trend. If the Ethereum course breaks down the Golden Ratio at around $ 1,945, it could reach the next horizontal resistance between $ 2,140 and $ $ 2.160. If this resistance is also broken, the next significant Fibonacci resistor is between around $ 2,400 and $ 2,600. If Ethereum also overcomes these resistors, the decisive Fibonacci resistance is waiting at around $ 3,400 that would signal a new bull cycle.

In the monkey type you can see that the Ethereum course last month on the 0.382 Fibonacci support at around USD 1,660. The histogram of the MacD has been showing a bullish upward trend for several months and the MacD lines are about to cross bullishly.

to Bitcoin Ethereum was able to complete support at around 0.062 BTC last month over the Golden Ratio. Although it seemed briefly that Ethereum would break up this support, it could still conclude. Thus Ethereum still receives support from the Golden Ratio at around 0.062 BTC. If this support breaks, there is about 0.568 BTC the next significant support on the 50-month exponential sliding average (EMA). The histogram of the MacD has been showing a bearish downward trend again since the last month and the MACD lines are also bearingly crossed in the mone. Although Ethereum does not look particularly bullish with Bitcoin, there is still hope for a bullish development.

If the Ethereum course at the Golden Ratio supports support at around 0.062 BTC, the next significant golden ratio resistance is about 0.0083 Btc.

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